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Sandhill Co. has these comparative balance sheet data: SANDHILL CO. Balance Sheets December 31 2022 2021 Cash $29,205 $58,410 Accounts receivable (net) 136,290 116,820

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Sandhill Co. has these comparative balance sheet data: SANDHILL CO. Balance Sheets December 31 2022 2021 Cash $29,205 $58,410 Accounts receivable (net) 136,290 116,820 Inventory 116,820 97,350 Plant assets (net) 389,400 350,460 $671,715 $623,040 Accounts payable $97,350 $116,820 Mortgage payable (15%) 194,700 194,700 Common stock, $10 par 272,580 233,640 Retained earnings 107,085 77,880 $671,715 $623,040

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