Current Attempt in Progress Shown below are comparative balance sheets for Sage Hill Company. Sage Hill Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $204,000 $ 66,000 Accounts receivable 264,000 228,000 Inventory 501,000 567,000 Land 240,000 300,000 Equipment 780,000 600,000 Accumulated depreciation-equipment (198,000 ) (96,000 ) Total $1,791,000 $1,665,000 Liabilities and Stockholders' Equity Accounts payable $117,000 $129,000 Bonds payable 450,000 600,000 Common stock ($1 par) 648,000 522,000 Retained earnings 576,000 414,000 Total $1,791,000 $1,665,000