Balancesheet of the company is given 
 

Assets BLUE SPRUCE INDUSTRIES INC. Statement of Financial Position December 31, 2023 Cash Accounts receivable Inventory Land Equipment Accumulated depreciation-equipment Total Liabilities and Shareholders' Equity Accounts payable Bonds payable Common shares Retained earnings Total December 31 2023 $22,200 124,000 228,000 89,000 272,000 (69,900) $665,300 $53,200 163,000 220,000 229,100 $665,300 2022 $35,200 56,000 196,000 116,000 207,000 (43,200) $567,000 $61,000 211,000 172,000 123,000 $567,000