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Walker Industries's balance sheet accounts as of December 31, 2021 and 2020 and information relating to 2021 activities are presented below. December 31, 2021 2020
Walker Industries's balance sheet accounts as of December 31, 2021 and 2020 and information relating to 2021 activities are presented below. December 31, 2021 2020 Assets Cash Short-term investments Accounts receivable (net) Inventory Long-term investments Plant assets $ 442000 $ 200000 601000 - 1020000 1020000 1380000 1180000 400000 598000 3410000 2010000 Accumulated depreciation (902000) (902000) Patent Total assets 181000 202000 $6532000 $4308000 Liabilities and Stockholders' Equity Accounts payable and accrued liabilities $1670000 $1450000 Notes payable (nontrade) 581000 Common stock, $10 par 1633000 1420000 Additional paid-in capital 798000 498000 Retained earnings 1850000 940000 Total liabilities and stockholders' $6532000 $4308000 equity Information relating to 2021 activities: .Net income for 2021 was $1510000. Cash dividends of $600000 were declared and paid in 2021. Equipment costing $990000 and having a carrying amount of $318000 was sold in 2021 for $358000. A long-term investment was sold in 2021 for $318000. There were no other transactions affecting long-term investments in 2021. .21300 shares of common stock were issued in 2021 for $25 a share. Short-term investments consist of treasury bills maturing on 6/30/22. Net cash provided by Walker's 2021 operating activities was Liabilities and Stockholders' Equity Accounts payable and accrued liabilities $1670000 $1450000 Notes payable (nontrade) 581000 - Common stock, $10 par 1633000 1420000 Additional paid-in capital 798000 498000 Retained earnings 1850000 940000 Total liabilities and stockholders' $6532000 $4308000 equity Information relating to 2021 activities: .Net income for 2021 was $1510000. Cash dividends of $600000 were declared and paid in 2021. Equipment costing $990000 and having a carrying amount of $318000 was sold in 2021 for $358000. A long-term investment was sold in 2021 for $318000. There were no other transactions affecting long-term investments in 2021. 21300 shares of common stock were issued in 2021 for $25 a share. Short-term investments consist of treasury bills maturing on 6/30/22. Net cash provided by Walker's 2021 operating activities was $2103000. $2063000. $1510000. $2143000
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