XYZ Company Balance Sheet December 31, 20X2 Dec 31, 20X2 Dec. 31, 20X1 Inc./Dec. Cash Accounts Recelvable Inventories Investments Land Equipment Accumulated depreciation- Equipment 25,000 30,000 23,000 15.000 60,000 88,000 22,000 10,000 19,000 40,000 3,000 20,000 4,000 (25.000) 60,000 34,000 0 54,000 3,000 (8,000) 233,000 (5000) 140,000 16.000 18,000 3,000 20.0DD Accounts payable Accrued expenses Dividends payable Common stock (2,000) 17,000 11,000 40,000 25 ODO 14,000 120 ODD 80,000 20.000 15.000 5,000 Pald.in capital in excess of par Retained earnings 32 000 10.000 22.000 233.000 140.000 a. The investments were sold for $24,000 cash, b. Equipment and land were acquired for cash. c. There were no disposals of equipment during the year d. The common stock was issued for cash e. There was a $50,000 credit to Retained Earnings for net income. f. There was a $28.000 debit to Retained Earnings for cash dividends declared. STATELET CF CAM FLORES Rowe ang Net Income od Deduct: Ne cash flow from operating atas Cash flow from Investing Actie Ordut Nutcash flume Cash flows from Financing Actives hed $ Nooth whom Ordet ch Categi as the