Wildhorse Inc. is a private company reporting under ASPE. The following selected account balances were reported in Wildhorse Inc.'s financial statements at year end: Cash Building Equipment Land Accumulated depreciation-building 2024 2023 $27,435 $ 12,400 1,054,000 930,000 487,320 421,600 124,000 74,400 381,300 372,000 Accumulated depreciation-equipment 153,760 116,560 Dividends payable 7,750 3,100 Mortgage payable 675,800 725,400 Notes payable 421,600 384,400 Common shares: 46,000 shares in 2024; 40,000 in 2023 1,000,680 849,400 Retained earnings Cash dividends declared 248,000 124,000 31,000 12,400 Depreciation expense-buildings 31,000 52,700