SUNLANDCOMPANY Balance Sheets December 31 2021 2020 Cash $38,800 $38,000 Accounts receivable (net) 73,000 68,000 Inventory 68,000 58,000 Property, plant and equipment (net) 193,000 188,000 372,800 352,000 Accounts payable 58,000 68,000 Mortgage payable (15%, due in 15 years) 108,000 108,000 Common stock, $10 par 148,000 128,000 Retained earnings 58,800 48,000 372,800 352,000 Additional information for 2021: 1. Net income was $33,000. 2. Sales on account were $458,000. Sales returns and allowances amounted to $35,000. 3. Cost of goods sold was $333,900. 4. Net cash provided by operating activities was $57,000. 5. Capital expenditures were $31,000, and cash dividends were $26,000.