SYAL COMPANY Comparative Balance Sheets ssets Cash Accounts receivable Inventory Land Equipment Accumulated depreciation-equipment 2014 $72,800 86,270 170,170 72,560 260,940 2013 $32,570 70,890 186,760 101,860 199,330 (66,220) (33,830 ) Total $596,520 $557,580 iabilities and Stockholders' Equit Accounts payable Bonds payable Common stock ($1 par) Retained earnings $35,310 151,470 217,100 192,640 $596,520 $47,010 203,290 174,890 132,390 $557,580 Total Additional information: 1. Net income for 2014 was $101,870 2. Depreciation expense was $32,390 3. Cash dividends of $41,620 were declared and paid 4. Bonds payable amounting to $51,820 were redeemed for cash $51,820 5. Common stock was issued for $42,210 cash 6. No equipment was sold during 2014 7. Land was sold for its book value of $29,300