Question 1 of 1

Question 1 of 1 View Policies Show Attempt H istory Current Attempt in Progress Your answer is partially correct. The following financial information is for Cullumber Company. CULLUMBER COMPANY Balance Sheets December 31 0.8/6 Assets Cash Debt investments (short-term) Accounts receivable Inventory Prepaid expenses Land Building and equipment (net) Total assets Liabilities and Stockholders' Equity Notes payable Accounts payable Accrued liabilities Bonds payable, due 2025 Common stock, $10 par Retained earnings Total liabilities and stockholders' equity 2022 $ 70,000 53,000 108,000 229,000 30,000 130,000 264,000 $884,000 $172,000 65,000 41,000 250,000 202,000 154,000 $884,000 2021 $ 64,000 39,000 90,000 162,000 25,000 130,000 185,000 $695,000 $102,000 51,000 41,000 172,000 202,000 127,000 $695,000