6 015850 Markus Company's common stock sold for $1.50 per share at the end of this year. The company paid preferred stock dividends totaling $4.400 and a common stock dividend of $0.28 per share this year. It also provided the following data excerpts from this year's financial statements: Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Preferred stock Common stock. $1 par value: Total stockholders' equity Total liabilities and stockholders equity Ending Beginning Balance Balance $24,500 $ 40,800 $ 42,000 $ 38.800. $ 42,400 $ 42.000 $108,900 $121,600 242,800 $302,000 $ $ 46,500 $ 31,500 $ 92,000 $ 82,800 $ 33,000 $ 33,000 $ 74,000 $ 74,000 $210,000 $160,000 242,800 $302,000 $ This Year Sales (all on account) 480,000 278.400 Cost of goods sold $ Gross margin Net operating income $201,600 $ 32,500