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Tamarisk Corporations balance sheet at the end of 2016 included the following items. Current assets (Cash $82,000) $236,770 Current liabilities $151,770 Land 32,190 Bonds payable

Tamarisk Corporations balance sheet at the end of 2016 included the following items.

Current assets (Cash $82,000) $236,770 Current liabilities $151,770
Land 32,190 Bonds payable 101,770
Buildings 121,770 Common stock 182,190
Equipment 92,190 Retained earnings 46,190
Accum. depr.-buildings (31,770 ) Total $481,920
Accum. depr.-equipment (11,000 )
Patents 41,770
Total $481,920

The following information is available for 2017.

1. Net income was $60,100.
2. Equipment (cost $21,770 and accumulated depreciation $9,770) was sold for $11,770.
3. Depreciation expense was $5,770 on the building and $10,770 on equipment.
4. Patent amortization was $2,500.
5. Current assets other than cash increased by $29,000. Current liabilities increased by $14,770.
6. An addition to the building was completed at a cost of $28,770.
7. A long-term investment (Equity) in stock was purchased for $16,000.
8. Bonds payable of $52,190 were issued.
9. Cash dividends of $30,000 were declared and paid.
10.

Treasury stock was purchased at a cost of $11,000.

Prepare a balance sheet at December 31, 2017. (Show only totals for current assets and current liabilities.) (List Property, Plant and Equipment in order of Land, Building and Equipment.)

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