Condensed financial data of Sarasota Corp. follow. Sarasota Corp. Comparative Balance Sheets December 31 Assets Cash 2022 2021 $ 185,840 $111,320 Accounts receivable 201,940 87,400 Inventory 258,750 236,555 Prepaid expenses 65,320 59,800 Long-term investments 317,400 250,700 Plant assets 655,500 557,750 Accumulated depreciation (115,000) (119,600 ) Total $1,569,750 $1,183,925 Liabilities and Stockholders' Equity Accounts payable $234,600 $154,790 Accrued expenses payable 37,950 48,300 Bonds payable 253,000 335,800 Common stock 506,000 402,500 Retained earnings 538,200 242,535 Total $1,569,750 $1,183,925