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Financial statements for Sunland Company are given below: Sunland Company Balance Sheet January 1, 2021 Assets Equities Cash $ 961000 Accounts payable $ 450000

Financial statements for Sunland Company are given below: Sunland Company Balance Sheet January 1, 2021 Assets Equities Cash $ 961000 Accounts payable $ 450000 Accounts receivable 868000 Buildings and equipment 3570000 Accumulated depreciation- buildings and equipment (1220000) Common stock 2700000 Patents 434000 Retained earnings 1463000 $4613000 $4613000

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