Assets 12/31/2022 Year-End Balance Sheet S(Your team will need to Cash: Inventory: Land: Buildings Less: Accumulated Depreciation (Real Property) Net Book Value (Buildings) Stock in Connect Corp. U.S. Treasury Stock State of Texas Bonds Zinimar Corp. Bonds County of Santa Clara, CA Bonds Pre-Paid Federal Inc. Tax New Restaurant POS Computer Hardware System (Cost) Less: Accumulated Depreciation (Personal Property) Net Book Value (Personal Property) Liabilities None Shareholders' Equity calculate year-end cash) $76,665 $ 150,000 $2,000,000 $ (30,000) $1,970,000 $87,000 $21,000 $ 36,020 $13,000 $9,000 $ 1,200,000 $245,000 $ (1,700) $ 229,300 Common Stock Retained Earnings - Unappropriated (Your team will need to calculate year-end retained earnings) $560,000 *2022 Federal estimated taxes were paid in 2022. They were paid in four installments as follows: $300,000 on 4/13/21; $300,000 on 6/10/21; $300,000 on 9/10/21 and $300,000 on 12/10/21. Purchased and placed in service on 7/15/22. Camellias System elects to take the maximum cost recovery on hi asset in 2022 under IRC Sect. 179. Even if applicable, they elect out of first-year bonus depreciation.