i need help solving part B please!!

Exercise 5-17 (Part Level Submission) Novak Corporation's balance sheet at the end of 2016 included the following items. Current assets (Cash $82,000) $236,670 Current liabilities $151,670 31,370 Bonds payable 101,670 Land Buildings 121,670 Common stock 181,370 91,370 Retained earnings 45,370 Equipment $480,080 Accum. depr -buildings (31,670) Tota (11,000) Accum. depr -equipment 41,670 Patents $480,080 Total The following information is available for 2017. 1. Net income was $50,720. 2. Equipment (cost $21,670 and accumulated depreciation $9,670) was sold for $11,670. 3. Depreciation expense was $5,670 on the building and $10,670 on equipment. 4. Patent amortization was $2,500. 5. Current assets other than cash increased by $29,000. Current liabilities increased by $14,670. 6. An addition to the building was completed at a cost of $28,670. 7. A long-term investment (Equity) in stock was purchased for $16,000. 8. Bonds payable of $51,370 were issued. 9. Cash dividends of $30,000 were declared and paid. 10. Treasury stock was purchased at a cost of $11,000. (a) Your answer is correct