Prepare a balance sheet at December 31, 2020. (Show only totals for current assets and current liabilities.)

Sunland Corporation's balance sheet at the end of 2019 included the following items. Current assets (Cash $82,000) Land Buildings Equipment Accum. depr.-buildings Accum. depr.-equipment Patents $236,600 32,700 121,600 92,700 (31,600 ) (11,000 ) 41,600 $482,600 Current liabilities Bonds payable Common stock Retained earnings Total $151,600 101,600 182,700 46,700 $482,600 Total The following information is available for 2020. 1. 2. 3. 4. 5. Net income was $59,140. Equipment (cost $21,600 and accumulated depreciation $9,600) was sold for $11,600. Depreciation expense was $5,600 on the building and $10,600 on equipment. Patent amortization was $2,500. Current assets other than cash increased by $29,000. Current liabilities increased by $14,600. An addition to the building was completed at a cost of $28,600. A long-term investment in stock was purchased for $16,000. Bonds payable of $52,700 were issued. Cash dividends of $30,000 were declared and paid. Treasury stock was purchased at a cost of $11,000. 6. 7. 8. 9. 10