Shown below are comparative balance sheets for Mitch Company. Mitch Company Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Land Equipment Accumulated depreciation-equipment 2022 $ 68,000 2021 $ 22,000 88,000 76,000 167,000 189.000 80,000 100,000 260,000 200,000 (66,000) (32,000) $597,000 $555,000 Total Liabilities and Stockholders' Equity Accounts payable $ 39,000 $43.000 Bonds payable 150.000 200,000 Common stock ($1 par) 216,000 174,000 Retained earnings 192.000 138,000 Total $597,000 $555.000