Partial financial statements for $2023$ and $2024$ for Bramble Company are given below:

Statement of Cash Flows

For the Year Ended December $31,2024$

Increase $($Decrease$)$ in Cash

Cash flows from operating activities

Net income

$$2400000$

Adjustments to reconcile net income to net cash

provided by operating activities:

Increase in accounts receivable

$$(768000)$

Increase in accounts payable

$384000$

Depreciation$-$buildings and equipment

$720000$

Gain on sale of equipment

$(288000)$

Amortization of patents

$96000$

Net cash provided by operating activities

$\frac{144000}{2544000}$

Cash flows from investing activities

Sale of equipment

$576000$

Purchase of land

$(1200000)$

Purchase of buildings and equipment

$(2304000)$

Net cash used by investing activities

$(2928000)$

Cash flows from financing activities

Payment of cash dividend

$(720000)$

Sale of common stock

$1920000$

Net cash provided by financing activities

Net increase in cash

Cash, January $1,2024$

Cash, December $31,2024$

Total assets on the balance sheet at December $31,2024$ are $$13296000.$ Accumulated depreciation on the equipment sold was

$$672000.$

The balance reported for common stock on the December $31,2024$ balance sheet is

$$3120000.$

$$7440000.$

$$4800000.$

$$5520000.$