The following are comparative balance sheets for Vaughn Company Additional information: 1. Net income for 2022 was $101,700 2. Depreciation expense was $32,300. 3. Cash dividends of $40,600 were declared and paid. 4. Bonds payable with a carrying value of $55,000 were redeemed for $55,000cash. 5. Common stock was issued at par for $42,600 cash. 6. No equipment was sold during 2022 7. Land was sold for its book value. a-signes