Current assets (Cash $82,000) $236,770 Current liabilities $151,770 101,770 Land 31,770 Bonds payable Buildings 181,770 121,770 Common stock 91,770 Retained earnings 45,770 Equipment $481,080 Accum. depr -buildings (31,770) Total Accum. depr -equipment (11,000) Patents 41,770 Tota $481,080 The following information is available for 2017. 1. Net income was $55,870. 2. Equipment (cost $21,770 and accumulated depreciation $9,770) was sold for $11,770. 3. Depreciation expense was $5,770 on the building and $10,770 on equipment. 4. Patent amortization was $2,500. 5. Current assets other than cash increased by $29,000. Current liabilities increased by $14,770. 6. An addition to the building was completed at a cost of $28,770. 7. A long-term investment (Equity) in stock was purchased for $16,000. 8. Bonds payable of $51,770 were issued. 9. Cash dividends of $30,000 were declared and paid. 10. Treasury stock was purchased at a cost of $11,000