ment 11 - Ch 17 The 2023 financial statements of Outdoor Waterworks Inc. follow: Outdoor Waterworks Inc. Balance Sheet December 31, 2023 Assets Cash Current non-strategic investments Accounts receivable, net Notes receivable Inventory Prepaid expenses Plant and equipment, net Total assets Liabilities and Equity Accounts payable Accrued wages payable Income taxes payable Long-term note payable, secured by mortgage on plant Common shares, 160,000 shares Retained earnings Total liabilities and equity $23,000 25,440 52,880 11,360 60,240 5,920 $509,360330,520 $49,160 6,400 7,200 116,400 196,000 $509,360134,200 Assume all sales were on credit. Also assume the long-term note payable is due in 2026, with no current portion. On the December 31 , 2022 , balance sheet, the assets totalled $436,720, common shares were $196,000, and retained earnings were $110,040. Required: Calculate the following: (Use 365 days in a year. Do not round your intermediate calculations. Round the answers to 2 decimal places.)