Check my work The following account balances are for the Agee Company as of January 1, 2020, and December 31, 2020. All amounts are denominated in kroner (Kr). Accounts payable Accounts receivable Accumulated depreciation-buildings Accumulated depreciation equipment Bonds payable-due 2023 Buildings Cash Common stock Depreciation expense Dividends (10/1/20) Equipment Gain on sale of building Rent expense Retained earnings Salary expense Sales Utilities expense January 1, 2020 (21,000) 48,000 (39,000) 0 (58,000) 128,000 54,000 (63,000) 0 0 0 0 0 (49,000) 0 0 0 December 31, 2020 (28,000) 98,000 (44,000) (6,900) (58,000) 102,000 9,900 (73,000) 34,000 51,000 49,000 (7,900) 18,900 (49,000) 39,000 (144,000) 9,000 Additional Information Agee issued additional shares of common stock during the year on April 1, 2020. Common stock at January 1, 2020, was sold at the start of operations in 2013. Agee purchased buildings in 2014 and sold one building with a book value of Kr 3,900 on July 1 of the current year. Equipment was acquired on April 1, 2020.