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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

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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 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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