Coronado Corporation's comparative balance sheets are as follows. CORONADO CORPORATION Comparative Balance Sheets December 31 2022 2021 Cash $16,900 $17,700 Accounts receivable 25,000 22,200 Investments 20,050 15,850 Equipment 59,850 70,050 Accumulated depreciation-equipment (14,250) (10,000) Total $107,550 $115,800 Accounts payable $14,750 $11,050 Bonds payable 10,200 30,200 Common stock 50,500 45,100 Retained earnings 32,100 29,450 Total $107,550 $115,800 Additional information: 1. Net income was $18,250. Dividends declared and paid were $15,600. 2. Equipment which cost $10,200 and had accumulated depreciation of $1,700 was sold for $3,700. 3. No noncash investing and financing activities occurred during 2022. 4. Bonds were retired at their carrying value.