Condensed Balance Sheets

December $31$

$\backslash$table$[[,,,,,$ase$)],[,2022,2021,,$Amount,Percentage$],[$Assets$,,,,,],[$Current assets,$$185,000,$$$140,000,$$$,,],[$Plant assets $($net$),455,000,390,000,,,],[$Total assets,$$640,000,$$$530,000,,,],[$Liabilities$,,,,,],[$Current liabilities,$$102,500,$$$90,000,$$$,,],[$Long$-$term liabilities,$187,500,115,000,,,],[$Total liabilities,$$290,000,$$$205,000,$$$,,],[$Stockholders$\text{'}$ Equity,,,,,$],[$Common stock, $$1$ par,$187,500,135,000,,x,],[$Retained earnings,$162,500,190,000,,,],[$Total stockholders' equity,$350,000,325,000,,,],[$Total liabilities and stockholders' equity,$$640,000,$$$530,000,$$$,,]]$