Mary Lynn Corporation has been operating for several years. Selected data from 20X2 20X1 $76,000 $80,000 Current

Mary Lynn Corporation has been operating for several years. Selected data from

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20X2 20X1 $76,000 $80,000 Current Assets Property, Plant, and Equipment (net) 99,000 90,000 Intangibles 25,000 50,000 Current Liabilities 40,800 48,000 Long-Term Liabilities Stockholders' Equity 143,000 160,000 16,200 12,000 Net Sales 500,000 500.000 Cost of Goods Sold 332,500 350,000 Operating Expenses 93,500 85,000