Aero inc. had the following balance sheet at december 31,

Aero Inc. had the following balance sheet at December 31, 2013.

AERO INC. BALANCE SHEET DECEMBER 31, 2013
Cash	$ 23,330	Accounts payable	$ 33,330
Accounts receivable	24,530	Bonds payable	44,330
Investments	32,000	Common stock	103,330
Plant assets (net)	84,330	Retained earnings	26,530
Land	43,330		$207,520
	$207,520

During 2014, the following occurred.

1.		Aero liquidated its available-for-sale investment portfolio at a loss of $8,330.
2.		A tract of land was purchased for $41,330.
3.		An additional $30,000 in common stock was issued at par.
4.		Dividends totaling $13,330 were declared and paid to stockholders.
5.		Net income for 2014 was $38,330, including $15,330 in depreciation expense.
6.		Land was purchased through the issuance of $33,330 in additional bonds.
7.		At December 31, 2014, Cash was $73,530, Accounts Receivable was $45,330, and Accounts Payable was $43,330.