The income statement, balance sheets, and additional information for Peterson Incorporated are provided. Additional Information for 2024: 1. Purchased additional investment in stocks for $75,000. 2. Sold land for $54,000. The land originally was purchased for $45,000, resulting in a $9,000 gain being recorded at the time of the sale. 3. Purchased $10,000 in equipment by issuing a $10,000 long-term note payable to the seller. No cash was exchanged in the transaction. 4. Declared and paid a cash dividend of $100,000. 5. Issued common stock for $40,000