Condensed balance sheet and income statement data for Swifty Corporation are presented here. Swifty Corporation Balance Sheets December 31 2022 2021 2020 Cash $30,000 $ 16,700 $18,300 Accounts receivable (net) 50,500 44,800 48,000 Other current assets 89,500 94.100 63,900 Investments 55,600 69,300 45.600 Property, plant, and equipment (net) 499,000 369.200 357.700 $724,600 $594,100 $533,500 Current liabilities $84,100 $80,200 $69,800 Long-term debt 144,200 84,400 50,500 Common stock, $10 par 384,000 310,000 305,000 Retained earnings 112.300 119,500 108,200 $724,600 $594,100 $533,500 Swifty Corporation Income Statements For the Years Ended December 31 2022 2021 Sales $735,000 $605,000 Less: Sales returns and allowances 40,000 29,800 Net sales 695,000 575,200 Cost of goods sold 425,200 366,500 Gross profit 269,800 208,700 Operating expenses (including income taxes) 179,450 145,428 Net income $90,350 $63,272