fx Yardley Company 1 Liabilities and Stockholder's Equity 2 Accounts payable 3 Income taxes payable 4 Bonds payable 5 Common stock 16 Retained earnings Total \begin{tabular}{rr|} 50,000 & 38,000 \\ \hline$126,000 & $108,000 \\ \hline \end{tabular} Yardley Company Income Statement For the Year Ended Dechmber 31, 2020 Less: $242,000 Yardley Company Income Statement For the Year Ended December 31, 2020 Additional information: 1. During the year equipment originally costing $20,000 was sold for $8,000 cash 2. All depreciation expense, of 514,500 , is in the operating expenses. fx Yardley Company 1 Liabilities and Stockholder's Equity 2 Accounts payable 3 Income taxes payable 4 Bonds payable 5 Common stock 16 Retained earnings Total \begin{tabular}{rr|} 50,000 & 38,000 \\ \hline$126,000 & $108,000 \\ \hline \end{tabular} Yardley Company Income Statement For the Year Ended Dechmber 31, 2020 Less: $242,000 Yardley Company Income Statement For the Year Ended December 31, 2020 Additional information: 1. During the year equipment originally costing $20,000 was sold for $8,000 cash 2. All depreciation expense, of 514,500 , is in the operating expenses