es The following information is provided for the Waif Corporation. Assets Cash Accounts receivable Inventory Land Plant and equipment Less: Accumulated depreciation Net plant and equipment Total assets Liabilities and Equity Accounts payable Balance Sheets Bonds payable Common stock Retained earnings Total liabilities and shareholders' equity During 20XX, the following occurred: 1. Net income was $91,000. 2. Bonds were retired by issuing new common stock. 3. No equipment was sold. 4. Cash dividends were paid. December 31, 20XX $54,500 64,800 142, 200 60,000 206,000 55,000 151,000 $472,500 $27,000 118,000 170,000 157,500 $472,500 December 31, 20XW 158,000 33,000 $17,400 52,200 149,300 87,000 125,000 $430,900 37,000 158,000 130,000 105,900 $430,900

The following information is provided for the Waif Corporation. During 20x, the following occurred: 1. Net income was $91,000. 2. Bonds were retired by issuing new common stock. 3. No equipment was sold. 4. Cash dividends were pald. The following information is provided for the Waif Corporation. During 20x, the following occurred: 1. Net income was $91,000. 2. Bonds were retired by issuing new common stock. 3. No equipment was sold. 4. Cash dividends were pald