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lUM Corporation began the month of May with $1.200,000 of current 18 Collected $26,800 cash on an account receivable 15 Paid $29,800 cash to settle

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lUM Corporation began the month of May with $1.200,000 of current 18 Collected $26,800 cash on an account receivable 15 Paid $29,800 cash to settle an account payable 22 Declared a $1 per share cash dividend on its 57,809 shares of outst 26 Paid the dividend declared on May 22 stock. d $128,8e0 cash by giving the bank a 3e-day, 1es note d $1se,eee cash by signing a long-terrm 29 Used the $27e,8e0 cash proceeds from the notes to buy nen nachinery Required: Quick 80.000 (26000(26,000) (29.000) (29 000) 1.45 57,000 May 22 1.46 1.45 1.36 May 20 154 270000) (270 000)

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