Financial statements and additional information for Megaproducts, Inc., are provided below and on page 916.

Additional information:

 

 

4. Declared and paid cash dividends of $128,000.

5. Issued 2,000 shares of $10 par common stock for $15 per share.

6. Retired notes payable for $17,200 and acquired additional office equipment by issuing a note payable for $12,000.

 

Reconcile the cash and cash equivalents at the bottom of the statement of cash flows.