Question 30 (20 points) The comparative balance sheets for Dingdong Corporation appear below: DINGDONG CORPORATION Comparative Balance Sheet Dec. 31, 2020 Cash...... Accounts receivable..... Prepaid expenses.... Inventory......... Equipment.... Accumulated depreciation-equipment... Total assets.... Dec. 31, 2021 Assets $ 68,200 10,000 9,000 32,900 30,000 (17,000) $ 133, 100 $ 20,800 16,300 6,000 30,200 60,000 (19,800) $ 113,500 Liabilities and Shareholders' Equity Accounts payable. $ 5,600 Bonds payable. 50,000 Common shares........ 23,000 Retained earnings..... 54,500 Total liabilities and shareholders' equity............. $ 133,100 $ 15,000 40,000 23,000 35,500 $ 113,500 Additional information: 1. Profit for the year ending December 31, 2021 was $ 39,000. 2. Cash dividends of $ 20,000 were declared and paid during the year. 3. Equipment with cost of $ 30,000 and accumulated depreciation of $ 11,500 was sold for proceeds of $ 22,000. 4. Depreciation of property, plant and equipment for the year was properly recorded at $ 8.700