On January 1, 2018, ARRC issued no par common stock for $ 400 comma 000. b. Early in January, ARRC made the following cash payments: 1. For store fixtures, $ 47 comma 000 2. For merchandise inventory, $ 330 comma 000 3. For rent expense on a store building, $ 16 comma 000 c. Later in the year, ARRC purchased merchandise inventory on account for $ 234 comma 000. Before year-end, ARRC paid $ 154 comma 000 of this accounts payable. d. During 2018, ARRC sold 2 comma 000 units of merchandise inventory for $ 425 each. Before year-end, the company collected 95% of this amount. Cost of goods sold for the year was $ 300 comma 000, and ending merchandise inventory totaled $ 264 comma 000. e. The store employs three people. The combined annual payroll is $ 88 comma 000, of which ARRC still owes $ 2 comma 000 at year-end. f. At the end of the year, ARRC paid income tax of $ 19 comma 000. There are no income taxes payable. g. Late in 2018, ARRC paid cash dividends of $ 36 comma 000. h. For store fixtures, ARRC uses the straight-line depreciation method, over five years, with zero residual value.