View Policies Current Attempt in Progress Crane Company has these comparative balance sheet data: Crane Company Balance Sheets December 31 2022 2021 Cash $ 14,000 $ 30,000 Accounts receivable (net) 69,000 60,000 Inventory 60,000 50,000 Plant assets (net) 197,000 181,000 $340,000 $321,000 Accounts payable $50,000 $59,900 Bonds payable (15%) 101,500 101,500 Common stock, $10 par 144,500 122,000 Retained earnings 44,000 37,600 $340,000 $321,000 Additional information for 2022: 1. 2. 3. Net income was $25,000. Sales on account were $407,200. Sales returns and allowances amounted to $20,200. Cost of goods sold was $192,500. Net cash provided by operating activities was $45,200. Capital expenditures were $24,600, and cash dividends paid were $9,700. 4. . 5. 6. The bonds payable are due in 2035. ORIOLE INC. Condensed Balance Sheets December 31 Increase or (Decrease) 2022 2021 Amount Percentage Assets Current assets $123,000 $100,000 $ 23,000 23 % Plant assets (net) 394,471 329,000 65,471 19.7 % Total assets $517,471 $429,000 $ 88,471 % Liabilities Current liabilities $120,331 $74,000 $ % Long-term liabilities 128,140 86,000 % Total liabilities 248,471 160,000 % Stockholders' Equity Common stock, $1 par 130,900 119,000 % Retained earnings 138,100 150,000 % Total stockholders' equity 269,000 269,000 % Total liabilities and stockholders' equity $517,471 $429,000 $ %