Cheyenne Inc. had the following balance sheet at December 31, 2019.

CHEYENNE INC. BALANCE SHEET DECEMBER 31, 2019
Cash		$24,640		Accounts payable		$34,640
Accounts receivable		25,840		Notes payable (long-term)		45,640
Investments		36,640		Common stock		104,640
Plant assets (net)		81,000		Retained earnings		27,840
Land		44,640				$212,760
		$212,760

During 2020, the following occurred.

1.		Cheyenne Inc. sold part of its debt investment portfolio for $18,399. This transaction resulted in a gain of $6,799 for the firm. The company classifies these investments as available-for-sale.
2.		A tract of land was purchased for $17,640 cash.
3.		Long-term notes payable in the amount of $19,399 were retired before maturity by paying $19,399 cash.
4.		An additional $23,399 in common stock was issued at par.
5.		Dividends of $11,599 were declared and paid to stockholders.
6.		Net income for 2020 was $36,640 after allowing for depreciation of $14,399.
7.		Land was purchased through the issuance of $39,640 in bonds.
8.		At December 31, 2020, Cash was $41,640, Accounts Receivable was $46,240, and Accounts Payable remained at $34,640.