Use the following financial statements and additional information. Additional Information a. A $40,000 note payable is retired at its $40,000 carrying (book) value in exchange for cash. b. The only changes affecting retained earnings are net income and cash dividends paid. c. New equipment is acquired for $74,000 cash. d. Received cash for the sale of equipment that had cost $61,000, ylelding a $4,900 gain. e. Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement: f. All purchases and sales of inventory are on credit. worksheet \begin{tabular}{l|l|lll} 3 & 7 & 8 & 13 \end{tabular} Reconstruct the joumal entry for cash receipts from customers, incorporating the change in the related balance sheet account(s), If any. Note: Enter debits before credits. Journal entry worksheet 13 Reconstruct the journal entry for cash payments for inventory, incorporating the change in the related balance sheet account(s), if any. Note: Enter debits before credits. Journal entry worksheet 8 13 Reconstruct the joumal entry for depreciation expense, incorporating the change in the related balance sheet account(s), if any. Note: Enter debits before credits. Journal entry worksheet 8 13 Reconstruct the journal entry for cash paid for operating expenses, incorporating the change in the related balance sheet account(s), if any. Note: Enter debits before credits. Journal entry worksheet Reconstruct the journal entry for the sale of equipment at a gain, incorporating the change in the related balance sheet account(s), if any. Note: Enter debits before credits. Journal entry worksheet 1 8 13 Reconstruct the joumal entry for income taxes expense, incorporating the change in the related balance sheet account(s), if any. Note: Enter debits before credits. Journal entry worksheet Reconstruct the entry to record the retirement of the $40,000 note payable at its $40,000 carrying (book) value in exchange for cash. Note: Enter debits before credits. Journal entry worksheet