Sheffield Piping Company manufactures PVC pipe. The company has provided the following selected financial information: 2020 2021 Accounts receivable $86,000 $66,000 Inventory 106,000 86,000 Total current assets 236,000 266,000 Total assets 596,000 476,000 Current liabilities 56,000 46,000 Total liabilities 166,000 146,000 Net credit sales 316,000 376,200 Cost of goods sold 211,000 237,400 Net income 72.000 78,000