Chum Lee's accountant provides you with the following information taken from their most recent three years of financial statements. 2022 2021 2020 Current assets Cash $26,505 $28,500 $30,000 Accounts receivable 83,504 68,446 60,040 Inventory 189,266 146,718 125,400 Total Current Assets $299,275 $243,664 $215,440 Current liabilities Accounts payable $91,000 $89,000 $86,000 Salaries payable 4,900 5,200 5,000 Current portion of long-term 24,000 36,000 36,000 debt Total Current Liabilities $119,900 $130,200 $127,000 Other information: Credit sales in the year $782,775 $745,500 $710,000 Cost of goods sold 469,665 447,300 426,000