answered 21 VS1 Points out of 2023 2022 3.00 Cash $50 $70 P Flag question Accounts receivable (net) 320 270 Buildings and equipment 200 150 Accumulated depreciation - buildings and equipment (36) (16) Chapter Land 180 80 Totals $714 $554 Accounts payable $180 $146 Notes payable - bank, long-term 0 80 Mortgage payable 60 0 Common stock, $10 par 418 318 Retained earnings 56 10 Totals $714 $554 Land worth $100 was acquired in exchange for common stock, par $100, during the year; all equipment purchased was with cash. Equipment costing $10 was sold for $12; book value of the equipment was $8. Cash dividends of $20 were charged to retained earnings and paid during the year; the transfer of net income to retained earnings was the only other entry in the Retained Earnings account. ere to search O Hi m a 90 38F ~9 6514