The comparative balance sheets for BYD Corporation show the following information. Additional data related to 2015 are as follows: Equipment that had cost $37, 800 and was 80% depreciated at time of disposal was sold for $9, 450. $40, 950 of the long-term note payable was paid by issuing common stock. Cash dividends $24, 500 were paid. On January 1, 2015, the building was completely destroyed by a flood. Insurance proceeds on the building were $110, 250 (after netting $8, 820 taxes). Investments (available-for-sale) were sold at $6, 300 above their cost. The company has made similar sales and investments in the past. A long-term note for $141, 750 was issued for the acquisition of equipment. The comparative balance sheets for BYD Corporation show the following information. Additional data related to 2015 are as follows: Equipment that had cost $37, 800 and was 80% depreciated at time of disposal was sold for $9, 450. $40, 950 of the long-term note payable was paid by issuing common stock. Cash dividends $24, 500 were paid. On January 1, 2015, the building was completely destroyed by a flood. Insurance proceeds on the building were $110, 250 (after netting $8, 820 taxes). Investments (available-for-sale) were sold at $6, 300 above their cost. The company has made similar sales and investments in the past. A long-term note for $141, 750 was issued for the acquisition of equipment