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Accounts receivable Cash and cash equival COGS Comm 8.000 20,000 1300 Defired re Depreciation 1,000 Dividend 2,500 Equipment 16,000 General and administrative expe 3,500 Income

Accounts receivable Cash and cash equival COGS Comm 8.000 20,000 1300 Defired re Depreciation 1,000 Dividend 2,500 Equipment 16,000 General and administrative expe 3,500 Income from discontinued operations, net of as 1200 2,000 come tax expense 600 become taxes payable Interest expeme 400 400 Interest payable 7,600 Inventory Investment in stocks (plan to sell after 2025) 6,700 Notes payable (due 12/31/2023) 12,000 Prepaid Insurance 400 Restricted cash to pay notes payable in 2024 100 4,500 Retained earnings 35,000 Sales revenue 4,500 Selling expenses 79,400 79,400 Additional information: Beginning common stock was $10,000. Par value of the common stock was $10 per share, Beginning retained earnings were $4,500. Market price per share as of December 31, 2021 was $20

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