Prepare a balance Sheet

Sage Corporation's balance sheet at the end of 2019 included the following items. Current assets (Cash $82.000) $236,770 Current liabilities $ 151,770 Land 31,770 Bonds payable 101,770 Buildings 121,770 Common stock 181.770 Equipment 91.770 Retained earnings 45.770 Accum.depr-buildings (31,770) Total $481,080 Accum.depr-equipment (11,000) Patents 41,770 Total $481,080 1. 2. The following information is available for 2020. Net income was $55.870. Equipment (cost $21,770 and accumulated depreciation $9.770) was sold for $11,770. 3. Depreciation expense was $5,770 on the building and $10,770 on equipment. Patent amortization was $2,500. Current assets other than cash increased by $29.000. Current liabilities increased by $14,770. An addition to the building was completed at a cost of $28,770. 7. Along-term investment in stock was purchased for $16.000 Bonds payable of $51,770 were issued. Cash dividends of $30.000 were declared and paid. 10. Treasury stock was purchased at a cost of $11,000. 5. 6. 8. 9. Assets Total Current Assets Investments in Common Stock Property, plant and Equipment Land $ Buildings $ Add V: Accumulated Depreciation Equipment Add : Accumulated Depreciation-Buildings Total Property, plant and Equipment Intangible Assets Patents Total Assets Liabilities and Stockholders' Equity Total Current Liabilitles Long-term Llabilitles Bonds Payable Total Liabilitles Stockholders' Equity Common Stock $ Retained Earnings Total Pald-in Capital and Retained Earnings Less V . Treasury Stock Total Stockholders' Equity Total Liabilitles and Stockholders' Equity