The balance sheets for Mary Company showed the following information. Additional information concerning transactions and events during 2021 are presented below.

Mary Company Balance Sheet
		December 31
		2021			2020
Cash		$ 38,007			$ 12,546
Accounts receivable (net)		53,259			24,969
Inventory		43,050			51,660
Long-term investments		0			18,450
Property, plant & equipment		290,895			184,500
Accumulated depreciation		(46,371)			(30,750)
		$378,840			$261,375
Accounts payable		$ 20,910			$ 32,595
Accrued liabilities		25,830			20,910
Long-term notes payable		86,100			61,500
Common stock		159,900			110,700
Retained earnings		86,100			35,670
		$378,840			$261,375

Additional data:
1.		Net income for the year 2021, $75,030.
2.		Depreciation on plant assets for the year, $15,621.
3.		Sold the long-term investments for $40,590 (assume gain or loss is ordinary).
4.		Paid dividends of $24,600.
5.		Purchased machinery costing $32,595, paid cash.
6.		Purchased machinery and gave a $73,800 long-term note payable.
7.		Paid a $49,200 long-term note payable by issuing common stock.