The Jenny Hotel Corporation reported Net Income of $110,000 for 20XX. There are NO NON-CASH investing or financing activities. In addition, the following also occurred: . Equipment worth $20,000 was sold for $23,000 . Accounts Receivable decreased by $50,000 . Land worth $260,000 was purchased . Common Stock was sold for $200,000 . Dividends of $60,000 were paid . Accounts Payable increased by $180,000 . Depreciation Expense was $60,000