Swifty Corporation's comparative balance sheets are as follows. SWIFTY CORPORATION Comparative Balance Sheets December 31 Cash 2022 2021 $16,900 $17,300 Accounts receivable 25,200 22,400 Investments 20,150 15,950 Equipment 60,250 70,250 Accumulated depreciation-equipment (13,850) (10,400) Total $108,650 $115,500 Accounts payable $14,450 $11,150 Bonds payable 10,200 30,200 Common stock 50,100 44,700 Retained earnings 33,900 29,450 Total $108,650 $115,500 Additional information: 1. Net income was $18.550. Dividends declared and paid were $14,100. 2. Equipment which cost $10,000 and had accumulated depreciation of $1,500 was sold for $3,500. 3. No noncash investing and financing activities occurred during 2022. 4. Bonds were retired at their carrying value.