BRAMBLE INDUSTRIESINC. Statement of Financial Position December 31, 2023 \begin{tabular}{|c|c|c|} \hline \multirow[b]{2}{*}{ Assets } & \multicolumn{2}{|c|}{ December 31} \\ \hline & 2023 & 2022 \\ \hline Cash & $21,600 & $34,600 \\ \hline Accounts receivable & 112,000 & 55,800 \\ \hline Inventory & 222,000 & 203,000 \\ \hline Land & 76,000 & 113,000 \\ \hline Equipment & 278,000 & 213,000 \\ \hline Accumulated depreciation-equipment & (70.800) & (43,700) \\ \hline Total & $638,800 & $575,700 \\ \hline \multicolumn{3}{|l|}{ Liabilities and Shareholders' Equity } \\ \hline Accounts payable & $52,700 & $60,100 \\ \hline Bonds payable & 159,300 & 210,300 \\ \hline Commonshares & 234,000 & 183,000 \\ \hline \end{tabular} Adjustments to reconcile net income to net cash provided by operating activities: $ Additional information: 1. Net income for the fiscal year ended December 31,2023 , was $132,000. 2. Cash dividends of $61.500 were declared and paid. Dividends paid are treated as financing activities. 3. Bonds payable amounting to $51,000 were retired through the issuance of common shares: 4. Land was sold at a gain of $6,000. 5. No equipment was sold during the year