Question 13 Sunland Company's balance sheet accounts as of December 31, 2021 and 2020 and information relating to 2021 activities are presented below. December 31, 2021 2020 S 198000 $ 440000 602000 1020000 1400000 402000 3420000 (901000) Assets Cash Short-term investments Accounts receivable (net) Inventory Long-term investments Plant assets Accumulated depreciation Patent Total assets Liabilities and Stockholders' Equity Accounts payable and accrued liabilities Notes payable (nontrade) Common stock, $10 par Additional paid-in capital Retained earnings Total liabilities and stockholders equity 1020000 1190000 598000 2010000 (901000) 200000 $4315000 182000 $6565000 $1450000 $1670000 578000 1670000 802000 1845000 S6565000 1420000 499000 946000 5 4315000 Information relating to 2021 activities: Net income for 2021 was $1500000. Cash dividends of $601000 were declared and paid in 2021. Equipment costing $980000 and having a carrying amount of $321000 was sold in 2021 for $361000. A long-term investment was sold in 2021 for $321000. There were no other transactions affecting long-term investments in 2021. 25000 shares of common stock were issued in 2021 for $25 a share. Short-term investments consist of treasury bills maturing on 6/30/22 Net cash provided by Sunland's 2021 operating activities was O $1500000 $2102000. $2062000. O $2022000