The following information was available for Brahms Corporation for the year 20x4. (a) Cash sales for the year were $50,000. Sales on accounts for the year were $60,000 (b) Cost of goods sold was 50% of total sales. All inventory is purchased on account. (c) Depreciation on equipment was $31,000 for the year (d) Amortization of patent was $2,000 (e) Collections of accounts receivable were $38,000 (f Payments on accounts payable for inventory totaled $39,000 (g) Rent expense paid in cash was S11,000 (h) The company issued 20,000 shares of S10 par value stock for S240,000 Land valued at S106,000 was acquired by issuing bonds payable with a par value of $100,000 at 106 G) Equipment was purchased for cash at a cost of $84,000. (k) Dividends of $46,000 were declared but not yet paid (l) The company paid $15,000 ofdividends that had been declared and payable during the last fiscal year (m) A machine used on the assembly line was sold for $12,000. The machine had a book value of $7,000. Another machine with a book value of $500 was scrapped and was reported as an ordinary loss. No cash was received for this machine (n) The cash account increased si91,000 during the year. The balance of cash at the end ofthe year was $274,000