Flounder Corp.s statement of financial position at the end of 2019 included the following items: Current assets $1,275,000 Current liabilities $1,152,000 Land 30,500 Bonds payable 1,251,000 Buildings 1,250,000 Common shares 186,000 Equipment 331,000 Retained earnings 190,000 Accumulated depreciation-buildings (137,000) Accumulated depreciation-equipment (12,400) Intangible assets-patents 41,900 Total $2.779.000 Total $2,779,000 The following information is available for the 2020 fiscal year: Net income was $400.000. Interest paid is classified as operating activities. 2. Equipment (cost of $21,300 and accumulated depreciation of $8.160) was sold for $10.600. 3 Depreciation expense was $4,190 on the building and $9.160 on equipment. Amortization expense on a patent was $3.140, 5. Current assets other than cash increased by $38.000. Current liabilities increased by $24.000. 6. An addition to a building was completed at a cost of $31.600. 7. An FV-OCl investment in shares was purchased for $21700 on the last day of the year. This was the first such investmer made by Flounder in its history. 8. Bonds payable of $76.300 were issued at per Cash dividends of $186,000 were declared and paid Dividends paid are treated as financing activities Flounder Corp.s statement of financial position at the end of 2019 included the following items: Current assets $1,275,000 Current liabilities $1,152,000 Land 30,500 Bonds payable 1,251,000 Buildings 1,250,000 Common shares 186,000 Equipment 331,000 Retained earnings 190,000 Accumulated depreciation-buildings (137,000) Accumulated depreciation-equipment (12,400) Intangible assets-patents 41,900 Total $2.779.000 Total $2,779,000 The following information is available for the 2020 fiscal year: Net income was $400.000. Interest paid is classified as operating activities. 2. Equipment (cost of $21,300 and accumulated depreciation of $8.160) was sold for $10.600. 3 Depreciation expense was $4,190 on the building and $9.160 on equipment. Amortization expense on a patent was $3.140, 5. Current assets other than cash increased by $38.000. Current liabilities increased by $24.000. 6. An addition to a building was completed at a cost of $31.600. 7. An FV-OCl investment in shares was purchased for $21700 on the last day of the year. This was the first such investmer made by Flounder in its history. 8. Bonds payable of $76.300 were issued at per Cash dividends of $186,000 were declared and paid Dividends paid are treated as financing activities