Presented below is information for 2022 and 2021 related to the operations of Sunland Electronics. \begin{tabular}{lr} Sales & \multicolumn{1}{c}{2022} \\ Cost of goods sold & $280,120 \\ \hline Gross profit & 136,300 \\ \hline Depreciation expense & 143,820 \\ \hline Other operating expenses & 107,160 \\ \hline Income from operations & 28,576 \\ \hline Loss on equipment disposal & 1,316 \\ \hline Income before income taxes & 27,260 \\ \hline Income tax expense & 9,212 \\ \hline Net income \end{tabular} Additional information: 2. In 2022, sunland declured and paid a cash dividend of $16,168 b. The company bsued $32,900 of bondr at a discount for cash e. twith a cost of $15,980 and a book value of $4042 was sold for cash New equipment was acquired for cach. d. The company ksuedstock for canh. e. Prepaid expenses pertain to operating expenses; accounts pavable is only ised for merchandise purchases. Sunland Electronics Statement of Cash Flows $ Adjustments to reconcile net income to $