Question 30 (20 points) The comparative balance sheets for Dingdong Corporation appear below. DINGDONG CORPORATION Comparative Balance Sheet Dec 31 2021 Dec 31, 2020 Cash Assets $ 68,200 $ 20,800 Accounts receivable. 10,000 Prepaid expenses. 16,300 9,000 Inventory 6,000 32,900 30.200 Equipment... 30,000 Accumulated depreciation 60,000 equipment. (17000) (19 800) Total assets. $ 133.100 $ 113,500 Liabilities and Shareholders' Equity Accounts payable. $ 5,600 $ 15,000 Bonds payable. 50,000 40,000 Common shares 23,000 23,000 Retained earnings 54.500 35,500 Total liabilities and shareholders' equity $ 133 100 $ 113,500 Additional information 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 Question 30 (20 points) The comparative balance sheets for Dingdong Corporation appear below. DINGDONG CORPORATION Comparative Balance Sheet Dec 31, 2021 Dec 31, 2020 Cash Assets $ 68,200 Accounts receivable $ 20,800 10,000 Prepaid expenses. 16,300 9,000 Inventory. 6,000 32,900 30,200 Equipment 30,000 60,000 Accumulated depreciation equipment. (17000) Total assets.... (19.800) $ 133 100 $ 113,500 Liabilities and Shareholders' Equity Accounts payable. $ 5,600 $ 15,000 Bonds payable.... 50,000 40,000 Common shares. 23,000 23,000 Retained earnings.. 54.500 35,500 Total liabilities and shareholders' equity $ 133 100 $ 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 S 22.000 Question 30 (20 points) The comparative balance sheets for Dingdong Corporation appear below. DINGDONG CORPORATION Comparative Balance Sheet Dec 31 2021 Dec 31, 2020 Cash Assets $ 68,200 $ 20,800 Accounts receivable. 10,000 Prepaid expenses. 16,300 9,000 Inventory 6,000 32,900 30.200 Equipment... 30,000 Accumulated depreciation 60,000 equipment. (17000) (19 800) Total assets. $ 133.100 $ 113,500 Liabilities and Shareholders' Equity Accounts payable. $ 5,600 $ 15,000 Bonds payable. 50,000 40,000 Common shares 23,000 23,000 Retained earnings 54.500 35,500 Total liabilities and shareholders' equity $ 133 100 $ 113,500 Additional information 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 Question 30 (20 points) The comparative balance sheets for Dingdong Corporation appear below. DINGDONG CORPORATION Comparative Balance Sheet Dec 31, 2021 Dec 31, 2020 Cash Assets $ 68,200 Accounts receivable $ 20,800 10,000 Prepaid expenses. 16,300 9,000 Inventory. 6,000 32,900 30,200 Equipment 30,000 60,000 Accumulated depreciation equipment. (17000) Total assets.... (19.800) $ 133 100 $ 113,500 Liabilities and Shareholders' Equity Accounts payable. $ 5,600 $ 15,000 Bonds payable.... 50,000 40,000 Common shares. 23,000 23,000 Retained earnings.. 54.500 35,500 Total liabilities and shareholders' equity $ 133 100 $ 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 S 22.000