Sheridan Inc. had the following balance sheet at December 31, 2016. During 2017, the following occurred. Sheridan Inc. sold part of its investment portfolio for $16, 260. This transaction resulted in a gain of $4, 660 for the firm. The company classifies its investments as available-for-sale. A tract of land was purchased for $16, 050 cash. Long-term notes payable in the amount of $17, 260 were retired before maturity by paying $17, 260 cash. An additional $21, 260 in common stock was issued at par. Dividends of $9, 460 were declared and paid to stockholders. Net income for 2017 was $35, 050 after allowing for depreciation of $12, 260. Land was purchased through the issuance of $38, 050 in bonds. At December 31, 2017, Cash was $40, 050, Accounts Receivable was $44, 650, and Accounts Payable remained at $33, 050