Current Attempt in Progress Lily Corporation experienced a fire on December 31, 2022, in which its financial records were partially destroyed. It has been able to salvage some of the records and has ascertained the following balances. Cash Accounts receivable (net) Inventory Accounts payable Notes payable Common stock, $100 par Retained earnings December 31, 2022 $ 35,000 72,500 197,000 50,000 29.500 390,000 101,000 December 31, 2021 $ 17,500 128,500 180,000 92,000 61,500 390.000 109.000