Wildhorse Company Comparative Balance Sheets December 31 AssetsCashAccountsreceivableInventoryProperty,plant,andequipmentAccumulateddepreciationTotal2022$37,10032,90029,90059,700(29,100)$130,500)2021$20,10019,50020,90077,500(23,400)$114,600 Liabilities and Stockholders' Equity Accounts payable $28,300$17,000 Income taxes payable Bonds payable Commonstock 17,20014,600 Retained earnings Total $130,50050,700$114,60041,000 Additional data 1. Depreciation expense was $15,700. 2. Dividends declared and paid were $20,460. 3. During the year equipment was sold for $7,800 cash. This equipment cost $17,800 originally and had aceumulated depreciation of $10,000 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. (15,000). Free cash flow