The 2020 and 2021 balance sheets for Cullumber Manufacturing Company appear below along with selected financial information. Cullumber declared no dividends during either year, and had 1,000 shares of stock outstanding throughout each year. 2021 2020 Current Assets Cash $19,000 $17,967 Accounts receivable, net 23,000 21,963 Inventory 31,000 31,000 Total current assets 73,000 70,930 Plant & equipment, net 63,000 42,070 Total assets $136,000 $113,000 Current liabilities $23,000 $33,000 Noncurrent liabilities 63,000 43,000 Total Liabilities 86,000 76,000 Stockholders' equity Common stock 5,000 5,000 Additional paid-In capital 7,000 7,000 Retained earnings 38,000 25,000 Total stockholders' equity 50,000 37,000 Total liabilities and stockholders' equity $136,000 $113,000