The following items and amounts were taken from Sheridan Companys 2022 income statement and balance sheet.

Cash $ 88,100

Accounts receivable $ 88,200

Retained earnings 120,900

Sales revenue 583,300

Cost of goods sold 439,800

Notes payable 6,900

Salaries and wages expense 115,900

Accounts payable 49,700

Prepaid insurance 7,900

Service revenue 5,100

Inventory 64,700

Interest expense 1,730