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prepare an updated balance sheet changes are in two pics. couldnt fit in one pic Bonita Inc. had the following balance sheet at December 31,

prepare an updated balance sheet
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image text in transcribedchanges are in two pics. couldnt fit in one pic
image text in transcribed
Bonita Inc. had the following balance sheet at December 31, 2024. During 2025, the following occurred. 1. Bonita Inc. sold part of its debt investment portfolio for $15,111. The company classifies these investments as available-for-sale. 2. A tract of land was purchased for $13,880 cash. 3. Long-term notes payable in the amount of $16,111 were retired bef 4. An additional $20,111 in common stock was issued at par. 5. Dividends of $8,311 were declared and paid to stockholders. 6. Net income for 2025 was $32,880 after allowing for depreciation of 7. Land was purchased through the issuance of $35,880 in bonds. 8. At December 31, 2025. Cash was $37,880, Accounts Receivable was bt investment portfolio for $15,111. This transaction resulted in a gain of $3,511 for the firm. investments as available-for-sale. for $13,880 cash. the amount of $16,111 were retired before maturity by paying $16,111 cash. mmon stock was issued at par. declared and paid to stockholders. $32,880 after allowing for depreciation of $11,111. Igh the issuance of $35,880in bonds. Cash was $37,880. Accounts Receivable was $42,480, and Accounts payable remained at $00880

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