Comparative financial statement data for Carmono Company follow: This Last Year Year Assets Cash Accounts receivable Inventory Total current assets $ 8.50 54.00 $ 16.00 47.00 97.50 84.40 160.00 147.40 Property, plant, and equipment Less accumulated depreciation 237.00 198.00 47.20 35.40 Net property, plant, and equipment 189.80 162.60 Total assets $349.80 $310.00 Liabilities and Stockholders' Equity Accounts payable $ 58.50 Common stock 126.00 Retained earnings 165.30 $ 48.00 97.00 165.00 Total liabilities and stockholders' $349.80 $310.00 equity