ments prepared as at December 31, 2023: Additional information: Dividends on common shares in the amount of $3,000 were declared and paid during 2023 . Dividends paid are treated as 1. financing activities. 2. Depreciation expense is included in operating expenses, as is salaries and wages expense of $71,000. 3. Equipment with a cost of $42,000 that was 70% depreciated was sold during 2023