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Current Attempt $in$ Progress

The balance sheet data $of$ Sheridan Company $at$ the end $of2025$ and $2024$ follow.

Land was acquired for $$29,400in$ exchange for common stock, par $$29,400,$ during the year; all equipment purchased was for cash.

Equipment costing $$13,000$ was sold for $$3,000$; book value $of$ the equipment was $$5,900.$ Cash dividends $of$ $$9,900-12,000orin$ parenthesis $e.g.(12,000).$