The following data are provided: December 31 Cash 2021 2020 $ $ 1650000 1000000 Accounts receivable (net) 1700000 1250000 Inventories 2700000 2150000 Plant assets (net) 6000000 6600000 Accounts payable 1150000 810000 Income taxes payable 190000 110000 Bonds payable 1400000 1400000 10% Preferred stock. $50 2100000 2100000 par Common stock, $10 par 2350000 1800000 Paid-in capital in excess of 1600000 1300000 par