Following is a partially completed balance sheet for Epsico Inc. at December 31, 2019, together with comparative data for the year ended December 31, 2018. From the statement of cash flows for the year ended December 31, 2019, you determine the following (amounts in thousands of dollars):

Net income for the year ended December 31, 2019, was $312.

Dividends paid during the year ended December 31, 2019, were $96.

Cash increased $96 during the year ended December 31, 2019.

The cost of new equipment acquired during 2019 was $180; no equipment was disposed of.

There were no transactions affecting the land account during 2019, but it is estimated that the fair market value of the land at December 31, 2019, is $480.

Required:

Complete the balance sheet at December 31, 2019.

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EPSICO INC. Balance Sheets December 31, 2019 and 2018 2019 2018 2019 2018 Assets Llabilitles Current assets: Current liabilities: Cash $ 360 $ 588 $ 480 Note payable Accounts payable Accounts receivable 1,512 1,440 1,476 1,320 2,760 Inventory 2,892 Total current assets $4,560 Total current liabilities $2,064 $1,800 Long-term debt 960 $ 300 Land Total liabilities $2,760 4,500 Stockholders' Equity Equipment Less: Accumulated Common stock $2,400 $2,400 (1,920) Retained earnings depreciation (2,160) 2,280 Total land & equipment $ Total stockholders' equity $2,880 $ $4,680 Total liabilities and Total assets stockholders' equity $7,440 24 $7,440