Financial statements are given 
  

Joshua & White Technology: December 31 Balance Sheets (Thousands of Dollars) Assets Cash Short-term investments Accounts receivable Inventories Total current assets Net fixed assets Total assets Liabilities & Equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities & equity 2021 $ 23,100 3,890 52,500 86,000 $165,490 229,375 $394,865 $ 31,500 14,175 18,422 $ 64,097 66,828 $130,925 190,000 73,940 $263,940 $394,865 2020 $ 22,000 2,980 49,000 57,500 $131,480 205,000 $336,480 $ 30,000 13,500 6,300 $ 49,800 55,900 $105,700 190,000 40,780 $230,780 $336,480