X Your answer is incorrect. Condensed balance sheet and income statement data for Jergan Corporation are presented here. Jergan Corporation Balance Sheets December 31 2020 2019 Cash $ 30,000 $ 20,000 Accounts receivable (net) 50.000 45,000 Other current assets 90.000 95.000 Investments 55.000 70.000 Plant and equipment (net) 500,000 370,000 $725,000 $600,000 Current liabilities $85,000 $80,000 Long-term debt 145,000 85,000 Common stock. $10 par 320.000 310,000 Retained earnings 175.000 125,000 $725.000 $600,000 2018 $ 18,000 48,000 64.000 45,000 358,000 $533,000 $70,000 50.000 300,000 113,000 $533.000 Jergan Corporation Income Statement For the Years Ended December 31 O Question 3 of 3