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Current Attempt in Progress The current sections of Swifty Inc's balance sheets at December 31, 2021 and 2022, are presented here. Swifty's net income
Current Attempt in Progress The current sections of Swifty Inc's balance sheets at December 31, 2021 and 2022, are presented here. Swifty's net income for 2022 was $208,440. The income statement included depreciation expense, $27,000, amortization expense, $10,800, and a gain on disposal of equipment. $7,560. The equipment was sold for $50,760. Swifty also issued bonds for $64,800. 2022 2021 Current assets Cash $450,360 $106,920 Accounts receivable 129,600 100,440 Inventory 171,720 190,080 Prepaid expenses 31,320 25,920 Total current assets $783,000 $423,360 Current liabilities Accrued expenses payable $18,360 $6,480 Accounts payable 95,040 101.520) Total current liabilities $113,400 $108,000 Adjustments to reconcile net income to
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