The following account balances are for the Agee Company as of January 1, 2011, and December 31, 2011. All figures are denominated in kroner (Kr).

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January 1, 2011 Accounts payable (18,000) December 31, 2011 (24,000) Accounts receivable 35,000 Accumulated depreciation-buildings (20,000) Accumulated depreciation equipment -0- Bonds payable due 2014 (50,000) 79,000 (25,000) (5,000) (50,000) Buildings 118,000 97,000 Cash... 35,000 8,000 Common stock.. Depreciation expense (70,000) (80,000) 15,000 Dividends (10/1/11) 32,000 Equipment 30,000 Gain on sale of building (6,000) Rent expense 14,000 Retained earnings (30,000) (30,000) Salary expense -0- 20,000 Sales Utilities expense -0- (80,000) -0- 5,000