The Nichols Corporation data for the current year: Current year Prior year Account Current assets $75,600 $60,000 AIR $59,400 $44,000 $51,200 $40,000 Mdse. Inventory $71,500 $55,000 Current liabilities Long-term liabilities $36,000 $30,000 $47,460 $42,000 Common stock (5,000 shares) Retained earnings $31,240 $17,000 $607,700 $515,000 Net sales revenue COGS $474,700 $390,000 $133,000 $125,000 Gross Profit