AP13- 12A Condensed nancial data of Oprah Company appear below. A155]: 2011 Cash $93,169 Accounts receivable 90,942 Inventories 122,175 Investments 84,350 Plant assets 250,000 Accumulated depreciation 149,146! Total m LEW Accounts payable 5 57,434 Accrued expenses payable 12,140 Bonds payable 99,970 Common stock 245,500 Retained earnings 126,446 Total 591,490 2010 $47,074 57,155 102,937 86,822 205,500 140,164) 459,324 $ 48,637 18,782 69,640 200,800 121,465 459,324 Sales Gain on sale of plant assets Less: Cost of goods sold Operating expenses (excl. deprec. expense) Depreciation expense Income taxes Interest expense Net income $99,561 14,707 50, 194 7,385 2532 $297,772 8:350 306, 122 174379 131i743 Additional information: 1. New plant assets costing $91,470 were purchased for cash during the year. 2. Investments were sold at cost. 3. Plant assets costing $46,970 were sold for $15,183, re5ulting in gain of $8,350. 4. A cash dividend of $76,762 was declared and paid during the year