Sunland Company has these comparative balance sheet data: Sunland Company Balance Sheets December 31 2022 2021 Cash $3,000 $30,000 Accounts receivable (net) 71,000 59,000 Inventory 61,000 50,000 Plant assets (net) 202,000 181,000 $350,000 $320,000 Accounts payable $50,000 $59,900 Bonds payable (15%) 107,000 107,000 Common stock, $10 par 138,000 124,500 Retained earnings 55,000 28,600 $350,000 $320,000 Additional information for 2022: 1. Net income was $24,500. 2. Sales on account were $409,200. Sales returns and allowances amounted t