2020 $ Sandhill Ltd. Comparative Statement of Financial Position 31-Dec Assets 2021 Cash $ 75,440 Accounts receivable 125,120 Inventory 73,600 Prepaid insurance 9,200 Equipment 283,360 Accumulated depreciation-equipment (64,400) Patents 73,600 Total assets $ 575,920 Liabilities and Shareholders' Equity Accounts payable 84,640 Interest payable 7,360 Salaries and wages payable 14,720 Income taxes payable 14,720 Long-term note payable 110,400 Common shares 239,200 Retained earnings 104,880 Total liabilities and shareholders' equity $ 575,920 46,000 93,840 110,400 7,360 239,200 (46,000 92,000 542,800 $ $ 73,600 11,040 7,360 18,400 126,960 239,200 66,240 542,800 $