\begin{tabular}{|c|c|c|c|} \hline 1 & & Dec. 31, 20Y3 & Dec. 31, 20Y2 \\ \hline 2 & Assets & & \\ \hline 3 & Cash & $186,000.00 & $180,000.00 \\ \hline 4 & Accounts receivable (net) & 540,000.00 & 480,000.00 \\ \hline 5 & Inventories & 924,000.00 & 900,000.00 \\ \hline 6 & Investments & 0.00 & 120,000.00 \\ \hline 7 & Land & 600,000.00 & 0.00 \\ \hline 8 & Equipment & 1,680,000.00 & 1,440,000.00 \\ \hline 9 & Accumulated depreciation-equipment & (720,000.00) & (600,000.00) \\ \hline 10 & Total assets & $3,210,000.00 & $2,520,000.00 \\ \hline 11 & Liabilities and Stockholders' Equity & & \\ \hline 12 & Accounts payable & $408,000.00 & $360,000.00 \\ \hline 13 & Accrued expenses payable & 54,000.00 & 60,000.00 \\ \hline 14 & Dividends payable & 36,000.00 & 30,000.00 \\ \hline 15 & Common stock, $4 par & 840,000.00 & 720,000.00 \\ \hline 16 & Excess of paid-in capital over par & 240,000.00 & 210,000.00 \\ \hline 17 & Retained earnings & 1,632,000.00 & 1,140,000.00 \\ \hline 18 & Total liabilities and stockholders' equity & $3,210,000.00 & $2,520,000.00 \\ \hline \end{tabular} The income statement for the year ended December 31,20Y3, is as follows: Statement of Cash Flows For the Year Ended December 31, 20 Y3 \begin{tabular}{|c|c|c|c|c|} \hline 1 & Cash flows from (used for) operating activities: & & & \\ \hline 2 & Cash received from customers & & $60,000.00 & \\ \hline 3 & Cash paid for operating expenses & & (24,000.00) & \\ \hline 4 & Cash paid for merchandise & & (48,000.00) & \\ \hline 5 & Cash paid for income taxes & & (6,000.00) & \\ \hline 6 & Net cash flows from operating activities & & & $588,000.00 \\ \hline 7 & Cash flows from (used for) investing activities: & & & \\ \hline 8 & Cash received from sale of investments & 2 & $210,000.00v & \\ \hline 9 & Cash paid for purchase of equipment & 2 & (240,000.00) & \\ \hline 10 & Cash paid for purchase of land & & (600,000.00)v & \\ \hline 11 & Net cash flows used for investing activities & & & (630,000.00) \\ \hline 12 & Cash flows from (used for) financing activities: & & & \\ \hline 13 & Cash received from issuing common stock & & $150,000.00 & \\ \hline 14 & Cash dividends & & (102,000.00) & \\ \hline 15 & Net cash flows from financing activities & & & 48,000.00 \\ \hline 16 & Net increase in cash & & & $6,000.00v \\ \hline \end{tabular}