Oriole Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $74,800 $ 24,200 Accounts receivable 96,800 83,600 Inventory 183,700 207,900 Land 88,000 110,000 Equipment 286,000 220,000 Accumulated depreciation equipment (72,600) (35,200) Total $656,700 $610,500 Liabilities and Stockholders' Equity Accounts payable $ 42,900 $ 47,300 Bonds payable 165,000 220,000 Common stock ($1 par) 237,600 191,400 Retained earnings 211,200 151,800 Total $656,700 $610,500 Additional information: 1. Net income for 2022 was $102,300. 2. Depreciation expense was $37,400. 3. Cash dividends of $42,900 were declared and paid. 4. Bonds payable amounting to $55,000 were redeemed for cash $55,000. 5. Common stock was issued for $46,200 cash. 6. No equipment was sold during 2022. 7. Land was sold for its book value. Oriole Company Statement of Cash Flows Adjustments to reconcile net income to 5 JONI > > > > >