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20) Marks Corporation's balance sheet appears below Comparative Balance Sheet Ending Balance Beginning Balance Assets $47 53 63 $37 57 60 440 255 Cash and

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20) Marks Corporation's balance sheet appears below Comparative Balance Sheet Ending Balance Beginning Balance Assets $47 53 63 $37 57 60 440 255 Cash and cash equivalents Accounts receivable Inventory Property, plant and equipment Less accumulated depreciation 548 295 $416 $339 Total assets Liabilities and stockholders' equity Accounts payable Bonds payable Common stock Retained earnings $52 260 51 53 $50 250 50 $416 $339 Total liabilities and stockholders' equity Net income for the year was $77. Cash dividends were $13. The company did not dispose of any property, plant, and equipment, retire any bonds payable, or repurchase any of its own common stock during the year

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