Buffalo Inc. had the following balance sheet at December 31, 2024. During 2025 , the following occurred. 1. Buffalo Inc. sold part of its debt investment portfolio for $19,291. This transaction resulted in a gain of $7,691 for the firm. The company classifies these investments as available-for-sale. 2. A tract of land was purchased for $18,480 cash. 3. Long-term notes payable in the amount of $20,291 were retired before maturity by paying $20,291 cash. 4. An additional \$24,291 in common stock was issued at par. 5. Dividends of $12,491 were declared and paid to stockholders. 6. Net income for 2025 was $37,480 after allowing for depreciation of $15,291. 7. Land was purchased through the issuance of $40,480 in bonds. 8. At December 31, 2025, Cash was $42,480, Accounts Receivable was $47,080, and Accounts Payable remained at $35,480. in $ Land purchased through issuance of \$ of bonds Buffalo Inc. had the following balance sheet at December 31, 2024. During 2025 , the following occurred. 1. Buffalo Inc. sold part of its debt investment portfolio for $19,291. This transaction resulted in a gain of $7,691 for the firm. The company classifies these investments as available-for-sale. 2. A tract of land was purchased for $18,480 cash. 3. Long-term notes payable in the amount of $20,291 were retired before maturity by paying $20,291 cash. 4. An additional \$24,291 in common stock was issued at par. 5. Dividends of $12,491 were declared and paid to stockholders. 6. Net income for 2025 was $37,480 after allowing for depreciation of $15,291. 7. Land was purchased through the issuance of $40,480 in bonds. 8. At December 31, 2025, Cash was $42,480, Accounts Receivable was $47,080, and Accounts Payable remained at $35,480. in $ Land purchased through issuance of \$ of bonds