Hanks Company has prepared the following changes in account balances for the spreadsheet to support its 2019 statement of cash flows:

Additional information: The net income was $1,300. Depreciation expense was $350, and patent amortization expense was $100. At the end of 2019, long-term investments were purchased at a cost of $1,550. Land that cost $700 was sold for $900. On December 31, 2019, bonds payable with a face value of $2,000 were issued for equipment valued at $2,300. Two hundred shares of common stock were issued at $7 per share. Forty shares of common stock were issued as a “small” stock dividend, the relevant market price being $5 per share. Cash dividends declared and paid totaled $600.

Required:
On the basis of the preceding information, complete the spreadsheet.

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D Worksheet Entries Increase 3 Account Title Debit Credit (Decrease) Debits 4 5 Cash 6 Noncash Accounts 7 Accounts Receivable 8 Inventory 9 Investments 10 Land 11 Equipment 12 Patents (net) 13 Total $ 830 (290) 1,280 1,550 (700) 2,300 (100) $4,870 14 15 Accumulated Depreciation 16 Accounts Payable 17 Bonds Payable 18 Premium on Bonds Payable 19 Common Stock, $2 par 20 Additional Paid-in Capital on |21 Credits $ 350 120 2,000 300 480 Common Stock 22 Retained Earnings 23 Total 1,120 500 $4,870 24