Landsbury Inc.
			Balance Sheet
			December 31, 2016
			Assets				Liabilities and Stockholders Equity
			Cash	$20,000			Accounts payable		$30,000
			Accounts receivable	21,200			Notes payable (long-term)		41,000
			Investments	32,000			Common stock		100,000
			Plant assets (net)	81,000			Retained earnings		23,200
			Land	40,000
				$194,200					$194,200

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 classifies its investments as available-for-sale.
	2.	A tract of land was purchased for $18,000 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 2017 was $32,000 after allowing for depreciation of $11,000.
	7.	Land was purchased through the issuance of $30,000 in bonds.
	8.	At December 31, 2017, Cash was $32,000, Accounts Receivable was $41,600, and Accounts Payable remained at $30,000.

1.) What is the total current assets?

2.)What is the book value of the building?

3.)What is the amount of total assets?

4.)what is the amount of total current liabilities?

5.) what is the amount of total long term liabilities?

6.) what is the amount of retained earnings at the end of the year?