Sheffield Corp.s statement of financial position at the end of 2019 included the following items: Current assets $1,145,000 Current liabilities $1,115,000 Land 30,900 Bonds payable 1,231,000 Buildings 1,320,000 Common shares 181,000 Equipment 331,000 Retained earnings 186,000 Accumulated depreciationbuildings (144,000 ) Accumulated depreciationequipment (11,800 ) Intangible assetspatents 41,900 Total $2,713,000 Total $2,713,000 The following information is available for the 2020 fiscal year: 1. Net income was $405,000. 2. Equipment (cost of $21,500 and accumulated depreciation of $8,080) was sold for $11,800. 3. Depreciation expense was $4,060 on the building and $9,170 on equipment. 4. Amortization expense on a patent was $3,020. 5. Current assets other than cash increased by $30,000. Current liabilities increased by $16,000. 6. An addition to a building was completed at a cost of $32,900. 7. An FV-OCI investment in shares was purchased for $22,200 on the last day of the year. This was the first such investment made by Sheffield in its history. 8. Bonds payable of $76,700 were issued at par. 9. Cash dividends of $181,000 were declared and paid. Dividends paid are treated as financing activities. Sheffield prepares financial statements in accordance with IFRS. ( statement of cash flow and statement of financial position as per IFRS)