"Problem 2-06A a-e Your answer is correct. Condensed balance sheet and income statement data for Sandhill Co. are presented as follows. Sandhill Co. Balance Sheets December 31 Assets 2022 2021 Cash $ 26,200 $ 21,100 Receivables (net) 78,000 62,000 Other current assets 119,100 93,700 Long-term investments 62,000 59,700 Property, plant, and equipment (net) 525,000 488,000 Total assets $ 810,300 724,500 Liabilities and Stockholders' Equity Current liabilities $ 77,000 $ 68,000 Long-term liabilities 83,500 99,000 Common stock 339,000 310,000 Retained earnings 310,800 247,500 Total liabilities and stockholders' equity $ 810,300 $ 724,500 Sandhill Co. Income Statements For the Years Ended December 31 2022 2021 Sales revenue $794,560 $679,600 Cost of goods sold 464,000 407,000 Operating expenses (including income taxes) 254,000 215,000 Net income $ 76,560 $ 57,600 Additional information: Net cash provided by operating activities $84,900 $56,000 Cash used for capital expenditures $44,000 $37,000 Dividends paid $24,000 $14,000 Weighted-average common shares outstanding 33,000 30,000 Compute these values and ratios for 2021 and 2022. (Round Earnings per share to 2 decimal places, e.g. $2.78 and Current Ratio and Debt to assets ratio to 1 decimal place, e.g. 15.2. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)