Marigold Company Comparative Balance Sheets December 31 Assets 2022 Cash $ 72,800 Accounts receivable 86,500 2021 $33,200 70,700 Inventory 170,200 187,000 Land 72,700 100,700 Equipment 260,700 200,600 Accumulated depreciation-equipment (65,700) (33,500) Total $597,200 $558,700 $ 35,400 $ 46,500 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) 149,800 203,300 218,000 173,000 194,000 135,900 Retained earnings Total $597,200 $558,700 Additional information: 1. 2. 2 3. 4. Net income for 2022 was $103,600. Depreciation expense was $32,200. Cash dividends of $45,500 were declared and paid. Bonds payable amounting to $53,500 were redeemed for cash $53,500. Common stock was issued for $45,000 cash. No equipment was sold during 2022. Land was sold for its book value. 5. 6. 7. Marigold Company Statement of Cash Flows Adjustments to reconcile net income to >