Presented here are the financial statements of Vaughn Company. VAUGHN COMPANY Comparative Balance Sheets December 31 Assets 2022 2021 Cash $36,600 $20,100 Accounts receivable 24,500 18,700 Inventory 30,100 21,400 Property, plant, and equipment 59,700 77,400 Accumulated depreciation (30,400) (23,000) Total $120,500 $114,600 Liabilities and Stockholders' Equity Accounts payable $19,700 $ 15,800 Income taxes payable 7,400 8,400 Bonds payable 27,300 44,000 Common stock 17,700 13,000 Retained earnings 48,400 33,400