Additional information: Operating expenses include depreciation expense of $39, 740. Land was sold at its book value for cash. Cash dividends of $85, 430 were declared and paid in 2017. Equipment with a cost of $164, 510 was purchased for cash. Equipment with a cost of $50, 910 and a book of $ 36, 020 was sold for $34, 010 cash. Bonds of $50, 440 were redeemed at their face value for cash. Common stock ($1 par) of $171, 120 was issued for cash. Additional information: Operating expenses include depreciation expense of $39, 740. Land was sold at its book value for cash. Cash dividends of $85, 430 were declared and paid in 2017. Equipment with a cost of $164, 510 was purchased for cash. Equipment with a cost of $50, 910 and a book of $ 36, 020 was sold for $34, 010 cash. Bonds of $50, 440 were redeemed at their face value for cash. Common stock ($1 par) of $171, 120 was issued for cash