30 Assets: Cash ALTOID CO. Balance Sheet At December 31, 2021 Short-term investments Accounts receivable (net) Inventory Property, plant, and equipment (net) Total assets Liabilities and shareholders' equity: Current liabilities Common stock Long-term liabilities Retained earnings Total liabilities and shareholders' equity 230 600 700 850 1,180 $ 3,560 $ 850 1,000 550 1,160 $ 3,560 Selected 2021 income statement information for Altoid Co. includes: Net Sales Operating expenses Income before interest and tax Interest expense Income tax expense Net income $ 8,500 7,190 1,310 110 360 $ 840