Assets: Cash $ 36,950 $ 25,000 Accounts receivable 75,100 78,000 Inventory 45,300 36,000 Property, plant, and equipment 256,400 153,000 Accumulated depreciation 30,650 20,000 Total assets $375,100 $272,000 Liabilities and Equity: Accounts payable Interest payable Wages payable Notes payable Common stock Retained earnings Total liabilities and equity Additional Information: 1. Net income for 2019 was $58,400. $ 13,100 $11,000 11,500 8,000 8,100 9,000 106,500 90,000 87,900 50,000 148,000 104,000 $375,100 $272,000 2. Cash dividends of $14,400 were declared and paid during 2019. 3. During 2019, Beckwith issued $50,000 of notes payable and repaid $35,000 principal relating to notes payable. 4. Common stock was issued for $37,900 cash. 5. Depreciation expense was $20,150, and there were no disposals of equipment.