Concord Corp.'s statement of financial position at the end of 2019 included the following items: Current assets $1, 305,000 Current liabilities $1,337,100 Land 30,300 1,310,000 Bonds payable 1,141,000 Buildings Common shares 183,000 Equipment 325,000 Accumulated depreciation-buildings (144,000) Retained earnings 194,000 Accumulated depreciation-equipment (12,500) Intangible assets-patents 41,300 Total $2,855,100 Total $2,855,100 The following information is available for the 2020 fiscal year: 1. Net income was $397,000. 2. Equipment (cost of $20,800 and accumulated depreciation of $8,170) was sold for $11,100. 3. Depreciation expense was $4,200 on the building and $9,020 on equipment. 4. Amortization expense on a patent was $3,120. 5. Current assets other than cash increased by $25,000. Current liabilities increased by $14,000. 6. An addition to a building was completed at a cost of $31,900. 7. An FV-OCI investment in shares was purchased for $20,900 on the last day of the year. This was the first such investment made by Concord in its history. 8. Bonds payable of $77,000 were issued at par. 9. Cash dividends of $183,000 were declared and paid. Dividends paid are treated as financing activities. Concord prepares financial statements in accordance with IFRS.Current Assets X FV-OCI Investments X Property, Plant, And Equipment Land Buildings X Less: Accumulated Depreciation - Buildings Equipment Less: Accumulated Depreciation - Equipment Total Property, Plant, And Equipment [Intangible Assets x Intangible Assets-Franci Total Assets Liabilities and Shareholders' Equity Current Liabilities Long-Term Liabilities Bonds Payable) Total Liabilities Shareholders' Equity X Common Shares X Retained Earnings [Total Shareholders' Equity [Total Liabilities And Shareholders' Equity x