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10-34 (Algo) (LO 10-3, 10-4) The following account balances are for the Agee Company as of January 1, 2020, and December 31, 2020. All amounts
10-34 (Algo) (LO 10-3, 10-4) The following account balances are for the Agee Company as of January 1, 2020, and December 31, 2020. All amounts are denominated in kroner (Kr). January 1, 2020 December 31, 2020 Accounts payable (4,000 ) (13,500 ) Accounts receivable 39,000 89,000 Accumulated depreciationbuildings (30,000 ) (35,000 ) Accumulated depreciationequipment 0 (6,000 ) Bonds payabledue 2023 (60,000 ) (60,000 ) Buildings 119,000 97,500 Cash 45,000 9,000 Common stock (69,000 ) (81,000 ) Depreciation expense 0 25,000 Dividends (10/1/20) 0 42,000 Equipment 0 40,000 Gain on sale of building 0 (7,000 ) Rent expense 0 20,000 Retained earnings (40,000 ) (40
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