Sandhill Ltd. had the following transactions in its first month of operations

1.Issued 19,000 common shares in exchange for $95,000 cash

2.Took out a $26.600 loan from the bank

3.Paid $29,200 to purchase inventory

4.Equipment costing $35.300 was purchased for $6,700 cash, with the balance on account.

5.Made sales of $50,000 to customers, with $11,400 being cash sales and the balance on account

6.The cost of the inventory sold to customers was $20.000

7 Paid employee wages totalling $5,400

8. Operating expenses of $3,100 were paid during the month

9 Deprecation of $800 was recorded for the month

10 Dividends of $950 were declared and paid during the month.

(a) Calculate the following amounts for the month (Enter lost using either a negative sign preceding the number eg-45 or parentheses

1.Sales revenue 2.Cost of goods sold 3.Total expenses other than cost of goods sold 4.Net Income or Loss