Selected current year$-$end financial statements of Cabot Corporation follow. $($All sales were on credit; selected balance sheet amounts at December $31$ of the prior year were inventory, $$53,900$; total assets, $$209,400$; common stock, $$84,000$; and retained earnings, $$33,016.$

$\backslash$table$[[,8,\backslash$table$[[$CABOT CORPORATION$],[$Balancg Sheet$],[$December $31$ ot current year$]],,],[$Assets$,,$Liabilities and Equity,,$],[$Cash$,$$$10,000,$Accounts payable,$$,16,500],[$Short$-$term investments,$9,400,$Accrued wages payable,,$3,000],[$Accounts receivable, net,$32,600,$Income taxes payable,,$4,600],[$Merchandise inventory,$32,150,$Long$-$term note payable, secured by mortgage on plant assets,,$70,400],[$Prepaid expenses,$2,700,$Common stock,,$84,000],[$Plant assets, net,$153,300,$Retained earnings,,$61,650],[$Total assets,$$240,150,$Total liabilities and equity,$$,240,150]]$

$\backslash$table$[[$CABOT CORPORATION$],[$Income Statement$],[$For Current Year Ended December $31,],[$Sales$,$$$448,600$