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1 3 . ) The following financial information is for Coronado Company.Coronado CompanyBalance SheetsDecember 3 1 Assets 2 0 2 2 2 0 2 1

13.)The following financial information is for Coronado Company.Coronado CompanyBalance SheetsDecember 31Assets20222021Cash$ 71,000$ 66,000Debt investments (short-term)55,00040,000Accounts receivable (net)103,00090,000Inventory229,000169,000Prepaid expenses29,00028,000Land132,000132,000Building and equipment (net)259,000184,000Total assets$878,000$709,000Liabilities and Stockholders' EquityNotes payable (current)$169,000$102,000Accounts payable65.00053,000Accrued liabilities41,00041,000Bonds payable, due 2025251,000170,000Common stock, $10 par200,000200,000Retained earnings152,000143,Total liabilities and stockholders' equity$878,000$70:Coronado CompanyIncome StatementsFor
The following financial information is for Coronado Company.
\table[[\table[[Coronado Company],[Balance Sheets],[December 31]]],[Assets,2022,2021],[Cash,$71,000,$66,000the Years Ended December 3120222021Net sales$880,000$784,000Cost of goods sold645.000574,000Gross profit235,000210,000Operating expenses184,000160,000Net income$ 51,000$ 50,000Additional information:1. Inventory at the beginning of 2021 was $115,000.2. Accounts receivable (net) at the beginning of 2021 were $88,000.3. Total assets at the beginning of 2021 were $638,000.4. No common stock transactions occurred during 2021 or 2022.5. All sales were on credit.
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