It was a low-end model, but I got it for $1 at the rummage sale. Good first project.

Now that I have an idea of the date and model how should I go about finding the correct parts for it? Do I need to know more specifically what the date on this bike is? The original color was white.

One of my main concerns is the bottom bracket. The axle I pulled out was in good shape, but I've heard it is better to get an axle that will support cotterless cranks. Who has a good axle for this bike?
Also, what about bearings? Should I get them loose or in a cage (proper term?)?

Damn...so many questions. If anyone can help me out I'd appreciate it. Like I said, I am fairly new to this so I may have quite a few questions.

-brian