Please help me understand this.

The following are comparative balance sheets for Lilv Companv. Additional information: 1. Net income for 2022 was $103,900, 2. Depreciation expense was $31.500. 3. Cash dividends of $41,200 were declared and paid. 4. Bonds payable with a carrying value of $53,900 were redeemed for $53,900 cash 6. No equipment was sold during 2022. 7. Land was sold for its book value