Condensed balance sheet and income statement data for Landwehr Corporation appear below.

LANDWEHR CORPORATION Balance Sheets 2018 $ 24,300 49,800 89,600 75,800 399,600 $639,100 $74,200 80,900 353,000 131,000 2017 $16,400 45,900 94,300 69,200 370,200 $596,000 $80,800 84,500 314,000 116,700 $596,000 2016 $ 17,300 47,000 63,800 45,600 357,400 $531,100 $70,300 49,900 314,000 96,900 $531,100 Cash Accounts receivable (net) Other current assets Investments Plant and equipment (net Current liabilities Long-term debt Common stock, $10 par Retained earnings 639,100 S59600 LANDWEHR CORPORATION Income Statement For the Years Ended December 31 2018 Sales revenue Less: Sales returns and allowances Net sales Cost of goods sold Gross profit Operating expenses (including income taxes Net income 2017 $736,500 $705,500 50,000 655,500 400,000 255,500 218,500 37,000 39,500 697,000 417,500 279,500 5O 211,000 Additional information: 1 The market price of Landwehr's common stock was $4.00, $5.00, and $7.00 for 2016, 2017, and 2018, respectively. 2. All dividends were paid in cash