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The following information is available for 2025 . 1. Net incomewas $50,870. 2. Equipment (cost $21,250 and accumulated depreciation $9,250 ) was sold for $11,250.
The following information is available for 2025 . 1. Net incomewas $50,870. 2. Equipment (cost $21,250 and accumulated depreciation $9,250 ) was sold for $11,250. 3. Depreciation expensewas $5,250 on the building and $10,250 on equipment. 4. Patent amortization was $2,500. 5. Current assets other than cash increased by $29,000. Current liabilities increased by $14,250. 6. An addition to the building was completed at a cost of $28,250. 7. Along-term investment in stockwas purchased for $16,000. 8. Bonds payable of $52,200 were issued. 9. Cash dividends of $30,000 were declared and paid. 10. Treasury stock was purchased at a cost of $11,000. Liabilities and Stockholders' Equity $
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