Oriole Corporation's balance sheet at the end of 2016 included the following items. Current assets (Cash $82,000) $236,890 Land Buildings Equipment Accum. depr.-buildings Accum. depr.-equipment Patents Current liabilities $151,890 101,890 181,420 45,420 $480,620 31,420 Bonds payable 121,890 Common stock 91,420 Retained earnings (31,890 )Total (11,000 ) 41,890 Total $480,620 The following information is available for 2017. 1. Net income was $54,200. 2. Equipment (cost $21,890 and accumulated depreciation $9,890) was sold for $11,890. 3. Depreciation expense was $5,890 on the building and $10,890 on equipment. 4. Patent amortization was $2,500. 5. Current assets other than cash increased by $29,000. Current liabilities increased by $14,890 6. An addition to the building was completed at a cost of $28,890. 7. A long-term investment (Equity) in stock was purchased for $16,000. 8. Bonds payable of $51,420 were issued. 9. Cash dividends of $30,000 were declared and paid. 10. Treasury stock was purchased at a cost of $11,000