Skysong Corporation's balance sheet at the end of 2024 included the following items. Current assets (Cash $82,000) $236,160 Current liabilities $151,160 Land 31,250 Bonds payable 101,160 Buildings 121,160 Common stock 181,250 Equipment 91,250 Retained earnings 45,250 Accum. depr.-buildings (31,160) Total $478,820 Accum. depr.-equipment (11,000) Patents 41,160 Total $478,820 The following information is available for 2025. 1. Net income was $57,090. 2. 3. Equipment (cost $21,160 and accumulated depreciation $9,160) was sold for $11,160. Depreciation expense was $5,160 on the building and $10,160 on equipment. 4. Patent amortization was $2,500. 5. Current assets other than cash increased by $29,000. Current liabilities increased by $14,160. 6. An addition to the building was completed at a cost of $28,160. 7. A long-term investment in stock was purchased for $16,000. 8. Bonds payable of $51,250 were issued. 9. Cash dividends of $30,000 were declared and paid. 10. Treasury stock was purchased at a cost of $11,000.