Sunland Company reported the following information for 2022 Sunland Company Comparative Balance Sheets December 31 Assets 2022 2021 Change Increase/Decrease Cash $68,040 $36,250 $31,790 Increase Accounts receivable 61.900 21.810 40,090 Increase Inventory 44,110 -0- 44,110 Increase Prepaid expenses 6,030 4,010 2.020 Increase Land 54,890 69,300 14410 Decrease Buildings 200,420 200,420 -0- No Change Accumulated depreciation-buildings (20.805) (13.870) 6,935 Increase Equipment 181.270 67,510 113.760 Increase Accumulated depreciation-equipment (28.695) (10,030 ) 18.665 Increase Totals $567.160 $375,400 Liabilities and Stockholders' Equity Accounts payable $43,320 $40,150 $3,170 Increase Accrued expenses payable -0- 10,080 10.080 Decrease Bonds payable 100,980 150,840 49,860 Decrease Common stock ($1 par) 230,850 59.550 171,300 Increase Retained earnings 192.010 114,780 77.230 Increase Totals $567,160 $375,400 Sunland Company Income Statement For the Year Ended December 31, 2022 Sales revenue $947,640 Cost of goods sold $475,040 Operating expenses 231,230 Interest expense 12,110 Loss on disposal of plant assets. 2,000 720.380 Income before income taxes 227.260