Cumberland Industries' partial balance sheets are shown below. Cumberland issued new common stock in the most recent year. Using this information and the results from PART A, fill in the missing values for common stock, retained earnings, total common equity, and total liabilities and equity.

PART A ANSWERS:

Key Input Data for Cumberland Industries				2017
(Thousands of dollars)
Sales Revenue				$475,000
Expenses (excluding depreciation) as a percent of sales				75.0%
Net fixed assets				$85,000
Depr. as a % of net fixed assets				10.0%
Tax rate				40.0%
Interest expense				$9,000.00
Dividend Payout Ratio				50%
Cumberland Industries: Income Statement (Thousands of dollars)				2017
Sales				$475,000
Operating costs excluding depreciation				$356,250
EBITDA				$118,750
Depreciation (Cumberland has no amortization charges)				$8,500
EBIT				$110,250
Interest expense				$9,000
EBT				$101,250
Taxes (40%)				$40,500
Net income				$60,750
Common dividends				$30,375
Addition to retained earnings				$30,375

Dollar value of common stock issued (in thousands of dollars)				$13,500
Cumberland Industries December 31 Balance Sheets
(in thousands of dollars)
				2017	2016
Assets
Cash and cash equivalents				$91,450	$74,625
Short-term investments				$10,115	$15,100
Accounts Receivable				$108,470	$85,527
Inventories				$38,450	$34,982
Total current assets				$248,485	$210,234
Net fixed assets				$85,000	42,436
Total assets				$333,485	$252,670
Liabilities and equity
Accounts payable				$37,068	$23,109
Accruals				$30,405	$22,656
Notes payable				$13,100	$14,217
Total current liabilities				$80,573	$59,982
Long-term debt				$80,263	$63,914
Total liabilities				$160,836	$123,896
Common stock					$90,000
Retained earnings					38,774
Total common equity					$128,774
Total liabilities and equity					$252,670