Solve the following problem:
Denna Company's working capital accounts at the beginning of the year follow: Cash $ 67,000 Marketable securities $ 26,500 Accounts receivable, net $ 342,800 Inventory $ 452,200 Prepaid expenses $ 7,400 Accounts payable $ 194,600 Notes due within one year $ 94,000 Accrued liabilities $ 57,300 During the year, Denna Company completed the following transactions:
x. Paid a cash dividend previously declared, $27,000.
a. Issued additional shares of common stock for cash, $194,000.
b. Sold inventory costing $67,600 for $97,000, on account.
c. Wrote off uncollectible accounts in the amount of $8,800, reducing the accounts receivable balance accordingly.
d. Declared a cash dividend, $27,000.
e. Paid accounts payable, $95,200.
f. Borrowed cash on a short-term note with the bank, $55,500.
g. Sold inventory costing $20,400 for $13,600 cash.
h. Purchased inventory on account, $47,750.
i. Paid off all short-term notes due, $149,500.
j. Purchased equipment for cash, $72,600.
k. Sold marketable securities costing $16,500 for cash, $13,750.
l. Collected cash on accounts receivable, $76,700.