Comparative balance sheets for Pina Colada Corp. are presented as follows. Additical information: 1. Net incame for 2019 was $134,100. 2. Cash dividends of $48,300 were declared and paid. 3. Bonds payable amaunting to $50,700 were redeemed for cash $50,700. 4. Common stack was issued for $48,900 cash. 5. Depreciation expense was $25,000. 6. Sales revenue for the year were $977,800. 7. Land was sold at cost, and equipment was purchased for cash