The comparative balance sheets of Waterways Corporation's Irrigation Installation Division for the years $2021$ and $2022$ and the

income statements for the year $2021$ and $2022$ are presented below.

Additional informationc

$85\%$ of the sales for Waterways were credit sales. There are $5,000$ shares outstanding for both years. This is a private corporation

whose shares are not available to the public.

Current assets

Liabilities and Stockholders' Equity

Current lisbalities