12. The comparative balance sheet of Yellow Dog Enterprises inc. at December 31, 20r8 and 20r7, is as follows: 1. Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20Y8 are as follows: 2. Net income, $250,000. 3. Depreciation reported on the income statement, $135,000. 4. Equipment was purchased at a cost of $420,000 and fully depreciated equipment costing $90,000 was discarded, with no salvage realized. - got nd of it. 5. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penaity. 6. 30,000 shares of common stock were issued at $20 for cash. 7. Cash dividends declared and paid, $45,000. 12. The comparative balance sheet of Yellow Dog Enterprises inc. at December 31, 20r8 and 20r7, is as follows: 1. Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20Y8 are as follows: 2. Net income, $250,000. 3. Depreciation reported on the income statement, $135,000. 4. Equipment was purchased at a cost of $420,000 and fully depreciated equipment costing $90,000 was discarded, with no salvage realized. - got nd of it. 5. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penaity. 6. 30,000 shares of common stock were issued at $20 for cash. 7. Cash dividends declared and paid, $45,000