contestada

the following summary transactions occurred during the year for marigold. cash received from: collections from customers $388,000 interest on notes receivable 10,000 collection of notes receivable 58,000 sale of investments 34,000 issuance of notes payable 108,000 cash paid for: purchase of inventory 168,000 interest on notes payable 9,000 purchase of equipment 93,000 salaries to employees 98,000 payment of notes payable 29,000 dividends to shareholders 1,000