Bonita Industries's balance sheet accounts as of December 31, 2021 and 2020 and information relating to 2021 activities are presented below.

	December 31,
	2021		2020
Assets
Cash	$ 442000		$ 200000
Short-term investments	601000
Accounts receivable (net)	1020000		1020000
Inventory	1360000		1180000
Long-term investments	398000		600000
Plant assets	3410000		2000000
Accumulated depreciation	(902000)		(902000)
Patent	178000		199000
Total assets	$6507000		$4297000
Liabilities and Stockholders' Equity
Accounts payable and accrued liabilities	$1680000		$1460000
Notes payable (nontrade)	581000
Common stock, $10 par	1638000		1410000
Additional paid-in capital	799000		498000
Retained earnings	1809000		929000
Total liabilities and stockholders' equity	$6507000		$4297000

Information relating to 2021 activities: Net income for 2021 was $1480000. Cash dividends of $600000 were declared and paid in 2021. Equipment costing $1020000 and having a carrying amount of $318000 was sold in 2021 for $358000. A long-term investment was sold in 2021 for $318000. There were no other transactions affecting long-term investments in 2021. 22800 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 Bonitas 2021 operating activities was

$2167000.

$1480000.

$2127000.

$2087000.