Additional information: At the end of $2019,($a$)$ the amount of long$-$term liabilities is twice the

amount of current liabilities and $($b$)$ there are $2,900$ shares of common stock outstanding.

During $2020,$ the company $($a$)$ issued $100$ shares of common stock for $$25$ per share, $($b$)$

earned net income of $$20,600,$ and $($c$)$ paid dividends of $$1$ per share on the common stock