Question: Current Attempt in Progress The current sections of Larkspur, Inc. ' s balance sheets at December 3 1 , 2 0 2 1 and 2

Current Attempt in Progress
The current sections of Larkspur, Inc.'s balance sheets at December 31,2021 and 2022, are presented here. Larkspur, Inc.'s net income for 2022 was $221,850. Depreciation expense was $39,150.
\table[[,2022,2021],[Current assets,s,],[Cash,$152,250,$ 143,550],[Accounts receivable,116,000,129,050],[Inventory,243,600,249,400],[Prepaid expenses,39,150,31,900],[Total current assets,$551,000,$553,900],[Current liabilities,,],[Accrued expenses payable,$21,750,$7,250],[Accounts payable,123,250,133,400],[Total current liabilities,$145,000,$140,650]]
Current Attempt in Progress The current sections

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