In $2024,$ the following transactions occurred:

On January $1,$ paid $$4,800$ for a three$-$year fire insurance policy.

Purchased additional uniform inventory on credit for $$148,400.$

Sold uniforms for $$193,800$ on account. The inventory that was sold had been purchased for $$100,000.$

Performed cleaning services for customers for $$529,900.$ One$-$quarter of this amount was paid in cash and the remainder was on account.

Paid $$135,300$ to suppliers to settle some of the accounts payable.

Received $$246,000$ from customers to settle amounts owed to the company.

Paid $$14,500$ for advertising.

At the end of $2024,$ paid the interest on the bank loan for the year at the rate of $7\%,$ as well as $$30,000$ on the principal. The remaining principal balance is due in three years.

Received a $$3,000$ dividend from the long$-$term investment.

Paid $$16,500$ for utilities for the year.

Declared and paid dividends of $$14,200$ at the end of the year.

Paid $$102,000$ for wages during the year. At year end, the company owed another $$2,000$ to the employees for the last week of work in December.