Sandhill Inc. is a private company reporting under ASPE. The following selected account balances were reported in Sandhill Inc.s financial statements at year end:

		2021		2020
Cash		$ 19,500		$ 9,000
Buildings		855,000		745,000
Equipment		407,000		353,000
Land		105,000		60,000
Accumulated depreciationbuildings		310,000		297,500
Accumulated depreciationequipment		135,000		101,000
Dividends payable		6,750		3,200
Mortgage payable		549,000		589,000
Notes payable		345,000		314,000
Common shares: 5,500 shares in 2021; 4,100 in 2020		544,000		415,000
Retained earnings		211,000		112,000
Cash dividends declared		30,000		14,000
Depreciation expensebuildings		27,000		40,500
Depreciation expenseequipment		48,005		26,150
Gain on sale of equipment		1,000		0
Loss on sale of building		11,500		0
Interest expense		49,250		45,150

Additional information:
1.		Purchased $80,000 of equipment for $12,000 cash and a note payable for the remainder.
2.		Equipment was also sold during the year.
3.		Sold a building that originally cost $55,000.
4.		Used cash to purchase land and a building.
5.		Mortgage payments and notes payable payments included interest and principal amounts.
6.		Common shares were issued for cash.