Exercise 13-11 Z Your answer is partially correct. Try again. The following selected accounts are from Dupr Corp.'s general ledger: Land Bal. 531,400 Jan. 1 6,900 Dec. 31 Bal. 538,300 Dec. 31 Equipment Bal. 162,500 Jan. 1 July 31 71,160 51,510 Nov. 10 Sept. 2 41,510 Bal. 243,660 Dec. 31 Accumulated Depreciation-Equipment Jan. 1 Ba 72,190 29,030 Dec. 31 47,590 Nov. 10 Bal. 90,750 Dec. 31 Bank Loan payable Jan. 1 Ba Sept. 2 42,220 Bal. 42,220 Dec. 31 Retained Earnings Bal. 106,500 Jan. 1 4,490 Dec. 31 Aug. 23 58,160 Dec. 31 Bal. 160,170 Additional information: July 31 Equipment with a cost of $71,160 was purchased for cash Sept. 2 Equipment with a cost of $51,510 was purchased and partially financed through the issue of a long-term bank loan payable. Aug. 23 A $4,490 cash dividend was paid Nov. 10 A loss of $2,830 was incurred on the disposal of equipment Dec. 1 Acquired a small parcel of adjoining land 31 Depreciation expense of $47,590 was recorded for the year. 31 Profit for the year was $58,160