Shown below are comparative statements of financial position for Whispering Winds Corporation. WHISPERING WINDS CORPORATION Statement of Financial Position December 31 Assets 2022 2021 Cash $80,240 $25,960 Accounts receivable 100,300 89,680 Inventory 200,600 223,020 Land 94,400 118,000 Equipment 306,800 236,000 Accumulated depreciation - equipment (77,880 ) (37,760 ) $704,460 $654,900 Liabilities and Shareholders' Equity Accounts payable $46,020 $55,460 Bonds payable 177,000 236,000 Common shares 254,880 205,320 Retained earnings 226,560 158,120 $704,460 $654,900