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Presented here are the financial statements of Sunland Company.

$\backslash$begin$\{$tabular$\}\{|$l$|$l$|$l$|\}$

$\backslash$hline $\backslash$multicolumn$\{3\}\{|$c$|\}\{$SUNLAND COMPANY Comparative Balance Sheets December $31\}\backslash \backslash$

$\backslash$hline Assets & $2022$ & $2021\backslash \backslash$

$\backslash$hline Cash & $\backslash$$$37\mathrm{.}400$ & $\backslash$$$20,500\backslash \backslash$

$\backslash$hline Accounts receivable & $32,900$ & $18,100\backslash \backslash$

$\backslash$hline Inventory & $30,600$ & $20,000\backslash \backslash$

$\backslash$hline Property, plant, and equipment & $59,700$ & $77,900\backslash \backslash$

$\backslash$hline Accumulated depreciation & $\backslash ((29,100)\backslash )$ & $\backslash ((23,500)\backslash )\backslash \backslash$

$\backslash$hline Total & $\backslash$$$131,500$ & $\backslash$$$113,000\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{3\}\{|$l$|\}\{$Liabilities and Stockholders' Equity$\}\backslash \backslash$

$\backslash$hline Accounts payable & $\backslash$$$28,300$ & $\backslash$$ $16,500\backslash \backslash$

$\backslash$hline Income taxes payable & $7,500$ & $8,200\backslash \backslash$

$\backslash$hline Bonds payable & $27,900$ & $32,800\backslash \backslash$

$\backslash$hline Common stock & $18,600$ & $14,200\backslash \backslash$

$\backslash$hline Retained earnings & $49,200$ & $41,300\backslash \backslash$

$\backslash$hline Total & $\backslash$$$131,500$ & $\backslash$$$113,000\backslash \backslash$

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$\backslash$end$\{$tabular$\}$

SUNLAND COMPANY

Income Statement

For the Year Ended December $31,2022$ SUNLAND COMPANY Income Statement For the Year Ended December $31,2022$

Additional data:

$1.$ Depreciation expense was $\backslash (\backslash$$ $17,100\backslash ).$

$2.$ Dividends declared and paid were $\backslash (\backslash$$ $22,580\backslash ).$

$3.$ During the year, equipment was sold for $\backslash (\backslash$$ $6,700\backslash )$ cash. This equipment originally cost $\backslash (\backslash$$ $18,200\backslash )$ and had accumulated depreciation of $\backslash$$$11,500$ at the time of sale.

$4.$ Bonds were redeemed at their carrying value.

$5.$ Common stock was issued at par for cash.

SUNLAND COMPANY

Statement of Cash Flows

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Adjustments to reconcile net income to

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Attempts: $0$ of $1$ used