Comparative financial statement data for Wildhorse Corporation and Novak Corporation, two competitors, appear below. All balance sheet data are as of December 31, 2022.

Wildhorse Corporation Novak Corporation 2022 2022 Net sales $2,196,000 $756,400 Cost of goods sold 1,433,500 414,800 Operating expenses 345,260 119,560 Interest expense 10,980 4,636 Income tax expense 103,700 43,920 Current assets 501,685 197,443 Plant assets (net) 649,040 170,468 Current liabilities 80,917 41,134 Long-term liabilities 132,370 49,634