Current Attempt in Progress Information for Coronado Industries is given below: Coronado Industries Balance Sheet December 31, 2021 Assets Equities Cash $ 295000 Accounts payable $ 640000 1955000 Income taxes payable 192000 Accounts receivable (net) Inventories 2431000 225000 Miscellaneous accrued payables Plant and equipment, 1872000 Bonds payable (8%, due 2023) net of depreciation 1981000 Preferred stock ($100 par, 6% Patents 259000 759000 cumulative nonparticipating) Other intangible assets 74800 Common stock (no par, 60,000 Total Assets $6995800 shares authorized, issued and outstanding) 1125000 Retained earnings 2411800 Treasury stock-1500 shares of preferred (229000) Total Equities $6995800 Coronado Industries Income Statement Year Ended December 31, 2021 Net sales $8700000 Cost of goods sold 5700000 Gross profit 3000000 Operating expenses (including bond interest expense) 1400000 Income before income taxes 1600000 Income tax 480000 Net income $ 1120000 Additional information: There are no preferred dividends in arrears, the balances in the Accounts Receivable and Inventory accounts are unchanged from January 1, 2021, and there were no changes in the Bonds Payable, Preferred Stock, or Common Stock accounts during 2021. Assume that preferred dividends for the current year have not been declared. At December 31, 2021, the current ratio was O 4681 - 832. O 4681 - 1057. 0 2250 - 640. O 6663-832