Presented here are the financial statements of Sheffield Company. Assets Cash Accounts receivable SHEFFIELD COMPANY Comparative Balance Sheets December 31 Inventory Property, plant, and equipment Accumulated depreciation Total Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock 2022 $36,300 32,200 30,300 59,600 (29,800) $128,600 $28,200 7,500 26,300 17,200 2021 $19,300 20,000 20,400 77,900 (23,400) $114,200 $ 16,700 8,400 33,200 14,200

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Presented here are the financial statements of Sheffield Company. SHEFFIELD COMPANY Comparative Balance Sheets December 31 Assets 2022 2021 Cash $36,300 $19,300 Accounts receivable 32,200 20,000 Inventory 30,300 20,400 Property, plant, and equipment 59,600 77,900 Accumulated depreciation (29,800) (23,400) Total $128,600 $114,200 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock $28,200 $ 16,700 7,500 8,400 26,300 33,200 17,200 14,200 Presented here are the financial statements of Sheffield Company. SHEFFIELD COMPANY Comparative Balance Sheets December 31 Assets 2022 2021 Cash $36,300 $19,300 Accounts receivable 32,200 20,000 Inventory 30,300 20,400 Property, plant, and equipment 59,600 77,900 Accumulated depreciation (29,800) (23,400) Total $128,600 $114,200 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock $28,200 $ 16,700 7,500 8,400 26,300 33,200 17,200 14,200