The net changes in the Statement of Financial Position accounts of Eusey, Inc. for the year 2011 are shown below:

The net changes in the Statement of Financial Position accounts of Eusey, Inc. for the year 2011are shown below:Account Debit CreditCash $ 125,600Accounts receivable $ 64,000Allowance for doubtful accounts 14,000Inventory 217,200Prepaid expenses 20,000Long-term investments 144,000Land 300,000Buildings 600,000Machinery 100,000Office equipment 28,000Accumulated depreciation:Buildings 24,000Machinery 20,000Office equipment 12,000Accounts payable 183,200Accrued liabilities 72,000Dividends payable 128,000Premium on bonds 32,000Bonds payable 800,000Preferred stock ($50 par) 60,000Common stock ($10 par) 156,000Additional paid-in capital—common 223,200Retained earnings 87,200$1,705,200 $1,705,200Additional information:(1). Income Statement Data for Year Ended December 31, 2011Income before extraordinary item $272,000Extraordinary loss: Condemnation of land 132,000Net income $140,000(2). Cash dividends of $128,000 were declared December 15, 2011, payable January 15, 2012. A5% stock dividend was issued March 31, 2011, when the market value was $22.00 per share.(3). The long-term investments were sold for $140,000.(4). A building and land which cost $480,000 and had a book value of $300,000 were sold for$400,000. The cost of the land, included in the cost and book value above, was $20,000.(5). The following entry was made to record an exchange of an old machine for a new one:Machinery .............................................................................. 160,000Accumulated Depreciation—Machinery ................................. 40,000Machinery .................................................................. 60,000Cash ............................................................................ 140,000(6). A fully depreciated copier machine which cost $28,000 was written off.(7). Preferred stock of $60,000 par value was redeemed for $80,000.(8). The company sold 12,000 shares of its common stock ($10 par) on June 15, 2011 for $25 ashare. There were 87,600 shares outstanding on December 31, 2011.(9). Bonds were sold at 104 on December 31, 2011.(10). Land that was condemned had a book value of $240,000.