Teal Corporation's comparative balance sheets are as follows. Additional information: 1. Net income was $17,800. Dividends declared and paid were $16,900. 2. Equipment which cost $10,100 and had accumulated depreciation of $1.300 was sold for $3,500. 3. No noncash imvesting and financing activities ocrurred during 2025 4. Bonds were retired at their carrying value