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I went to solve this question. Sohar Corporation's balance sheet at the end of 2019 included the following items (OR). Current assets 564,000, Current liabilities

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Sohar Corporation's balance sheet at the end of 2019 included the following items (OR). Current assets 564,000, Current liabilities OR 360,000, Land 72,000, Bonds payable 240,000, Buildings 288,000, Common stock 432,000, Equipment 216,000, Retained earnings 105,600, Accumulated depreciation buildings (72,000), Accumulated depreciation equipment (26,400), Patents 96,000 The following information is available for 2020: 1. Treasury stock was purchased at a cost of OR 26,400. 2. Cash dividends of OR 72,000 were declared and paid. 3. A long-term investment in stock was purchased for OR 38,400. 4. Current assets other than cash increased by OR 69,600. Current liabilities increased by OR 31,200. 5. Depreciation expense was OR 9,600 on the building and OR 21,600 on equipment. 6. Net income was OR 132,000. 7. Bonds payable of OR 120,000 were issued. 8. An addition to the building was completed at a cost of OR 64,800. 9. Patent amortization was OR 6,000. 10. Equipment (cost OR 48,000 and accumulated depreciation OR 19.200) was sold for OR 24,000. Sohar Corporation's balance sheet at the end of 2019 included the following items (OR). Current assets 564,000, Current liabilities OR 360,000, Land 72,000, Bonds payable 240,000, Buildings 288,000, Common stock 432,000, Equipment 216,000, Retained earnings 105,600, Accumulated depreciation buildings (72,000), Accumulated depreciation equipment (26,400), Patents 96,000 The following information is available for 2020: 1. Treasury stock was purchased at a cost of OR 26,400. 2. Cash dividends of OR 72,000 were declared and paid. 3. A long-term investment in stock was purchased for OR 38,400. 4. Current assets other than cash increased by OR 69,600. Current liabilities increased by OR 31,200. 5. Depreciation expense was OR 9,600 on the building and OR 21,600 on equipment. 6. Net income was OR 132,000. 7. Bonds payable of OR 120,000 were issued. 8. An addition to the building was completed at a cost of OR 64,800. 9. Patent amortization was OR 6,000. 10. Equipment (cost OR 48,000 and accumulated depreciation OR 19.200) was sold for OR 24,000

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