Current Attempt in Progress The following three accounts appear in the general ledger of Sunland Corp. during 2022. Date Jan. 1 Balance July 31 Purchase of equipment Sept. 2 Purchase of equipment Nov. 10 Cost of equipment sold Equipment Debit Credit Balance 160,500 71,900 232,400 51,100 283,500 51,700 231,800 Accumulated Depreciation-Equipment Date Debit Credit Balance Jan. 1 Balance 69,100 Nov. 10 Accumulated depreciation on equipment sold 16,600 52,500 Dec. 31 Depreciation for year 23,300 75,800 Date Jan. 1 Balance Aug. 23 Dividends (cash) Dec. 31 Net income Retained Earnings Debit Credit Balance 105,100 19,000 86,100 67,000 153,100