Sunland Corporations trial balance at December 31, 2021, is presented below.

SUNLAND CORPORATION Trial Balance December 31, 2021
	Debit		Credit
Cash	$ 48,000
Accounts receivable	51,000
Allowance for doubtful accounts			$ 2,500
Merchandise inventory	22,700
Investment in associate	85,000
Investment at FVTOCIequity	30,000
Land	90,000
Building	200,000
Accumulated depreciationbuilding			40,000
Equipment	40,000
Accumulated depreciationequipment			15,000
Accounts payable			18,775
Income tax payable			4,500
Bonds payable (6%, due January 1, 2026)			126,025
Common shares, unlimited number of no par value shares authorized, 100,000 issued			100,000
Retained earnings			110,775
Accumulated other comprehensive income			5,000
Sales			750,000
Cost of goods sold	370,000
Operating expenses	180,000
Interest revenue			375
Interest expense	6,250
Income tax expense	50,000
Total	$1,172,950		$1,172,950

All transactions and adjustments for 2021 have been recorded and reported in the trial balance except for the items described below.

Jan. 7	Issued 1,200 preferred shares for $25,000. In total, 100,000, $2, noncumulative, convertible, preferred shares are authorized. Each preferred share is convertible into five common shares.
Mar. 16	Purchased 800 common shares of Osborne Inc., to be held for trading purposes, for $25 per share.
July 1	Purchased $100,000 Solar Inc. 10-year, 5% bonds at 108.2, when the market interest rate was 4%. Interest is received semi-annually on July 1 and January 1. Sunland purchased the bonds to earn interest.
Aug. 2	Sold the Osborne common shares for $26 per share.
5	Invested $20,000 in a money-market fund.
Sept. 25	600 of the preferred shares issued on January 7 were converted into common shares.
Oct. 24	Cashed in the money-market fund, receiving $20,000 plus $200 interest.
Nov. 30	Obtained a $50,000 bank loan by issuing a three-year, 6% note payable. Sunland is required to make equal blended payments of $1,521 at the end of each month. The first payment was made on December 31. Note that at December 31, $15,757 of the note payable is due within the next year.
Dec. 1	Declared the annual dividend on the preferred shares on December 1 to shareholders of record on December 23, payable on January 15.
31	Sunland owns 40% of RES. RES earned $22,400 and paid dividends of $1,400 in 2021. The fair value of the RES investment was $98,000.
31	Semi-annual interest is receivable on the Solar Inc. bonds on January 1, 2022. The bonds were trading at 106 on December 31, 2021.
31	The annual interest is due on the bonds payable on January 1, 2022. The par value of the bonds is $130,000 and the bonds were issued when the market interest rate was 7%.
31	The fair value of the long-term investment at FVTOCIequity was $28,200. Ignore income tax calculation.

This is Balance sheet ----^

Comprehensive income ---^ -----^ income statement Need Balance sheet, Income Statement, Comprehensive statement

Balance Sheet Assets > $ > $ $ > $ > $ > > $ $ Assets > > $ > > > Long-Term Investments Total Share Capital Property, Plant and Equipment Total Assets Current Assets Shareholders' Equity Long-Term Liabilities Total Property, Plant and Equipment Total Shareholders' Equity Total Current Assets Total Current Liabilities Total Long-Term Liabilities Total Liabilities Total Investments Total Liabilities and Shareholders' Equity Current Liabilities Share Capital $ Income Statement Year Ended December 31, 2021 Sales $ 750,000 Accounts Receivable Accounts Payable Allowance for Doubtful Accounts Accumulated Depreciation-Building Accumulated Depreciation-Equipment Accumulated Other Comprehensive Income Bonds Payable Building Cash Common Shares Cash Dividends - Preferred Cost of Goods Sold Current Portion of Notes Payable Dividends Payable Equipment Investment Income or Loss Income from Investment in Associate Interest Revenue Interest Expense Investment in Associate $ Interest Receivable Interest Payable Income Tax Payable Income Tax Expense Land Merchandise Inventory --/3 Notes Payable Operating Expenses Preferred Shares umber. For the purposes of this question, ignore the income tax on other ensive income. (Round answers to 0 decimal places, e.g. 5,275.) Retained Earnings Short-Term Investment-Money Market Fund Sales Income Statement Year Ended December 31, 2021 Sales $ 750,000 Comprehensive Income Other Comprehensive Income Profit From Operations Total Expenses Loss on Fair Value Adjustment Revenues $ Profit/ (Loss) Other Revenues Gross Profit Drawings Other Expenses Total Revenues Operating Expenses Expenses Profit Before Income Tax V $ e Textbook and Media