Selected information from the comparative financial statements of Cullumber Company for the year ended December 31 appears below: 2021 2020 Accounts receivable (net) $178,000 $203,000 Inventory 133,000 173,000 Total assets 1,103,000 803,000 Current liabilities 143,000 113,000 Long-term debt 413,000 303,000 Net credit sales 876,300 703,000 Cost of goods sold 596,700 533,000 Interest expense 43,000 28,000 Income tax expense 63.000 32,000 Net income 117.600 88,000 Net cash provided by operating activities 253.000 138,000