Teal Mountain Chocolatiers Ltd. began operations on January 1, 2024. During its first year, the following transac 1. Issued common shares for $245,000 cash. 2. Purchased $582,000 of inventory on account. 3. Sold inventory on account for $784,000. The original cost of the inventory that was sold was $465,600. 4. Collected $710,500 from customers on account. 5. Paid $526,900 to suppliers for the inventory previously purchased on account. 6. Bought a delivery vehicle for $44,100 cash. 7. Paid $31,850 for rent, including $2,450 related to the next year. 8. Incurred $24,500 of operating expenses, of which $22,050 was paid. 9. Recorded $2,450 of depreciation on the vehicle. 10. Declared and paid dividends of $7,350