Question: can you put everthing in the right order it needs to go in. Question 3 of 3 Your answer is partially correct. Shown below are


Question 3 of 3 Your answer is partially correct. Shown below are comparative balance sheets for Mitch Company. Mitch Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $ 68,000 $ 22,000 Accounts receivable 88,000 76,000 Inventory 167,000 189,000 Land 80,000 100,000 Equipment 260,000 200,000 Accumulated depreciation-equipment (66,000) (32.000) Total $597.000 $555,000 Liabilities and Stockholders' Equity Accounts payable $39,000 $ 43,000 Bonds payable 150,000 200,000 Common stock ($1 par) 216,000 174,000 Dadi CADA Da Question 3 of 3 Equipment 260,000 200,000 Accumulated depreciation-equipment (66,000) (32,000) Total $597,000 $555,000 Liabilities and Stockholders' Equity Accounts payable $39,000 $ 43,000 Bonds payable 150,000 200,000 Common stock ($1 par) 216,000 174,000 Retained earnings 192,000 138,000 Total $597,000 $555,000 Additional information: 1. Net income for 2022 was $93.000. 2. 3. Depreciation expense was $34,000. Cash dividends of $39,000 were declared and paid. Bonds payable amounting to $50,000 were redeemed for cash $50,000. Common stock was issued for $42,000 cash. 4. . 5. 6 6. No equipment was sold during 2022. 7. Land was sold for its book value. sment-player/index.html?launchid=d69dc707-d086-4729-8662-dde959a5ab6f#/question/2 NWP Assessment Player UI AD X + 10 POINTS uestion 3 of 3 Statement of Cash Flows For the Year Ended December 31, 2022 0.21 Cash Flows from Operating Activities Net Income $ Adjustments to reconcile net income to 93000 Depreciation Expense 34000 22000 12000 4000 NI
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