The following are comparative balance sheets for Swifty Company. Assets Cash Accounts receivable Inventory Land Equipment Total Accumulated depreciation-equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Additional information: 2. 3. SWIFTY Company Comparative Balance Sheets December 31 5. 6. www 7. 2022 No equipment was sold during 2022. Land was sold for its book value. $73.500 85,600 169,500 73,300 260,200 (66,200) $595,900 $35,200 151,600 216,600 192,500 $595,900 2021 $32,700 71,100 187.200 100,800 200,600 (33,500) $558,900 $47.300 203,100 175,500 133,000 $558,900 Net income for 2022 was $104,800. Depreciation expense was $32,700. Cash dividends of $45,300 were declared and paid. Bonds payable with a carrying value of $51,500 were redeemed for $51,500 cash. Common stock was issued at par for $41,100 cash.

The following are comparative balance sheets for Swifty Company. Additional information: 1. Net income for 2022 was $104800. 2 Depreciation expense was $32700. 3. Cash dividends of $45,300 were declared and paid. 4. Bonds payable with a carrying value of $51,500 were redeemed for $51,500 cash. 5. Common stock was issued at par for $41,100 cash. 6. No equipment was sold during 2022. 7. Land was sold for its book value