Following is the balance sheet of Franklin Company for 2018 FRANKLIN COPANYu Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets $ 15,450 8,340 12,740 10,956 178,500 (12, 180) s205,880 Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity S 8,390 3,120 4,050 21,660 113,500 55-160 $205,880 The average number of common stock shares outstanding during 2018 was 860 shares. Net income for the year was S15.800 Required Compute each of the following (Round your answers to 2 decimal places.)