the following is selected data from the financial statements of sun company and start company. both companies are in the same industry and apply the same accounting methods. sun company star company dec. 31, 2021 dec. 31, 2020 dec. 31, 2021 dec. 31, 2020 accounts receivable $263,424 $138,240 $118,510 $94,136 cash $164,640 $100,224 $37,908 $43,706 common stock (par $10) $883,200 $578,400 $414,500 $386,200 common stock price per share $89.00 $53.00 $33.00 $28.00 cost of goods sold $1,412,611 $711,660 $813,885 $608,062 current assets $773,800 $375,600 $442,922 $303,118 current liabilities $274,400 $138,240 $198,800 $101,032 income before taxes $451,584 $227,504 $563,517 $421,010 interest expense $61,056 $730 $3,424 $828 marketable securities $27,440 $13,824 $4,374 $16,810 merchandise inventory $145,616 $88,474 $98,646 $61,000 net income $316,109 $159,252 $254,462 $194,707 preferred stock (par $100, 10%) $164,640 $0 $0 $0 retained earnings $329,280 $138,240 $72,900 $6,724 sales $2,195,200 $1,105,920 $1,020,600 $762,502 total assets $2,414,720 $864,000 $729,000 $504,300 total liabilities $1,037,600 $147,360 $241,600 $111,376