A comparative balance sheet for Strickland's Hardware Inc. is presented below. Strickland's Hardware Inc. Balance Sheet As of December 31 2012 22,000 ASSETS 2020 Cash $ 72,482 S Accounts receivable, net 83.779 68,297 Inventory 181.779 191,297 Equipment 258 221 197.703 Accumulated depreciation - Equipment (70,779) (44,297) Land 72.779 112,297 Total assets S 598.261 $$47.297 LIABILITIES Accounts payable 35,779 $ 49.297 Bonds payable 150,000 200.000 Total liabilities 185,779 249.297 STOCKHOLDERS' EQUITY Common Stock Il pa, 214,000 and 160.000 214,000 164,000 aadidasan D12120 2019 respectively Retained caming 198.482 134,000 Total equity 412.482 298,000 Total liabilities & stockholders' equity S 598 261 S 547,297 Additional information: 1) Net income for 2020 was $128.558. 2) Cash dividends of S64.076 were declared and paid 3) Bonds payable amounting to $50,000 were retired through issuance of common stock 4) Sold quipment with an original cost of $3,000 and accumulated depreciation of $1.000 for $1.500