DR is a private company reporting under ASPE. The following selected account balances were reported in Blossom Inc.'s financial statements at year end: 2021 2020 Cash Buildings $19.650 $9.100 858,000 747,000 Equipment 409,000 354.600 Landi Accumulated depreciation-buildings 107,000 61.500 311.000 299.000 Accumulated depreciation-equipment 137,000 102.500 Dividends payable 6,850 3.300 549,800 589.800 Mortgage payable 346,000 315.000 Notes payable Common shares: 5.520 shares in 2021: 4.120 in 2020 545.000 416,000 213.000 114.000 Retained earnings 31,000 14.800 Cash dividends declared 27,500 40,600 Depreciation expense-buildings 346,000 315,000 Common shares: 5,520 shares in 2021: 4,120 in 2020 545,000 416,000 Retained earnings 213,000 114,000 Cash dividends declared 31,000 14,800 Depreciation expense-buildings 27,500 40,600 Depreciation expense-equipment 48,105 26,250 Gain on sale of equipment 1,020 0 Loss on sale of building 11,900 Interest expense 49.450 45,350 1. Additional information: Purchased $81,000 of equipment for $12.400 cash and a note payable for the remainder. 2. Equipment was also sold during the year. 3. Sold a building that originally cost $56,000. 4. Used cash to purchase land and a building. 5. Mortgage payments and notes payable payments included interest and principal amounts. 6. Common shares were issued for cash.