Additional information: 1. Net income for 2025 was $83,700. 2. Depreciation expense was $30,600. 3. Cash dividends of $35,100 were declared and paid. 4. Bonds peyable with a carrying value of $45,000 were redeemed for $45,000 cash. 5. Common stock was issued at par for $37,800cash. 6. No equipment was sold during 2025 . 7. Land was sold for its book value