Chapter 13 Financial Statement Problem [Extra Credit - 10 Points] Information for Happiness, Inc, is listed below. Use the below information to complete the following items: 1) Multiple Step Income Statement for the Year ended December 31,2022 2) Statement of Stockholders' Equity for the Year ended December 31,2022 3) Comparative Balance Sheet for December 31, 2022 \& 2021 4) Statement of Cash Flows for the Year ended December 31, 2022 \begin{tabular}{|c|c|c|} \hline Land & 8,000,000 & - \\ \hline Supplies expense & 80,000 & \\ \hline Accumulated Depreciation, Equipment & (1,700,105) & (1,300,000) \\ \hline Gain on sale of Equipment & 65,210 & \\ \hline Unearned Revenue & 524,000 & - \\ \hline Loss on Sale of Investments & (110,790) & \\ \hline Prepaid Insurance & 1,500,000 & 890,000 \\ \hline Accounts Receivable & 3,560,000 & 2,105,000 \\ \hline Dividends Payable & 550,000 & 625,200 \\ \hline Retained Earnings & 10,372,605 & 3,500,000 \\ \hline \multicolumn{3}{|l|}{ Additional Information for the Cash Flow Statement: } \\ \hline \multicolumn{3}{|l|}{ 1) Cash received from the sale of investments was $2,500,000} \\ \hline \multicolumn{3}{|l|}{ 2) Cash used to purchase new equipment was $3,145,210} \\ \hline \multicolumn{3}{|l|}{ 3) Cash used to purchase new machine was $220,000} \\ \hline \multicolumn{2}{|l|}{ 4) Cash received from the sale of equipment was $1,930,420} & . \\ \hline 5) Cash used to purchase land was $8,000,000 & % & \\ \hline 6) Dividends declared were $275,000 & & \\ \hline \multirow{2}{*}{\multicolumn{2}{|c|}{\begin{tabular}{l} 7) Cash used to pay down note payable was $300,000 \\ 8) The company issued additional shares of common st \end{tabular}}} & \\ \hline & & \\ \hline \end{tabular}