Teal Corporation's comparative balance sheets are as follows. Additional information 1. Net income was $17.800. Dividends declared and paid were $16900 2. Equipment which cost $10,100 and had accumulated depreciation of $1,300 was sold for 53,500 . 3. No noncash irvestine and financing activities occurred durine 2025 4. Bonds were retired at their carrying value. Teal Corporation's comparative balance sheets are as follows. Additional information 1. Net income was $17.800. Dividends declared and paid were $16900 2. Equipment which cost $10,100 and had accumulated depreciation of $1,300 was sold for 53,500 . 3. No noncash irvestine and financing activities occurred durine 2025 4. Bonds were retired at their carrying value