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iows the following balances at December 31 : Additional information regarding 2021. 1. Netincome was $11,000. 2. Trading investments consist of term deposits, which are shori-term, highly liquid debt investments maturing, in this case, in 60 days: 3. A loss of $25,000 was recorded on the disposal of a small parcel of land. No land was purchased during the year. 4. A gain on disposal of $18,000 was recorded when an old building was sold for $45,000 cash. A new building was purchased for $525,000 and depreciation expense on buildings for the year was $45,000. 5. Equipment costing $72,000 was purchased while a loss of $13,000 was recorded on equipment that originally cost $45,000 and was sold for $25,000. 6. The company recelved $513,000 from new bank loans during the year 7. Dlvidends were declared and paid during the year. 8. No common shares were issued during the year, but some were bousht back and retired at the amount they were originally issued at. iows the following balances at December 31 : Additional information regarding 2021. 1. Netincome was $11,000. 2. Trading investments consist of term deposits, which are shori-term, highly liquid debt investments maturing, in this case, in 60 days: 3. A loss of $25,000 was recorded on the disposal of a small parcel of land. No land was purchased during the year. 4. A gain on disposal of $18,000 was recorded when an old building was sold for $45,000 cash. A new building was purchased for $525,000 and depreciation expense on buildings for the year was $45,000. 5. Equipment costing $72,000 was purchased while a loss of $13,000 was recorded on equipment that originally cost $45,000 and was sold for $25,000. 6. The company recelved $513,000 from new bank loans during the year 7. Dlvidends were declared and paid during the year. 8. No common shares were issued during the year, but some were bousht back and retired at the amount they were originally issued at

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