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The following data are provided: December 31 2021 2020 Cash $ 985000 1550000 Accounts receivable (net) 1700000 1100000 Inventories 2550000 2300000 Plant assets (net) 7500000
The following data are provided: December 31 2021 2020 Cash $ 985000 1550000 Accounts receivable (net) 1700000 1100000 Inventories 2550000 2300000 Plant assets (net) 7500000 6600000 Accounts payable 1100000 800000 Income taxes payable 190000 90000 Bonds payable 1300000 1300000 10% Preferred stock, $50 par 1900000 1900000 Commonsteck $10.nar 24500.00 170.00.0.0 Common stock. $10 par 2450000 1700000 Paid-in capital in excess of par 1700000 1250000 Retained earnings 3900000 3550000 Net credit sales 12700000 Cost of goods sold 8600000 Operating expenses 3100000 Net income 1600000 Additional information Depreciation included in cost of goods sold and operating expenses is $1240000. On May 1, 2021.75000 shares of common stock were issued. The preferred stock is cumulative. The preferred dividends were not declared during 2021. The book value per share of common stock at 12/31/21 is 7805245 7860226 7860 - 245 BOSO 226
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