Chapter 13 Financial Statement Problen [Extra Credit - 10 Pointe] Information for Happiness, Inc. is listed below. Use the below information to comple te the following items: 1) Multiple Step Income Statement for the Year ended December 31,2022 2) Statement of Stockholders' Equity for the Yearended December 31, 2022 3) Comparative Balance Sheet for December 31, 2022&2021 4) Statement of Cash Flows for the Year ended December 31,2022 \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Happiness, Ine. } \\ \hline \multicolumn{3}{|c|}{ Financial Statemen + Problen } \\ \hline \multicolumn{3}{|c|}{ Decenber 31, 2022 and 2021} \\ \hline & Dec 31, 2022 & Dec 31, 2021 \\ \hline \begin{tabular}{|l|l|} Note Payable \\ \end{tabular} & 2,700,000 & 3,000,000 \\ \hline Equipment & 4,280,000 & 3,000,000 \\ \hline Wherchandise Inventory & 6,000,000 & 6,529,000 \\ \hline Paid in Copital & 589.200 & 425.000 \\ \hline Accumulated Depreciation, Machine & (1,515,600) & (1,200,000) \\ \hline Cosh & 3,522,810 & 3,316,110 \\ \hline Accounts Payable & 4,100,600 & 4,890,000 \\ \hline Long-Term Investments & - & 2,610,790 \\ \hline Salaries Payable & 2,210,700 & 2,300,700 \\ \hline Office Supplies & 525,000 & 810,000 \\ \hline Machine & 2,200,000 & 1,980,000 \\ \hline \begin{tabular}{|l|l|} Common Stock \\ \end{tabular} & 5,325,000 & 4,000,000 \\ \hline Land & 8,000,000 & - \\ \hline Accumulated Depreciation, Equipment & (1,700,105) & (1,300,000) \\ \hline Uneamed Revenue & 524,000 & - \\ \hline Prepaid Insumance & 1,500,000 & 890,000 \\ \hline Accounts Receivable & 3,560,000 & 2,105,000 \\ \hline Dividends Payable & 550,000 & 625,200 \\ \hline Retained Earnings & 10,372,605 & 3,500,000 \\ \hline \end{tabular} Additional Information for the Cash Flow Statement: 1) Cash received from the sale of investments was $2,500,000 2) Cash used to purchose new equipment was $3,145,210 3) Cash used to purchase new machine was $220,000 4) Cash received from the sale of equipment was $1,930,420 5) Cash used to purchase land wos $8,000,000 6) Dividends declared were $275,000 7) Cash used to pay down note payable was $300,000 8) The company issued additional shares of common stock