The following are comparative balance sheets for Metlock Company. Additional information: 1. Net income for 2022 was $104,100. 2. Depreciation expense was $31,400. 3. Cash dividends of $44,900 were deciared and paid 4. Bonds payable amounting to $55,000 were redeemed for cash $55,000. 5. Common stock was issued for $45,000cash. 6. No equipment was sold during 2022. 7. Land was sold for its book value