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Swifty Corporation's balance sheet accounts as of December 31, 2021 and 2020 and information relating to 2021 activities are presented below. December 31, 2021 2020
Swifty Corporation'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 $ 438000 $ 200000 Short-term investments 599000 Accounts receivable (net) 1000000 1000000 Inventory 1400000 1200000 Long-term investments 400000 602000 Plant assets 3400000 2020000 Accumulated depreciation (898000) (898000) Patent 178000198000 Total assets $6517000 $4322000 Liabilities and Stockholders' Equity Accounts payable and accrued $1640000 $1430000 liabilities Notes payable (nontrade) 578000 Common stock, $10 par 1638000 1420000 Additional paid-in capital 800000 499000 Retained earnings 1861000 973000 Total liabilities and stockholders' $6517000 $4322000 equity Information relating to 2021 activities: Net income for 2021 was $1490000. Cash dividends of $602000 were declared and paid in 2021. Equipment costing $1020000 and having a carrying amount of $318000 was sold in 2021 for $358000. A long-term investment was sold in 2021 for $318000. There were no other transactions affecting long-term investments in 2021. 21800 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 Swifty's 2021 operating activities was $2106000. $2146000. $1490000. $2066000
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