Blue Company, a major retailer of bicycles and accessories, operates several stores and is a publicly traded company. The comparative balance sheet and income statement for Blue as of May 31, 2020, are as follows. The company is preparing its statement of cash flows. BLUE COMPANY COMPARATIVE BALANCE SHEET AS OF MAY 31 2020 2019 Current assets Cash $28,200 $19,800 Accounts receivable 74,700 58,500 Inventory 218,100 250,800 Prepaid expenses 9,000 6,900 Total current assets 330,000 336,000 Plant assets Plant assets 598,100 498,300 Less: Accumulated depreciation-plant assets 149,000 124,700 Net plant assets Total assets 449,100 373,600 $779,100 $709,600 Current liabilities Accounts payable $123,900 $116,100 Salaries and wages payable 46,800 72,200 Interest payable 27,100 25,300 Total current liabilities 197,800 213,600 Long-term debt Bonds payable Total liabilities 70,000 100,000 267,800 313,600 Stockholders' equity Common stock, $10 par 370,000 280,000 Retained earnings 141,300 116,000 Total stockholders' equity 511,300 396,000 Total liabilities and stockholders' equity $779,100 $709,600