Sheridan Company's balance sheet accounts as of December 31, 2021 and 2020 and information relating to 2021 activities are presented below.

	December 31,
	2021		2020
Assets
Cash	$ 442000		$ 198000
Short-term investments	598000
Accounts receivable (net)	1000000		1000000
Inventory	1360000		1220000
Long-term investments	398000		602000
Plant assets	3410000		2000000
Accumulated depreciation	(901000)		(901000)
Patent	181000		202000
Total assets	$6488000		$4321000
Liabilities and Stockholders' Equity
Accounts payable and accrued liabilities	$1680000		$1430000
Notes payable (nontrade)	578000
Common stock, $10 par	1521000		1390000
Additional paid-in capital	800000		502000
Retained earnings	1909000		999000
Total liabilities and stockholders' equity	$6488000		$4321000

Information relating to 2021 activities: Net income for 2021 was $1510000. Cash dividends of $600000 were declared and paid in 2021. Equipment costing $1020000 and having a carrying amount of $320000 was sold in 2021 for $360000. A long-term investment was sold in 2021 for $320000. There were no other transactions affecting long-term investments in 2021. 13100 shares of common stock were issued in 2021 for $25 a share. Short-term investments consist of treasury bills maturing on 6/30/22. Net cash provided by Sheridans 2021 operating activities was

$2185000.

$2265000.

$1510000.

$2225000.