The following information is taken from Lisa Corporation's financial statements: December 31 2021 2020 Cash $ 75,600 $ 32,400 Accounts receivable 122,400 96,000 Allowance for doubtful accounts (5,400) (3,720) Inventory 192,000 210,000 Prepaid expenses 9,000 8,160 Land 120,000 72,000 Buildings 352,800 292,800 Accumulated depreciation (38,400) (15,600) Patents 24,000 42,000 $852,000 $734,040 Accounts payable $ 108,000 $ 100,800 Accrued liabilities 64,800 75,600 Bonds payable 150,000 72,000 Common stock 120,000 120,000 Retained earnings-appropriated 96,000 12,000 Retained earningsunappropriated 331,200 363,240 Treasury stock, at cost (18,000) (9,600) $852,000 $734,040 For 2021 Year Net income $93,960 Depreciation expense 22,800 Amortization of patents 6,000 Cash dividends declared and paid 42,000 Gain or loss on sale of patents none The following information is taken from Lisa Corporation's financial statements: December 31 2021 2020 Cash $ 75,600 $ 32,400 Accounts receivable 122,400 96,000 Allowance for doubtful accounts (5,400) (3,720) Inventory 192,000 210,000 Prepaid expenses 9,000 8,160 Land 120,000 72,000 Buildings 352,800 292,800 Accumulated depreciation (38,400) (15,600) Patents 24,000 42,000 $852,000 $734,040 Accounts payable $ 108,000 $ 100,800 Accrued liabilities 64,800 75,600 Bonds payable 150,000 72,000 Common stock 120,000 120,000 Retained earnings-appropriated 96,000 12,000 Retained earningsunappropriated 331,200 363,240 Treasury stock, at cost (18,000) (9,600) $852,000 $734,040 For 2021 Year Net income $93,960 Depreciation expense 22,800 Amortization of patents 6,000 Cash dividends declared and paid 42,000 Gain or loss on sale of patents none