Miller 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, $(4)$ all debits to Accounts Payable reflect cash payments for inventory, and $(5)$ Other Expenses are paid in advance and are initially debited to Prepaid Expenses.

Additional Information on Current Year Transactions

a The loss on the cash sale of equipment was $$6,400($details in b$).$

b Sold equipment costing $$55,000,$ with accumulated depreciation of $$34,000,$ for $$14,600$ cash.

c Purchased equipment costing $$122,000$ by paying $$32,000$ cash and signing a long$-$term note payable for the balance.

d Borrowed $$6,000$ cash by signing a short$-$term note payable.

e Paid $$72,000$ cash to reduce the long$-$term notes payable.

f Issued $3,800$ shares of common stock for $$20$ cash pr share.

g Declared and paid cash dividends of $$120,600.$

Complete the $14$ general journnal entries:

$1$ Reconstruct the journal entry for cash receipts from customers, incorporating the change in the related balance sheet account$($s$),$ if any.

$2$Reconstruct the journal entry for cash payments for inventory, incorporating the change in the related balance sheet account$($s$),$ if any. Notes were not issued for the purchase of inventory.

$3$Reconstruct the journal entry for depreciation expense, incorporating the change in the related balance sheet account$($s$),$ if any.

$4$Reconstruct the journal entry for cash paid for operating expenses, incorporating the change in the related balance sheet account$($s$),$ if any.

$5$Reconstruct the journal entry for the sale of equipment at a loss, incorporating the change in the related balance sheet account$($s$),$ if any.

$6$Reconstruct the journal entry for income taxes expense, incorporating the change in the related balance sheet account$($s$),$ if any.

$7$Reconstruct the entry for the purchase of new equipment.

$8$Reconstruct the entry for the issuance of the short$-$term note payable.

$9$Reconstruct the entry for the payment on the long$-$term note payable.

$10$Reconstruct the entry for the issuance of common stock.

$11$Reconstruct the entry to record the payment of cash dividends.

$12$Close the revenue account$($s$)$ to income summary.

$13$Close the expense and loss accounts to income summary.

$14$Close Income Summary to Retained Earnings.

AND prepare the statement of cash flows $2$ ways. the first way would be the inderect method and the second the direct method.