The following information has been attached.

The following data is from the records of Anaman Ltd: Comparative Balance Sheets at December 31 Assets: 2019 2018 Cash 83,000 $ 40,000 Accounts receivable 86,000 56,000 Inventory 30,000 20,000 Prepaid Insurance 2,000 Land 25,000 60,000 Machinery 90,000 80,000 Accumulated Depreciation, Machinery (26,900) (20,000) Patents (net of amortization) 39,900 30,000 Total Assets M M Liabilities and Shareholders' Equity Accounts payable 54,000 39,000 Salaries payable 2,000 5,000 Income taxes payable 8,000 2,000 Dividends Payable 15,000 10,000 Bonds payable 40,000 60,000 Preferred shares, nopar value 30,000 20,000 Common shares, nopar value 130,000 100,000 Retained earnings 50,000 30,000 Total Liabilities and SHE M M Income Statement For the year ended 31 December 2019 Sales revenue ..................... $180,000 Gain on sale of land .............. 18,000 Cost of goods sold ................ (90,000) Amortization of Patents ......... (100) Salaries ............................. (33,900) Insurance expense ................ (6,100) Other expenses (including depreciation ofMachinery). (10,900) Income tax expense ............... (12,000) Net income ........................ M Notes and additional information The company retired some of its Bonds Payable at par by cash. Land with a $ 35,000 book value was sold, resulting in the reported gain. There were no non-cash exchanges relative to investing and nancing activities. You may infer (deduce) any additional information from the reported nancial statements. 999's