USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT (5) QUESTIONS: Following are selected balance sheet accounts of Allman Brothers Corp. at December 31, 2008 and 2007, and the increases or decreases in each account. Also presented are selected income statement information for the year ended December 31, 2008, and additional information. Selected Balance Sheet Accounts: 2008 2007 Increase/ decrease Assets: Accounts Receivable $ 34,000 $ 24,000 $ 10,000. Property, plant, and equipment 277,000 Accumulated Depreciation (178,000) 247,000 (167,000) 30,000 (11,000) Liabilities and stockholders' equity: Bonds payable 49,000 46,000 3,000 Dividends Payable 8,000 5,000 3,000 Common Stock. $1 par 22,000 19,000 3,000 Additional Paid-In Capital 9,000 3,000 6,000 Retained Earnings 104,000 91.000 13,000 Selected Income Statement information for the year ended December 31, 2008: Sales Revenue Depreciation Gain on Sale of Equipment Net Income Additional Information: $155,000 33,000 14,500 31,000 1. During 2008, equipment costing $45,000 was sold for cash. 2. During 2008, $20,000 of bonds payable were issued in exchange for property, plant and equipment. The bonds were issued at face value.