Sanders 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 $$8,100($details in $b).$

b$.$ Sold equipment costing $$75,000,$ with accumulated depreciation of $$48,000,$ for $$18,900$ cash.

c$.$ Purchased equipment costing $$162,000$ by paying $$36,000$ cash and signing a long$-$term note payable for the balance.

d$.$ Borrowed $$5,000$ cash by signing a short$-$term note payable.

e$.$ Paid $$105,000$ cash to reduce the long$-$term notes payable.

f$.$ Issued $5,200$ shares of common stock for $$20$ cash per share.

g$.$ Declared and paid cash dividends of $$229,900.$