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Vaughn Manufacturing's balance sheet accounts as of December 31, 2021 and 2020 and information relating to 2018 activities are presented below. December 31, 2021 2020
Vaughn Manufacturing's balance sheet accounts as of December 31, 2021 and 2020 and information relating to 2018 activities are presented below. December 31, 2021 2020 Assets Cash $ 441000 $ 202000 Short-term investments 602000 Accounts receivable (net) 1010000 1010000 Inventory 1370000 1210000 Long-term investments 401000 602000 Plant assets 3380000 1980000 Accumulated depreciation (901000) (901000) Patent 179000202000 Total assets $6482000 $4305000 Liabilities and Stockholders' Equity. Accounts payable and accrued $1660000 $1450000 liabilities Notes payable (nontrade) 580000 Common stock, $10 par 1566000 1390000 Additional paid-in capital 799000 499000 Retained earnings 1877000 966000 Total liabilities and stockholders' $6482000 $4305000 equity Information relating to 2021 activities: Net income for 2021 was $1510000. Cash dividends of $599000 were declared and paid in 2021. Equipment costing $1000000 and having a carrying amount of $319000 was sold in 2021 for $359000. A long-term investment was sold in 2021 for $319000. There were no other transactions affecting long-term investments in 2021. 17600 shares of common stock were issued in 2021 for $25 a share. Short-term investments consist of treasury bills maturing on 6/30/22 Net cash provided by Vaughn's 2021 financing activities was $421000. $1619000. $1020000. $461000
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