ited States. It is in the process of creating a master budget for 2022 and reports a b ecember 31, 2021 as follows: Endless Mountain Company Balance Sheet December 31, 2021 Assets Current assets: 46, 200 Cash Accounts receivable (net) 260 , 000 Raw materials inventory (4,500 yards) 11 , 250 Finished goods inventory (1,500 units) 32 , 250 Total current assets $349, 700 Plant and equipment : Buildings and equipment 900 , 000 Accumulated depreciation (292, 000) Plant and equipment, net 608, 000 Total assets $957 , 700 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $158 , 000 Stockholders' equity: Common stock $ 419, 800 Retained earnings 379 , 900 Total stockholders' equity 799 , 700 Total liabilities and stockholders' equity $957, 700 The company's chief financial officer (CFO), in consultation with various managers across organization has developed the following set of assumptions to help create the 2022 b iMessage Stockholders equity Common stock 1,007 3