Old MathJax webview

Oriole Company's comparative balance sheets are presented below. Oriole Company Comparative Balance Sheets December 31 2022 2021 Cash $ 15,000 $ 10,000 Accounts receivable 21,300 23,400 Land 20,400 25,700 Buildings 70,100 76,100 Accumulated depreciation-buildings (15,000) (10.900) Total $111,800 $118,300 Accounts payable $ 12,400 $ 30,600 Common stock 74,000 70,400 Retained earnings 25,400 17,800 IN $ 118,300 Total $111,800 Additional information:. Net income was $23,100. Dividends declared and paid were $15.000. 2. No noncash investing and financing activities occurred during 2022. 3. The land was sold for cash of $5,000