FLOUNDER CORPORATION Statement of Financial Position December 31 Assets 2022 2021 Cash $63,920 $20,680 Accounts receivable 79,900 71,440 Inventory 159,800 177,660 Land 75,200 94,000 Equipment 244,400 188,000 Accumulated depreciation - equipment (62,040) (30,080) $561,180 $521,700 Liabilities and Shareholders' Equity Accounts payable $36,660 $44,180 Bonds payable 141,000 188,000 Common shares 203,040 163,560 Retained earnings 180,480 125,960 $561,180 $521,700