solve balance sheet, statement of retained earnings, income statement, and trial balance.

Sandhill Corporations trial balance at December 31, 2022, is presented below. All 2022 transactions have been recorded except for the items described below.

		Debit		Credit
Cash		$24,990
Accounts Receivable		49,980
Inventory		22,246
Land		63,700
Buildings		93,100
Equipment		39,200
Allowance for Doubtful Accounts				$441
Accumulated DepreciationBuildings				29,400
Accumulated DepreciationEquipment				14,112
Accounts Payable				18,914
Interest Payable				0
Dividends Payable				0
Unearned Rent Revenue				7,840
Bonds Payable (10%)				49,000
Preferred Stock ($20 par)				0
Paid-in Capital in Excess of ParPreferred Stock				0
Common Stock ($10 par)				29,400
Paid-in Capital in Excess of ParCommon Stock				5,880
Retained Earnings				73,549
Treasury Stock		0
Cash Dividends		0
Sales Revenue				558,600
Rent Revenue				0
Bad Debt Expense		0
Interest Expense		0
Cost of Goods Sold		392,000
Depreciation Expense		0
Other Operating Expenses		38,220
Salaries and Wages Expense		63,700
Total		$787,136		$787,136

Unrecorded transactions and adjustments:

1.		On January 1, 2022, Sandhill issued 980 shares of $20 par, 6% preferred stock for $21,560.
2.		On January 1, 2022, Sandhill also issued 980 shares of common stock for $22,540.
3.		Sandhill reacquired 294 shares of its common stock on July 1, 2022, for $49 per share.
4.		On December 31, 2022, Sandhill declared the annual cash dividend on the preferred stock and a $1.50 per share dividend on the outstanding common stock, all payable on January 15, 2023.
5.		Sandhill estimates that uncollectible accounts receivable at year-end are $4,998.
6.		The building is being depreciated using the straight-line method over 30 years. The salvage value is $4,900.
7.		The equipment is being depreciated using the straight-line method over 10 years. The salvage value is $3,920.
8.		The unearned rent was collected on October 1, 2022. It was receipt of 4 months rent in advance (October 1, 2022 through January 31, 2023).
9.		The 10% bonds payable pay interest every January 1. The interest for the 12 months ended December 31, 2022, has not been paid or recorded.