Here are comparative financial statement data for Waterway Company and Lisa Company, two competitors. All data are as of December 31, 2022, and December 31, 2021.

		Waterway Company				Lisa Company
		2022		2021		2022		2021
Net sales		$1,824,000				$559,000
Cost of goods sold		1,030,560				296,829
Operating expenses		268,128				79,937
Interest expense		7,296				3,913
Income tax expense		52,896				7,267
Current assets		322,000		$310,600		82,600		$79,200
Plant assets (net)		519,900		498,200		140,100		124,500
Current liabilities		65,000		75,000		35,800		31,400
Long-term liabilities		108,000		90,200		28,600		25,200
Common stock, $10 par		497,000		497,000		117,000		117,000
Retained earnings		171,900		146,600		41,300		30,100