Sunland Corporation's comparative balance sheets are as follows. SUNLAND CORPORATION Comparative Balance Sheets December 31 2022 2021 Cash $ 16,900 $ 17,200 Accounts receivable 24,900 22,300 Investments 19.950 16,050 Equipment 59.750 70,050 Accumulated depreciation-equipment (13,950) (10,100) Total $ 107,550 $ 115,500 Accounts payable $14,350 $ 11,150 Bonds payable 10,100 30,200 Common stock 50,400 45.100 Retained earnings 32,700 29.050 Total $107.550 $ 115,500 Additional information: 1 Net income was $18.450. Dividends declared and paid were $ 14,800 2 Equipment which cost $ 10,300 and had accumulated depreciation of $ 2.100 was sold for $3,400, 3 No noncash investing and financing activities occurred during 2022 4. Bonds were retired at their carrying value SUNLAND CORPORATION Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Cash Flows from Operating Activities Depreciation Expense Sale of Equipment > v