Condensed financial data of Vaughn Inc. follow.VAUGHN INC.Comparative Balance SheetsDecember $31$Assets$20222021$Cash$$117,600$$$47,100$Accounts receivable$91,90033,000$Inventory$111,200102,400$Prepaid expenses$29,30025,900$Long$-$term investments$139,100113,800$Plant assets$275,800241,700$Accumulated depreciation$(46,400)(51,100)$Totall$$718,500$$$512,800$Liabilities and Stockholders' EquityAccounts payable$$111,100$$$67,800$Accrued expenses payable$16,20017,000$Bonds payable$113,100149,300$Common stock$219,400175,800$Retained earnings$258,700102,900$Total$$718,500$$$512,800$