lCasi] Haw Statement Assignment {F all 201?] The following are accounting items taken from the records of the Biden Company for 201?: Payment of dividends to stocldlolders $20,000 Decrease in accounts payable $24,000 Decrease in accounts receivable $31,000 Increase in inventories $0,000 Increase in salaries payable $20,000 Net income for 201? $50,000 Payment for purchase of land and building $64,000 Payback for longterm notes payable $23,200 {principal payment: $22,000; interest expense and payment: $1,200) Issuance of tenyear bonds payable at par value $30,000 Depreciation expense $12,000 Amortization expense 3,500 Cash proceeds from sale of patent rights $32,000 Gain on the sale of patent rights 0,000 Purchase equipment by issuing longterm notes $35,000 Cash {at the beginning of 201?) szsopoo