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Please complete in the fields provided. Also include any calculations used. Note: this is one full question, please complete for upvote. Thanks in advance. Presented

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedPlease complete in the fields provided. Also include any calculations used. Note: this is one full question, please complete for upvote. Thanks in advance.

Presented below is the comparative balance sheet for Oriole Inc., a private company reporting under ASPE, at December 31,2021 , and 2020: 1. Cash dividends of $15,000 were declared. 2. A long-term investment was acquired for cash at a cost of $101,500. 3. Depreciation expense is included in the operating expenses. 4. The company issued 10,500 common shares for cash on March 2, 2021. The fair value of the shares was $10 per share. The proceeds were used to purchase additional equipment. 5. Equipment that originally cost $30,000 was sold during the year for cash. The equipment had a carrying value of $9,000 at the time of sale. 6. The company issued a note payable for $28,000 and repaid $3,000 by year end. 7. All purchases of inventory are on credit. 8. Accounts Payable is used only to record purchases of inventory. - sign e.g. 15,000

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