The information on the following page was obtained from the records of Breanna Incorporated: Accounts receivable $ 10,400 Accumulated depreciation 50,900 Cost of goods sold 123,000 Income tax expense 8,000 Cash 60,500 Net sales 203,000 Equipment 128,000 Selling, general, and administrative expenses 36,000 Common stock (8,400 shares) 95,000 Accounts payable 12,900 Retained earnings, 1/1/22 23,400 Interest expense 5,600 Merchandise inventory 37,500 Long-term debt 39,000 Dividends declared and paid during 2022 15,200 Except as otherwise indicated, assume that all balance sheet items reflect account balances at December 31, 2022, and that all income statement items reflect activities that occurred during the year ended December 31, 2022. There were no changes