Here are comparative statement data for Pharoah Company and Cullumber Company, two competitors. All balance sheet data are as of December 31, 2022 and December 31, 2021. Pharoah Company Cullumber Company 2022 Net sales $1,924,000 Cost of goods sold 1,067,000 2021 2022 2021 $563,000 281,000 Operating expenses 254,000 91,000 Interest expense 8,000 3,000 Income tax expense 71,700 35,000 Current as ts 622,612 $596,703 159.172 $151.782 Plant assets (net) 1.006.188 955,000 266,880 240,301 Current liabilities 126,681 144,807 67.515 57.837 Long-term liabilities 217,721 171.900 56,574 47,750 Common stock, $10 par 955,000 955,000 229,200 229,200 Retained earnings 329,399 279.996 72,763 57,296