Presented here are the financial statements of Waterway Company. WATERWAY COMPANY Comparative Balance Sheets December 31 Assets 2022 2021 Cash $37,100 $21,000 Accounts receivable 32,600 18,900 Inventory 29,900 20,900 Property, plant, and equipment 59,200 77,400 Accumulated depreciation (29.900) (23,600) Total $128,900 $114,600 Liabilities and Stockholders' Equity Accounts payable $28,000 $ 16,700 Income taxes payable 7,500 8,500 Bonds payable 27,700 33,300 Common stock 18,300 14,400 Retained earnings 47,400 41,700 Total $128,900 $114,600