Condensed balance sheet and income statement data for Cullumber Company are presented as follows. Cullumber Company Balance Sheets December 31 Assets 2022 2021 Cash $28,000 $ 20,100 Receivables (net) 82,000 60,500 Other current assets 82,500 69,000 Long-term investments 62,000 59,900 Property, plant, and equipment (net) 605,000 486,000 Total assets $859,500 695,500 Liabilities and Stockholders' Equity Current liabilities $77,000 $ 68,000 Long-term liabilities 83,500 97,000 Common stock 348,000 290,500 Retained earnings 351,000 240,000 Total liabilities and stockholders' equity $859,500 $695,500