Bridgeportinc, had the following condensed balance sheet at the end of operations for 2019 Cash Current assets other than cash Equity invesments Plant assets (net) Land BRIDGEPORTINC BALANCE SHEET DECEMBER 31, 2019 $8.400 Current liabilities 29,200 Long-term notes payable 20,100 Bonds payable 67.100 Common stock 39.900 Retained earnings $164,700 $15,000 25,500 25,000 75,000 24,200 $164,700 During 2020, the following occurred 1 Atract of land was purchased for $9,100 2 Bonds payable in the amount of $15,000 wereredeemed at par 3 An additional $10,000 in common stock was issued at par 4 Dividends totaling $9,400 were paid to stockholders 5 Net Income was $30,000 after allowing depreciation of $13,600 Land was purchased through the issuance of $22.500 in bonds 7 Bridgeport Inc sold part of its investment portfolio for $13,000 Thistransaction resulted in a gain of $2,000 forthe company No unrealized gains or losses were recorded on these investments in 2020 Both current assets (other than cash) and current liabilities remained at the same amount 8 BRIDGEPORT INC. Balance Sheet December 31, 2020 Assets Cash $ 39200 Current Assets Other than Cash V 29200 Land Total Long-term Liabilities