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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

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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 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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