The comparative balance sheets for Splish Brothers Company appear below: SPLISH BROTHERS COMPANY Comparative Balance Sheet upport Assets Dec. 31, 2021 Dec. 31, 2022 $34,400 Cash $12,000 Accounts receivable 13,000 Inventory 17,500 39.200 7,900 15,700 Prepaid insurance 9,700 Stock investments 17,500 Equipment 30,000 Accumulated depreciation equipment 60,000 (17.200) $141,800 (10,600) $87,300 Total assets Liabilities and Stockholder's Equity Accounts payable $27,600 Bonds payable $8.200 47,800 38,400 Common stock 40,300 22.500 Retained earnings 35,500 8,800 Total liabilities and stockholder's equity $141.800 $87.300 Additional information: 1. Net income for the year ending December 31, 2022, was $43,000. 2 Cash dividends of $14,500 were declared and paid during the year. 3. Stock investments on balance sheet that had a book value of $15.700 were sold for $10.500. 4. Sales for 2022 are $150,000. The comparative balance sheets for Splish Brothers Company appear below: SPLISH BROTHERS COMPANY Comparative Balance Sheet upport Assets Dec. 31, 2021 Dec. 31, 2022 $34,400 Cash $12,000 Accounts receivable 13,000 Inventory 17,500 39.200 7,900 15,700 Prepaid insurance 9,700 Stock investments 17,500 Equipment 30,000 Accumulated depreciation equipment 60,000 (17.200) $141,800 (10,600) $87,300 Total assets Liabilities and Stockholder's Equity Accounts payable $27,600 Bonds payable $8.200 47,800 38,400 Common stock 40,300 22.500 Retained earnings 35,500 8,800 Total liabilities and stockholder's equity $141.800 $87.300 Additional information: 1. Net income for the year ending December 31, 2022, was $43,000. 2 Cash dividends of $14,500 were declared and paid during the year. 3. Stock investments on balance sheet that had a book value of $15.700 were sold for $10.500. 4. Sales for 2022 are $150,000