Net Income was $104,200 Burke paid a cash dividend
	Burke owns a 20% interest in Wandas Wigs. During the year, Wanda recorded Net Income of $150,000 and paid out dividends of $70,000.
	Sold equipment with a cost of $100,000 and accumulated depreciation of $32,000 for $60,000.
	Purchased land and equipment for cash.
	On 1/1/19 issued $300,000 in 5 year bonds payable for $322,684. The stated rate of interest on the bonds was 12% while the market rate of interest was 10%. Interest is paid annually on December 31. The effective interest method is used.
	On 1/1/19 issued a 10% stock dividend when the market value of the stock was $30 per share. (the par value of the stock is $10)
	On 7/1/19 issued an additional 900 shares of Common Stock.
	Sold Trading Securities for a gain of $5,000
	On 1/1/19 redeemed 500,000 of bonds for 99. The 8% 5 year bonds were originally issued on 1/1/17 when the effective interest rate was 10%. Interest was recorded on 12/31/18 right before redemption.

2019 2018 CASH 171,334 400,000 A/R 112,000 133,000 INVENTORY 418,000 370,000 20,000| 19,000 116,000 232,000 783,072 -275,000 46,000 1,642,406 TRADING SECURITIES 35,000 SECURITIES FV ADJUSTMENT 10,000 INVESTMENT IN SUB. 100,000 LAND 100,000 PLANT ASSETS 555,000 A/D-PLANT ASSETS -250,000 PATENT 50,000 1,503,000 A/P 75,000 15,000 238072 35,000 WAGES PAYABLE 20,000 NOTES PAYABLE 70,000 BONDS PAYABLE 12% 300,000 18,953 PREMIUM ON B/P B/P 8% 500,000 DISCOUNT ON B/P -25,381 64,000 367,000 C/S 50,000 APIC C/S 330,000 T/S -15,000 -25,000 APIC T/S 11,000 -5,000 5,000 U/E Compensation -15,000 R/E 573,381 558,381 1,642,406| TOTAL LIAB. AND EQUITY 1,503,000 2019 2018 CASH 171,334 400,000 A/R 112,000 133,000 INVENTORY 418,000 370,000 20,000| 19,000 116,000 232,000 783,072 -275,000 46,000 1,642,406 TRADING SECURITIES 35,000 SECURITIES FV ADJUSTMENT 10,000 INVESTMENT IN SUB. 100,000 LAND 100,000 PLANT ASSETS 555,000 A/D-PLANT ASSETS -250,000 PATENT 50,000 1,503,000 A/P 75,000 15,000 238072 35,000 WAGES PAYABLE 20,000 NOTES PAYABLE 70,000 BONDS PAYABLE 12% 300,000 18,953 PREMIUM ON B/P B/P 8% 500,000 DISCOUNT ON B/P -25,381 64,000 367,000 C/S 50,000 APIC C/S 330,000 T/S -15,000 -25,000 APIC T/S 11,000 -5,000 5,000 U/E Compensation -15,000 R/E 573,381 558,381 1,642,406| TOTAL LIAB. AND EQUITY 1,503,000