obim Inc., had the following condensed balance sheet at the end of operations for 2013.

JOBIM INC. BALANCE SHEET DECEMBER 31, 2013
Cash		$8,640		Current liabilities		$15,210
Current assets other than cash		28,830		Long-term notes payable		25,740
Investments		20,280		Bonds payable		24,800
Plant assets (net)		67,560		Capital stock		75,440
Land		40,060		Retained earnings		24,180
		$165,370				$165,370

During 2014, the following occurred.

1.		A tract of land was purchased for $10,630.
2.		Bonds payable in the amount of $19,900 were retired at par.
3.		An additional $10,160 in capital stock was issued at par.
4.		Dividends totaling $9,376 were paid to stockholders.
5.		Net income was $29,940 after deducting depreciation of $13,850.
6.		Land was purchased through the issuance of $22,200 in bonds.
7.		Jobim Inc. sold part of its investment portfolio for $12,790. This transaction resulted in a gain of $2,330 for the company. The company classifies the investments as available-for-sale.
8.		Both current assets (other than cash) and current liabilities remained at the same amount.

Assets Current Assets 33144 Cash Current Assets Other than Cash 28830 Retained Earnings 61974 61974 Total Current Assets Property, Plant and Equipment Land 40060 67560 Plant Assets Total Property, Plant and Equipment 107620 Total Assets Liabilities and Stockholders' Equity 15210 Current Liabilities $ Long-term Liabilities Long-term Notes Payable 25740 Bonds Payable -24800 Total Long-term Liabilities 50540 Stockholders' Equity Capital Stock 75440 Retained Earnings 24180 Total Stockholders' Equity Total Liabilities and Stockholders' Equity