Balance Sheet Assets Liabilities \& Stockholders Equity Accounts Payable Salaries payable Taxes payable Total current liabilities Bonds Payable Long term Notes Payable Total LT liabilities Total liabilities \begin{tabular}{rrrr} $110,000 & $ & 160,000 \\ 25,000 & 10,000 \\ 20,000 & 30,000 \\ \hline$ & & $200,000 \\ \cline { 3 - 4 } & 155,000 & - \\ 200,000 & & & 250,000 \\ \hline & & & 250,000 \\ & 355,000 & & 450,000 \end{tabular} Stockholders Equity Common stock (\$10 par) Retained earnings \begin{tabular}{lll} \cline { 2 - 3 } Total Common Stockholders Equity & $600,000 \\ \cline { 3 - 3 } Total Liabilities \& Stockholders Equity & $955,000 \\ \hline \hline \end{tabular} Market price per share on December 31$60.00$4.00 Cash dividends paid $80,000.00$50,000.00 Shares of common stock outstanding 75,000 75,000