ACC 202 Chapter 12 Open-Ended Assignment Note: Please put your answers only in the section below the Bold Red sentence at the end of the Required section below. GeDook Company's most recent balance sheet, income statement, and other important information for 2022 are presented below. Balance Sheets 2022 2021 Cash 898,000 715,000 Accounts receivable 480,000 540,000 Inventory 405,000 355,000 Prepaid expenses 54,000 71,000 Property, plant, and equipment 1,011,000 910,000 Accumulated depreciation -612,000 -510,000 Long-term investments 283,000 340,000 Total assets 2,519,000 2,421,000 Accounts payable 108,000 172,000 Accrued liabilities 35,000 59,000 Interest payable 44,000 30,000 Income tax payable 30,000 21,000 Bonds payable 214,000 28,000 Common stock 1,348,000 1,326,000 Retained earnings 740,000 785,000 Total liabilities & equity 2,519,000 2,421,000