The following information is taken from the 2020 annual report of Shamrock, Inc. Shamrock's fiscal year ends December 31 of each year. Shamrock's December 31, 2020, balance sheet is as follows. Shamrock, Inc. Balance Sheet December 31, 2020 Assets Cash $420 Inventory 1,730 Total current assets 2,150 Plant and equipment 1,800 Accumulated depreciation (144) Total assets 3,806 Liabilities Bonds payable (net of discount) $1,426 Stockholders' equity Common stock Retained earnings 1,500 880 Total liabilities and stockholders' equity $3,806 Note X: Long Term Debt: On January 1, 2019, Shamrock issued bonds with face value of $1,500 and a coupon rate equal to 10%. The bonds were issued to yield 12% and mature on January 1, 2024. Additional information concerning 2021 is as follows.