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Prepare a balance sheet at December 31, 2020. (Show only totals for current assets and current liabilities.) (List Property, Plant and Equipment in order of
Prepare a balance sheet at December 31, 2020. (Show only totals for current assets and current liabilities.) (List Property, Plant and Equipment in order of Land, Building and Equipment.) CONCORD CORPORATION Balance sheet Assets $ $ $ Concord Corporation's balance sheet at the end of 2019 included the following items. The following information is available for 2020. 1. Net income was $50,870. 2. Equipment (cost $21,250 and accumulated depreciation $9,250 ) was sold for $11,250. 3. Depreciation expense was $5,250 on the building and $10,250 on equipment. 4. Patent amortization was $2,500. 5. Current assets other than cash increased by $29,000. Current liabilities increased by $14,250. 6. An addition to the building was completed at a cost of $28,250. 7. Along-term investment in stock was purchased for $16,000. 8. Bonds payable of $52,200 were issued. 9. Cash dividends of $30,000 were declared and paid. 10. Treasury stock was purchased at a cost of $11,000. Liabilities and Stockholders' Equity $ $
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