Biven Corporation's balance sheet and income statement appear below:
Bivens Inc.
Comparative Balance Sheet
December 31, Year 2 and Year 1
		Ending		Beginning
		Balance		Balance
Assets
Cash		$35		$30
Accounts Receivable		$54		$49
Inventory		$67		$58
Plant and Equipment		$580		$530
Less accumulated depreciation		-$316		-$313
	Total Assets	$420		$354
Liabilities and Stockholder's Equity
Accounts Payable		$51		$57
Wages Payable		$26		$24
Taxes Payable		$11		$10
Bonds Payable		$77		$90
Deferred Income Taxes		$25		$24
Common Stock		$33		$30
Retained Earnings		$197		$119
Total Liabilities and Stockholder's Equity		$420		$354
Biven Inc.
Income Statement
For the Year Ended December 31, Year 2
Sales				$620
Cost of Goods Sold				$381
Gross Margin				$239
Selling and administrative expenses				$103
Net operating income				$136
Gain on sale of plant and equipment		$20
Income before taxes				$156
Income Taxes				$47
Net Income				$109
Cash dividends were $31. The company sold equipment for $20 that was originally
purchased for $14 and that had accumulated depreciation of $14.