Additional Information for 2022:
Land of $700,000 was obtained by issuing a note payable to the seller.
Buildings of $860,000 and equipment of $32,600 were purchased using cash.
Monthly payments during the year reduced notes payable by $8,563.
Issued common stock for $1,200,000.
Purchased 12,000 shares of treasury stock for $25 per share.
Sold 6,000 shares of treasury stock at $26 per share.
Declared and paid a cash dividend of $13,800.