Condensed financial data of Bonita Industries follow. Bonita Industries Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory 2022 2021 $64,640 $38,720 70,240 30,400 90,000 82,280 Prepaid expenses Long-term investments Plant assets 22,720 20,800 110,400 87,200 228,000 194,000 Accumulated depreciation (40,000 ) (41,600) Total $546,000 $411,800 Liabilities and Stockholders' Equity Accounts payable $ 81,600 $53,840 Accrued expenses payable 13,200 16,800 Bonds payable 88,000 116,800 Common stock 176,000 140,000 Retained earnings 187,200 84,360 Total $546,000 $411,800