2 Dec. 31, 2013 Dec. 31, 2012 Assets 3 Cash 4 Accounts receivable (net) 5 Inventories 6 Investments 7 Land Equipment 9 Accumulated depreciation-equipment $155,000.00 $150,000.00 450,000.00 400,000.00 770,000.00 750,000.00 0.00 100,000.00 500,000.00 0.00 1,400,000.00 1,200,000.00 (600,000.00) (500,000.00) 10 Total assets $2,675,000.00 $2,100,000.00 11 Liabilities and Stockholders' Equity 12 Accounts payable (merchandise creditors) $340,000.00 $300,000.00 13 Accrued expenses payable (operating expenses) 45,000.00 50,000.00 14 Dividends payable 30,000.00 25,000.00 15 Common stock, $4 par 700,000.00 600,000.00