Sheffield Corporation's balance sheet at the end of 2024 included the following items. The following information is available for 2025 . 1. Net income was $49,570. 2. Equipment (cost $21,280 and accumulated depreciation $9,280 ) was sold for $11,280. 3. Depreciation expense was $5,280 on the building and $10,280 on equipment. 4. Patent amortization was $2,500. 5. Current assets other than cash increased by $29,000. Current liabilities increased by $14,280. 6. An addition to the building was completed at a cost of $28,280. 7. A long-term investment in stock was purchased for $16,000. 8. Bonds payable of $52,300 were issued. 9. Cash dividends of $30,000 were declared and paid. 10. Treasury stock was purchased at a cost of $11,000. Assets Current Assets Cash in Bank Property. Plant, and Equipment Land Buildings Less : : Accumulated Depreciation:Buildings Equipment $ $ Less : : Accumulated Depreciation-Equipment. Total Property, Plant, and Equipment Intangible Assets Question 2 of 5 Intangible Assets Patents Total Assets Liabilities and Stockholders' Equity Curtent Liabilities Long-term Liabilities Bonds Piyable Total Llabilities Stockholders' Equity Paid-in Capital $ 382. Stockholders' Equity Paid-in Capital Common stock $ 182. Aetained Garninit Total Paid-in Capital and Retained Earnings : Les : : Trenurystock 11000 Total Stochtholdrs' Equity Total Labilities and Stockholders' Equity