$($i$)$

$[$The following information applies to the questions displayed below.$]$

Forten Company's current year income statement, comparative balance sheets, and additional information follow. For the year, $(1)$ all sales are credit sales, $(2)$ all credits to Accounts Receivable reflect cash receipts from customers, $(3)$ all purchases of inventory are on credit, and $(4)$ all debits to Accounts Payable reflect cash payments for inventory.

Additional Information on Current Year Transactions

a$.$ The loss on the cash sale of equipment was $$25,125($details in b$).$

b$.$ Sold equipment costing $$106,875,$ with accumulated depreciation of $$50,125,$ for $$31,625$ cash.

c$.$ Purchased equipment costing $$116,375$ by paying $$70,000$ cash and signing a long$-$term notes payable for the balance.

d$.$ Paid $$54,125$ cash to reduce the long$-$term notes payable.

e$.$ Issued $4,500$ shares of common stock for $$20$ cash per share.

f$.$ Declared and paid cash dividends of $$54,100.$

Forten Company's current year income statement, comparative balance sheets, and additional information follow. For the year, $(1)$ all sales are credit sales, $(2)$ all credits to Accounts Receivable reflect cash receipts from customers, $(3)$ all purchases of inventory are on credit, and $(4)$ all debits to Accounts Payable reflect cash payments for inventory.

Additional Information on Current Year Transactions

a$.$ The loss on the cash sale of equipment was $$25,125($details in $b).$

b$.$ Sold equipment costing $$106,875,$ with accumulated depreciation of $$50,125,$ for $$31,625$ cash.

c$.$ Purchased equipment costing $$116,375$ by paying $$70,000$ cash and signing a long$-$term notes payable for the balance.

d$.$ Paid $$54,125$ cash to reduce the long$-$term notes payable.

e$.$ Issued $4,500$ shares of common stock for $$20$ cash per share.

f$.$ Declared and paid cash dividends of $$54,100.$