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).

	January 1, 2020			December 31, 2020
Accounts payable		(13,000	)		(19,500	)
Accounts receivable		41,000			91,000
Accumulated depreciationbuildings		(32,000	)		(37,000	)
Accumulated depreciationequipment		0			(6,200	)
Bonds payabledue 2023		(51,000	)		(51,000	)
Buildings		121,000			98,500
Cash		47,000			9,200
Common stock		(71,000	)		(85,000	)
Depreciation expense		0			27,000
Dividends (10/1/20)		0			44,000
Equipment		0			42,000
Gain on sale of building		0			(7,200	)
Rent expense		0			15,700
Retained earnings		(42,000	)		(42,000	)
Salary expense		0			32,000
Sales		0			(117,000	)
Utilities expense		0			5,500

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 6,700 on July 1 of the current year.

• Equipment was acquired on April 1, 2020.