Sheridan Corporation's comparative balance sheet is presented below. SHERIDAN CORPORATION Balance Sheet December 31 2024 2023 Cash Accounts receivable $4,600 $3,900 2,400 24,000 Inventory 9,200 7,200 Land 19,500 25,500 Buildings 70,000 70,000 Accumulated depreciation-buildings (13,000) (8,000) Total $92,700 $122,600 Accounts payable $11,480 $31,800 Common shares 75,000 69,000 Retained earnings 6,220 21,800 Total $92,700 $122,600 Sheridan's 2024 income statement included net sales of $140,000, cost of goods sold of $90,000, and profit of $18,000.