Data table Transaction Data for 2024: Issuance of common stock for cash $ 46,000 Payment of notes payable $ 51,100 Depreciation expense 22,000 Payment of cash dividends 53,000 Purchase of equipment with cash 76,000 Issuance of notes payable to borrow cash 66,000 Acquisition of land by issuing long-term notes payable 122,000 Gain on sale of building 2,500 Book value of building sold 50,000 Net income 66,500 Data table Print Done 2024 2023 Current Assets Cash Accounts Receivable Merchandise Inventory $ 95,200 $ 24,000 63,500 68,800 84,000 80,000 Current Liabilities Accounts Payable 58,000 56,000 Income Tax Payable 14,500 17,000 - X