Equipment costing $$125,000$ was purchased for cash.

Equipment costing $$85,000$ with accumulated depreciation of $$65,000$ was sold for $$15,000.$

The stock was issued for cash.

The only entries in the retained earnings account were net income of $$51,000$ and cash dividends declared of $$13,000.$

Year $2$

Year $1$

$\backslash$table$[[$Assets$,,],[$Cash$,$$$100,000,$$$78,000$