Ivanhoe Corporations trial balance at December 31, 2020, is presented below. All 2020 transactions have been recorded except for the items described below.

		Debit		Credit
Cash		$27,700
Accounts Receivable		54,000
Inventory		23,100
Land		65,800
Buildings		86,900
Equipment		31,000
Allowance for Doubtful Accounts				$440
Accumulated DepreciationBuildings				27,000
Accumulated DepreciationEquipment				15,000
Accounts Payable				19,000
Interest Payable				0
Dividends Payable				0
Unearned Rent Revenue				8,000
Bonds Payable (10%)				50,000
Common Stock ($10 par)				32,000
Paid-in Capital in Excess of ParCommon Stock				6,400
Preferred Stock ($20 par)				0
Paid-in Capital in Excess of ParPreferred Stock				0
Retained Earnings				26,860
Treasury Stock		0
Cash Dividends		0
Sales Revenue				615,000
Rent Revenue				0
Bad Debt Expense		0
Interest Expense		0
Cost of Goods Sold		408,000
Depreciation Expense		0
Other Operating Expenses		39,300
Salaries and Wages Expense		63,900
Total		$799,700		$799,700

Unrecorded transactions and adjustments:

1.		On January 1, 2020, Ivanhoe issued 1,200 shares of $20 par, 6% preferred stock for $26,400.
2.		On January 1, 2020, Ivanhoe also issued 1,100 shares of common stock for $26,400.
3.		Ivanhoe reacquired 320 shares of its common stock on July 1, 2020, for $50 per share.
4.		On December 31, 2020, Ivanhoe declared the annual cash dividend on the preferred stock and a $1.30 per share dividend on the outstanding common stock, all payable on January 15, 2021.
5.		Ivanhoe estimates that uncollectible accounts receivable at year-end is $5,400.
6.		The building is being depreciated using the straight-line method over 30 years. The salvage value is $5,900.
7.		The equipment is being depreciated using the straight-line method over 10 years. The salvage value is $3,100.
8.		The unearned rent was collected on October 1, 2020. It was receipt of 4 months rent in advance (October 1, 2020 through January 31, 2021).
9.		The 10% bonds payable pay interest every January 1. The interest for the 12 months ended December 31, 2020, has not been paid or recorded.

(Ignore income taxes.)