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Ivanhoe Incorporated had the following transactions involving current assets and current liabilities during February 2022. Feb. 3 Collected accounts receivable of $15,400. 7 Purchased equipment

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Ivanhoe Incorporated had the following transactions involving current assets and current liabilities during February 2022. Feb. 3 Collected accounts receivable of $15,400. 7 Purchased equipment for $28,700 cash. 11 Paid $3,400 for a 1 -year insurance policy. 14 Paid accounts payable of $12,200. 18 Declared cash dividends of $4,600

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