Condensed financial data of Novak Company for 2020 and 2019 are presented below. NOVAK COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 2020 2019 Cash $1,780 $1,140 Receivables 1,760 1,310 Inventory 1,570 1,900 Plant assets 1,890 1,720 Accumulated depreciation (1,190 ) (1,150) Long-term investments (held-to-maturity) 1,280 1,410 $7,090 $6,330 Accounts payable $1,220 $890 Accrued liabilities 210 250 Bonds payable 1,430 1,540 Common stock 1,940 1,730 Retained earnings 2,290 1,920 $7,090 $6,330