Prepare a balance sheet based on the following

Culver Corporation's balance sheet at the end of 2019 included the following items. Current liabilities $151,420 Current assets (Cash $82,000) $236,420 Bonds payable 31,740 Land 101,420 181,740 Buildings Common stock 121,420 91,740 Retained earnings 45,740 Equipment Total Accum.depr-buildings $480,320 (31,420) (11,000) Accum.depr.-equipment Patents 41,420 $480,320 Total The following information is available for 2020. 1. Net income was $53,490. Equipment (cost $21,420 and accumulated depreciation $9,420) was sold for $11,420. 2. Depreciation expense was $5,420 on the building and $10,420 on equipment. 3. Patent amortization was $2,500. 4. Current assets other than cash increased by $29,000. Current liabilities increased by $14,420. 5. An addition to the building was completed at a cost of $28,420. 6. 7. Along-term investment in stock was purchased for $16,000. Bonds payable of $51,740 were issued. 8. Cash dividends of $30,000 were declared and paid. 9. Treasury stock was purchased at a cost of $11,000. 10