Sheffield Corp. Comparative Balance Sheets December 31 Assets Cash $77,5202022$51,3002021 Accounts receivable 57,00066,120 Inventory 172,653161,880 Prepaid expenses 17,41923,940 Land 165,300148,200 Buildings 228,000228,000 Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Total Liabilities and Stockholders' Equity Accounts payable 1. Operating oipenses include depreciation expense of $47,880($22,800 of depceciation eopense for hudings and $25,080 for equipment). 2. Land was sold for cash at book value. 3. Cash dividends of $13,680 were paid. 4. Net income for 2022 was $42,180. 5. Equipment was purchased for $104,880 cash. in addition, equigment costing $25,040 with a book value of $11.400 was sold for $9,120 cash, 6. 45,600 shares of $1 par vatue common stock were issued in exchange for tand witha fair value of $45.600