SheffieldCorp.'s statement of financial position at the end of 2019 included the following items:

Current assets$1,145,000Current liabilities$1,115,000

Land30,900Bonds payable1,231,000

Buildings1,320,000Common shares181,000

Equipment331,000Retained earnings186,000

Accumulated depreciationbuildings(144,000)Accumulated depreciationequipment(11,800

)Intangible assetspatents41,900

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 $21,500and accumulated depreciation of $8,080) was sold for $11,800.

3.Depreciation expense was $4,060on the building and $9,170on 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 $22,200on the last day of the year. This was the first such investment made bySheffieldin its history.8.Bonds payable of $76,700were issued at par.

9.Cash dividends of $181,000were declared and paid. Dividends paid are treated as financing activities.

Sheffieldprepares financial statements in accordance with IFRS.