Shown below are comparative statements of financial position for Swifty Corporation. SWIFTY CORPORATION Statement of Financial Position December 31 Assets 2022 2021 Cash $78,880 $25,520 Accounts receivable 98,600 88,160 Inventory 197,200 219,240 Land 92,800 116,000 Equipment 301,600 232,000 Accumulated depreciation - equipment (76,560) (37,120) $692,520 $643,800 Liabilities and Shareholders' Equity Accounts payable $45,240 $54,520 Bonds payable 174,000 232,000 Common shares 250,560 201,840 Retained earnings 222,720 155,440 $692,520 $643,800