Presented here are the financial statements of Lily Company. LILY COMPANY Comparative Balance Sheets December 31 Assets 2022 2021 Cash $37,400 $19,100 Accounts receivable 32,000 19,700 Inventory 29,600 20,100 Property, plant, and equipment 59,600 78,000 Accumulated depreciation (29,600) (23,500) Total $129,000 $113,400 Liabilities and Stockholders' Equity Accounts payable $28,100 $16,000 Income taxes payable 7,000 8,100 Bonds payable 27,400 32,200 Common stock 18,300 13,300 Retained earnings 48,200 43,800 Total $129,000 $113,400