Item20 Item Skipped Item 20 Company A had the following activities during the year (all transactions are for cash unless stated otherwise): a. A building with a book value of $420,000 was sold for $520,000. b. Additional common stock was issued for $180,000. c. Company A purchased its own common stock as treasury stock at a cost of $85,000. d. Land was acquired by issuing a 6%, 10-year, $770,000 note payable to the seller. e. A dividend