Comparative balance sheets are presented below for Winnie Corporation for the last two years at December $31.$

$20232022$

Assets

Cash $$83,000$ $$72,000$

Accounts receivable $73,00056,000$

Inventories $165,000175,000$

Land $71,000100,000$

Equipment $175,000130,000$

Less: Accumulated

Depreciation $-74,000-62,000$

Total $$493,000$ $$471,000$

Liabilities and Stockholders' Equity

Accounts payable $$24,000$ $$32,000$

Bonds payable $125,000150,000$

Common stock $201,000176,000$

Retained earnings $143,000113,000$

Total $$493,000$ $$471,000$

Additional information:

Net income for $2023$ was $$100,000,$ cash dividends of $$70,000$ were declared and paid, no equipment was sold, no land was purchased, but land was sold for $$65,000,$ bonds payable amounting to $$25,000$ were retired through the issuance of common stock. Depreciation expense for $2023$ was $$12,000.$