The following account balances are for the Agee Company as of January 1, 2020, and December 31, 2020. All amounts are denominated in kroner (Kr). Accounts payable Accounts receivable Accumulated depreciation-buildings Bonds payable-due 2023 Buildings Cash January 1, 2020 (10,000) 33,000 (24,000) 0 December 31, 2030 (31,500) 83,000 (29,000) (5,400) (54,000) 94,500 Accumulated depreciation-equipment (54,000) 113,000 39,000 Common stock (63,000) 8,400 (76,000) Depreciation expense 0 19,000 Dividends (10/1/20) 36,000 Equipment 0 34,000 Gain on sale of building (6,400) Rent expense Retained earnings (34,000) 16,400 (34,000) D 24,000 0 (96,000) 7,000 Salary expense Sales Utilities expense Additional Information Agee issued additional shares of common stock during the year on April 1, 2020. Common stock at January 1, 2020, was sold at the start of operations in 2013. Agee purchased buildings in 2014 and sold one building with a book value of Kr 9,900 on July 1 of the current year. Equipment was acquired on April 1, 2020. Relevant exchange rates for 1 Kr were as follows: 2013 $2.60 2014 2.40 January 1, 2020 2.70 April 1, 2020 2.80 July 1, 2020 3.00 October 1, 2020 3.10 December 31, 2020 3.20