Check my work Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 15,150 7,500 12,560 10,750 168,500 (12,500) $201,960 $ 8,000 3,480 4,500 21,780 114,300 49,900 $281,960 The average number of common stock shares outstanding during 2018 was 860 shares. Net income for the year was $14 200 Check my work Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 15,150 7,500 12,560 10,750 168,500 (12,500) $201,960 $ 8,000 3,480 4,500 21,780 114,300 49,900 $281,960 The average number of common stock shares outstanding during 2018 was 860 shares. Net income for the year was $14 200