Instructions Prepare a balance sheet in good form, adjusting the amounts in each balance sheet classification as affected by the information given above. D P5.6 (LO 2, 3) Excel (Preparation of a Statement of Cash Flows and a Balance Sheet) Lansbury Inc. had the following balance sheet at Dember 31, 2019. Lansbury Inc. Balance Sheet December 31, 2019 Accounts payable Notes payable (long-term) Cash $ 20,000 Accounts receivable 21,200 Investments 32,000 Common stock Plant assets (net) 81,000 Retained earnings Land 40,000 $194.200 $ 30,000 41,000 100,000 23.200 $194,200 During 2020, the following occurred. 1. Lansbury Inc. sold part of its debt investment portfolio for $15,000. This transaction resulted in a gain of $3.400 for the firm. The company these investments as available-for-sale. 2. A tract of land was purchased for $13,000 cash. 3. Long-term notes payable in the amount of $16,000 were retired before maturity by paying $16,000 cash. 4. An additional $20,000 in common stock was issued at par. 5. Dividends of $8,200 were declared and paid to stockholders. 6. Net income for 2020 was $32,000 after allowing for depreciation of $11,000. 7. Land was purchased through the issuance of $35.000 in bonds. 8. At December 31, 2020, Cash was $37,000, Accounts Receivable was $41,600, and Accounts Payable remained at $30,000. P Busi