Cashitin Co's comparative balance sheet at the beginning and end of this year are presented below. (Note: LT stands for long-term). 12/31/X2 12/31x1 12/31/X2 12/31/X1 720,000 700,000 Bonds Pay Cash Acc Rec Merch Inv Prepaid Exps LIT Investments Plant Assets Accum Depr Total Acc Pay 346.000 200.000 510,000 Dividends Pay 510.000 680.000 LT Note Pay 300.000 Com St, $10 par 300.000 200,000 Add PIC 1.700.000 1,000,000 Ret Earns -460.000-350.000 3,376,000 2,260,000 Treasury Stock Total 775.000 50.000 325.000 50,000 800,000 390,000 986,000 100.000 700,000 250.000 540,000 -50.000 2.260.000 3.376.000 b c d Net income was $686.000 Equipment costing $400,000 and having a carrying amount of $150,000 was sold for $185.000 10.000 shares of common stock were issued for $22 a share Sold all shares of treasury stock for $70,000 Bonds were retired at 108 Cashitin Co's comparative balance sheet at the beginning and end of this year are presented below. (Note: LT stands for long-term). 12/31/X2 12/31x1 12/31/X2 12/31/X1 720,000 700,000 Bonds Pay Cash Acc Rec Merch Inv Prepaid Exps LIT Investments Plant Assets Accum Depr Total Acc Pay 346.000 200.000 510,000 Dividends Pay 510.000 680.000 LT Note Pay 300.000 Com St, $10 par 300.000 200,000 Add PIC 1.700.000 1,000,000 Ret Earns -460.000-350.000 3,376,000 2,260,000 Treasury Stock Total 775.000 50.000 325.000 50,000 800,000 390,000 986,000 100.000 700,000 250.000 540,000 -50.000 2.260.000 3.376.000 b c d Net income was $686.000 Equipment costing $400,000 and having a carrying amount of $150,000 was sold for $185.000 10.000 shares of common stock were issued for $22 a share Sold all shares of treasury stock for $70,000 Bonds were retired at 108