Additional information:

Operating expenses include depreciation expense $of$ $$88,000.$

Land was sold $at$ its book value for cash.

Cash dividends $of$ $$187,000$ were declared and paid $in2027.$

Equipment with a cost $of$ $$365,200$ was purchased for cash. Equipment with a cost $of$ $$112,200$ and a book value $of$ $

was sold for $$74,800$ cash.

Bonds $of$ $$110,000$$$1$ par$$374,000(15,000).$