Bonita Corporation's balance sheet at the end of 2024 included the following items. ...

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Accounting

Bonita Corporation's balance sheet at the end of 2024 included the following items.
The following information is available for 2025.
Net income was $56,470.
Equipment (cost $21,570 and accumulated depreciation $9,570) was sold for $11,570.
Depreciation expense was $5,570 on the building and $10,570 on equipment.
Patent amortization was $2,500.
Current assets other than cash increased by $29,000. Current liabilities increased by $14,570.
An addition to the building was completed at a cost of $28,570.
A long-term investment in stock was purchased for $16,000.
Bonds payable of $52,190 were issued.
Cash dividends of $30,000 were declared and paid.
Treasury stock was purchased at a cost of $11,000.
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