Assets December 31, 20Y9 December 31, 2018 Cash Accounts receivable (net) Inventories $230,340 $215,010 83,440 77,220 235,550 228,630 Investments Land Equipment Accumulated depreciation-equipment Total assets 0 88,580 120,820 0 259,890 202,140 (60,840) (54,510) $869,200 $757,070 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $157,330 $149,140 Accrued expenses payable (operating expenses) 15,650 19,680 Dividends payable 8,690 6,810 Common stock, $10 par 46,940 37,100 Paid-in capital in excess of par-common stock 176,450 102,960 Retained earnings 464,140 441,380 Total liabilities and stockholders' equity $869,200 $757,070 Additional data obtained from an examination of the accounts in the ledger for 20Y9 are as follows: a. Equipment and land were acquired for cash. b. There were no disposals of equipment during the year. c. The investments were sold for $103,640 cash. d. The common stock was issued for cash. e. There was a $58,340 credit to Retained Earnings for net income. f. There was a $35,580 debit to Retained Earnings for cash dividends declared. Line Item Description Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: Cash flows from (used for) investing activities: Cash flows from (used for) financing activities: Amount Amount 00 00 Q O