Question: Current Attempt in Progress The comparative statement of financial position of Ayayai Corporation as at December 31, 2023, follows: Net income of $38,000 was reported

 Current Attempt in Progress The comparative statement of financial position ofAyayai Corporation as at December 31, 2023, follows: Net income of $38,000

Current Attempt in Progress The comparative statement of financial position of Ayayai Corporation as at December 31, 2023, follows: Net income of $38,000 was reported and dividends of $13,400 were declared and paid in 2023. New equipment was purchased, and equipment with a carrying value of $4,600 (cost of $11,600 and accumulated depreciation of $7,000 ) was sold for $7,700. hesis e. 4

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