View Policies Current Attempt in Progress Pina Colada Corp's statement of financial position at the end of 2022 included the following items: Current assets $1,255,000 Current liabilities $1,095,800 Land 31.800 Bonds payable 1.211,000 Buildings 1,200,000 Common shares 199,000 Equipment 321,000 Retained earnings 188,000 Accumulated depreciation-buildings (144,000) Accumulated depreciation-equipment (11,600) Intangible assets-patents 41.600 Total $2,693,800 Total $2,693,800 The following information is available for the 2023 fiscal year: 1. Net income was $399,000. Interest paid is treated as an operating activity. 2. Equipment (cost of $20,300 and accumulated depreciation of $8,200) was sold for $10,400. 3. Depreciation expense was $4,010 on the building and $9,130 on equipment. 4. Amortization expense on a patent was $3,040. 5. Current assets other than cash increased by $30,000. Current liabilities increased by $20,000. 6. An addition to a building was completed at a cost of $32.600. 7. An FV-OCI investment in shares was purchased for $20,900 on the last day of the year. This was the first such investment made by Pina Colada in its history. 8. Bonds payable of $76,700 were issued at par. 9. Cash dividends of $199,000 were were declared and paid. Dividends paid are treated as financing activities. ENGL Total Assets Pina Colada Corp. Statement of Financial Position For the Year Ended December 31, 2023 Assets 522 PM ING Liabilities and Shareholders' Equity -/1 E I Question 2 of 5 Liabilities and Shareholders' Equity LE any 0 $ -/1 E < ENG <0> 323 PM 2022-10-06 Question 2 of 5 -/1 eTextbook and Media e O DVG 100 NO Any eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above ENG 100 > us