Account The net changes in the balance sheet accounts of Eusey, Inc. for the year 2021 are shown below: Credit Cash Debit $ 100,600 Accounts receivable $ 64,000 Allowance for doubtful accounts 10,000 Inventory 197,200 Prepaid expenses 20,000 Long-term investments 144,000 Land 405,000 Buildings 650,000 I Machinery 100,000 Equipment 28,000 Accumulated depreciation: Buildings 24,000 Machinery 20,000 Equipment 12,000 Accounts payable 183,200 Accrued liabilities 72,000 Dividends payable Premium on bonds Bonds payable Preferred stock ($50 par) Common stock ($10 par) Additional paid-in capital-common Retained earnings 128,000 36,000 900,000 70,000 156,000 223,200 67-200 $1.805.200 $1.805.200 Additional information: 1. Net income for 2021 $160.000 2. Cash dividends of $128,000 were declared December 15, 2021, payable January 15, 2022. A 5% stock dividend was issued March 31, 2021, when the market value was $22.00 per share. 3. The long-term investments were sold for $140,000. 4. A building and land which cost $480,000 and had a book value of $350,000 were sold for $400,000. The cost of the land, included in the cost and book value above, was $20,000. 5. The following entry was made to record an exchange of an old machine for a new one: Machinery Accumulated Depreciation-Machinery. Machinery Cash 160,000 40,000 60,000 140,000 6. A fully depreciated copier machine which cost $28,000 was written off. 7. Preferred stock of $70,000 par value was redeemed for $90,000.