2014 True Sandpaper Co. Balance Sheets For the Years Ended 2014 and 2015 2015 Assets Cash $ 800 Marketable securities 200 Accounts receivable 1,200 Inventories 2,000 Gross fixed assets 3,000 Less Accumulated Depreciation 1,000 Net fixed assets $2,000 Total assets $6,200 Liabilities Accounts payable 200 Notes payable 800 Accruals 100 Long-term debt 2,000 Stockholders' equity Common stock at par 500 Paid-in capital in excess of par 2,000 Retained earrings 600 Total liabilities and equity $6,200 Net profits after taxes for 2015 $150.00 $ 600 200 1,000 1,800 2,800 800 $2,000 $5,600 100 900 100 1,500 500 2,000 500 $5,600 . (See Table 4.1) Common stock dividends paid in 2015 amounted to $50 $150 $100 $600