month of operations: 1 2. 3 On incorporation, the company had issued 1.000 common shares in exchange for $15,300 cash and equipment worth $11,000 Additional equipment costing $3,800 was purchased for cash. Supplies costing $500 were purchased for cash. Inventory costing $5.800 was acquired on account. Later in the month, the company paid half of the amount owed. It will pay the remainder next month The entire inventory was sold to customers for $8,600. The company received half of this amount in cash and will receive the remainder next month. By the end of the month $100 of the supplies were used up The equipment was depreciated $220 for the month, Operating expenses paid in cash during the month were $1,800 Dividends of $310 were declared and paid during the month, 5 6. 7 8 9 Calculate the following amounts for the month: (Enter loss using either a negative sign preceding the numbers. -45 or parentheses eg. 1453 Sales revenue $ Cost of goods sold $ Total expenses other than cost of goods sold $ iv Net Income / Loss $ i. Cash on hand $ ii. Total assets other than cash $ Total Liabilities $ iv. Share capital $ V. Retained earnings