Condensed balance sheet and income statement data for Swifty
Corporation appear below:
SWIFTY CORPORATION
Balance Sheet
December 31
2021
2020
2019
Cash
$ 27,500
$ 23,500
$ 18,500
Accounts receivable
50,500
50,000
48,500
Other current assets
94,500
95,500
65,000
Property, plant, and equipment (net)
530,000
471,500
401,000
$702,500
$640,500
$533,000
Current liabilities
$ 71,500
$ 77,500
$ 70,000
Long-term debt
77,500
84,500
46,500
Common shares
318,000
280,000
287,000
Retained earnings
235,500
198,500
129,500
$702,500
$640,500
$533,000
SWIFTY CORPORATION
Income Statement...