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The following financial statements apply to Robin Company. 2014 2015 Revenues Net sales $211 800 S175, 300 9,800 Other 6,900 Total revenues 221.800 82,200 Cost of goods sold 124.200 102.000 Selling expenses 9.500 17.500 General and administrative expenses 10.400 9,400 Interest expense 2.000 2.600 Income tax expense 19.400 17.200 Total expenses 176.100 148,700 Earnings from continuing operations before extraordinary items 45.500 33,500 Extraordinary gain (net of $2.000 tax) 3.700 Net income 49,200 S 33,500 Assets Current assets 5.300 6.400 Cash Marketable securities 2,400 2,400 Accounts receivable 35.200 32,000 nventories. 101.000 95,100 Prepaid expenses 3.300 2,300 Total current assets. 147.200 1 38,200 Plant and equipment (net) 105.300 105.300 ntangibles 21.500 Total assets $274,000 S243,500 Liabilities and Stockholders' Equity Liabilities Current liabilities 38.600 S 55.300 Accounts payab Other 18.000 16.300 Total current abilities 54.000 71.600 Bonds payable 64.800 85,800 Total liabilities 119.400 137.400 stockholders' equity Common stock (40,000 shares) 113.100 113.100 Retained earnings 41.500 (7.000 Total stockholders' equity 154.800 106.100 Total liabilities and stockholders equity $274,000 S243,500