A comparative statement of financial position for Riverbed Industries Inc. follows: RIVERBED INDUSTRIES INC. Statement of Financial Position December 31, 2020 December 31 Assets 2020 2019 Cash Accounts receivable Inventory Land Equipment Accumulated depreciation equipment $21,300 122,000 240,000 87,000 270,000 (70,800 ) $669,500 $34,300 55,300 198,000 114,000 208,000 (44,000 ) $565,600 Total Liabilities and Shareholders' Equity Accounts payable Bonds payable Common shares Retained earnings $53,600 150,600 233,000 232,300 $669,500 $59,900 207,600 176,000 122,100 $565,600 Total Additional information: 1. 2. 3. Net income for the fiscal year ending December 31, 2020, was $133,000. Cash dividends of $22,800 were declared and paid. Dividends paid are treated as financing activities. Bonds payable amounting to $57,000 were retired through issuance of common shares. Land was sold at a gain of $4,000. No equipment was sold during the year. 4. 5. RIVERBED INDUSTRIES INC. Statement of Cash Flows Adjustments to reconcile net income to net cash provided by operating activities: $ During the year, Riverbed retired $ in bonds payable by issuing common shares