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Bonita Industries's balance sheet accounts as of December 31, 2021 and 2020 and information relating to 2018 activities are presented below. December 31, 2021 2020
Bonita Industries's balance sheet accounts as of December 31, 2021 and 2020 and information relating to 2018 activities are presented below. December 31, 2021 2020 Assets Cash $ 439000 $ 199000 Short-term investments 602000 Accounts receivable (net) 1020000 1020000 Inventory 1390000 1210000 Long-term investments 402000 602000 Plant assets 3420000 1980000 Accumulated depreciation 902000) (902000) Patent 178000 202000 Total assets $6549000 $4311000 Liabilities and Stockholders' Equity Accounts payable and accrued liabilities $1640000 $1440000 Notes payable (nontrade) 579000 Common stock. $10 par 1657000 1410000 Additional paid-in capital 799000 499000 Retained earnings 1874000 962000 Total liabilities and stockholders equity $6549000 $4311000 Information relating to 2021 activities: Net income for 2021 was $1510000. Cash dividends of $598000 were declared and paid in 2021. Equipment costing $1010000 and having a carrying amount of $321000 was sold in 2021 for $361000. A long-term investment was sold in 2021 for $321000. There were no other transactions affecting long-term investments in 2021. 24700 shares of common stock were issued in 2021 for $25 a share. Short-term investments consist of treasury bills maturing on 6/30/22. Net cash provided by Bonita's 2021 financing activities was $1196500. $1794500. $638500. $598500
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