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Presented here are the financial statements of Sarasota Company. Additional data: 1. Depreciation expense was...

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Accounting

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Presented here are the financial statements of Sarasota Company. Additional data: 1. Depreciation expense was $40,250. 2. Dividends declared and paid were $46,000. 3. During the year, equipment was sold for $19,550cash. This equipment originally cost $41,400 and had accumulated depreciation of $21,850 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. 10 'SI- 8 u8.15

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