Current Attempt in Progress Pina Corporation's balance sheet at the end of 2019 included the following items. Current assets (Cash $82,000) $236,480 Current liabilities $151,480 Land 31,100 Bonds payable 101,480 Buildings 121,480 Common stock 181.100 Equipment 91,100 Retained earnings 45,100 Accum. depr.-buildings (31,480) Total $479,160 Accum. depr.-equipment (11,000) Patents 41,480 Total $479,160 The following information is available for 2020. 1. Net income was $55,350. 2. Equipment (cost $21,480 and accumulated depreciation $9,480) was sold for $11,480. 3. Depreciation expense was $5,480 on the building and $10,480 on equipment. 4. Patent amortization was $2,500. 5. Current assets other than cash increased by $29,000. Current liabilities increased by $14,480. 6. An addition to the building was completed at a cost of $28,480. 7. A long-term investment in stock was purchased for $16,000. 8. Bonds payable of $51,100 were issued. 9. Cash dividends of $30,000 were declared and paid. 10. Treasury stock was purchased at a cost of $11,000. Prepare a balance sheet at December 31, 2020. (Show only totals for current assets and current liabilities.) (List Property, Plant and Equipment in order of Land, Building and Equipment.) PINA CORPORATION Balance Sheet December 31, 2020 Assets $ $ $ Liabilities and Stockholders' Equity $ $ v v $