Carla Vista Shoes comparative balance sheet is presented below. Carla Vista reports under ASPE.

CARLA VISTA SHOES Balance Sheet December 31
Assets		2021			2020
Cash		$25,380			$15,930
Accounts receivable		21,780			20,070
Long-term investments		20,700			14,400
Equipment		54,000			63,000
Accumulated depreciationequipment		(12,600	)		(9,000	)
Total		$109,260			$104,400
Liabilities and Shareholders Equity
Accounts payable		$17,640			$9,990
Notes payable		9,000			27,000
Common shares		54,000			40,500
Retained earnings		28,620			26,910
Total		$109,260			$104,400

Additional Information:
1.		Profit was $25,470. Dividends declared and paid were $23,760.
2.		Equipment that cost $9,000 and had accumulated depreciation of $1,080 was sold for $3,870.
3.		All other changes in non-current account balances had a direct effect on cash flows, except the change in accumulated depreciation.