Additional info
—Net income was $57,680.
—Equipment (cost $21,440 and accumulated depreciation $9,440) was sold for $11,440.
—Depreciation expense was $5,440 on the building and $10,440 on equipment.
—Patent amortization was $2,500.
Current assets other than cash increased by $29,000. Current liabilities increased by $14,440.
—An addition to the building was completed at a cost of $28,440.
—A long-term investment in stock was purchased for $16,000.
—Bonds payable of $51,130 were issued.
—Cash dividends of $30,000 were declared and paid.
Treasury stock was purchased at a cost of $11,000.
Make a balance sheet