225 Payment of long-term debt 17,060 Dividends paid Proceeds from issuance Net sales: 8,415 of common stock Current year 50,000 Total liabilities: Preceding year 67,000 Current year-end 32,311 Net income Preceding year-end 38,031 2,379 Current year Total stockholders' equity: Preceding year 2,007 Current year-end 23,471 Operating income 14,047 4,876 Preceding year-end Current year Borrowings 6,550 Preceding year 4,010