Current Attempt in Progress Condensed financial data of Vaughn Inc. follow. VAUGHN INC. Comparative Balance Sheets December 31 Assets 2022 2021 Cash $116,800 $48,100 Accounts receivable 92,000 32,300 Inventory 111,800 102,000 Prepaid expenses 29,200 25,200 Long-term investments 139,100 113,000 Plant assets 275,400 242,300 Accumulated depreciation (47,900) (51,400) Total $716,400 $511,500 Liabilities and Stockholders' Equity Accounts payable $111,600 $68,000 Accrued expenses payable 16,300 17,100 Bonds payable 112,600 149,000 Common stock. 220,100 176,000 Retained earnings 255,800 101,400 Total $716,400 $511,500 VAUGHN INC. Income Statement