Assets Cash Accounts receivable Inventor Long-term investments Equipment Accumulated depreciation Liabilities and Stockholders' Equity Accounts payable Dividends payable Notes payable-Current Notes payable-Long-term Common stock, $1.00 par Additional paid-in capital Retained earnings Additional Information for 20X2: Net income was $480,000 and dividends of $400,000 were declared. Common stock was issued for cash. A new long-term investment was acquired for $360,000. A long-term investment was sold for $160,000. Increase (Decrease) $ 480,000 200,000 300,000 200,000 (200,000) (60,000) $ (40,000) 400,000 (200,000) 400,000 300,000 100,000 80,000 Equipment that cost $600,000 was sold for $200,000. The book value of those assets was $150,000. The dividends actually paid during 20X2 are: $0. $270,000. $300,000. $400,000.