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Sheridan Corporation's balance sheet at the end of 2019 included the following items. Current assets (Cash $82,000) $236,420 Current liabilities $151,420 Land 31,740 Bonds

Sheridan Corporation's balance sheet at the end of 2019 included the following items. Current assets (Cash $82,000) $236,420 Current liabilities $151,420 Land 31,740 Bonds payable 101,420 Buildings 121,420 Common stock 181,740 Equipment 91,740 Retained earnings 45,740 Accum, depr.-buildings (31,420) Total $480,320 Accum. depr.-equipment (11,000 ) Patents 41,420 $480,320 Total The following information is available for 2020.

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