During 20X2, Evans Company had the following transactions:

a. Cash dividends of $6,000 were paid.

b. Equipment was sold for $2,880. It had an original cost of $10,800 and a book value of $5,400. The loss is included in operating expenses.

c. Land with a fair market value of $15,000 was acquired by issuing common stock with a par value of $3,600.

d. One thousand shares of preferred stock (no par) were sold for $4.20 per share.

Evans provided the following income statement (for 20X2) and comparative balance sheets:

Sales.....................................$147,600

Cost of goods sold.....................(90,000)

Gross margin...........................$ 57,600

Operating expenses.....................(39,600)

Net income..............................$ 18,000

Required:
Prepare a worksheet for Evans Company.

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Evans Company Comparative Balance Sheets At December 31,20X1 and 20X2 20X1 20X2 Assets Cash Accounts reccivable Inventory Plant and equipment Accumulated depreciation Land 19,800 28,800 46,800 (23,400) 9,000 $113,400 32,400 66,600 22,080 19,800 36,000 (21,600) 24,000 $146,880 Total assets Liabilities and stockholders' equitv Accounts payable Wages payable Bonds payable Preferred stock (no par) Common stock $ 14,400 21,600 1,080 6,600 6,000 21,600 29,400 60,600 $146,880 1,800 10,800 1,800 18,000 18,000 Paid-in capital in excess of par Retained carnings 48,600 00 Total liabilities and stockholders' equity $113,400