For December 31, 20XX, the balance sheet of the Gardner Corporation is as follows: Current Assets Cash Accounts receivable Inventory Prepaid expenses Capital Assets Plant and equipment (gross) Less: Accumulated amortization Net plant and equipment Total assets Balance Sheet Liabilities $16,400 Accounts payable 17,400 Notes payable 29,200 Bonds payable 21,900 $20,600 27,200 52,400 Shareholders' Equity $285,000 Common stock 50,700 Retained earnings $75,000 144,000 234,300 $319,200 Total liabilities and shareholders' equity $319,200 Sales for 20XY were $243,000, with cost of goods sold being 61 percent of sales. Amortization expense was 13 percent of plant and equipment (net) at the beginning of the year. Interest expense for the bonds payable was 14 percent, while interest on the notes payable was 11 percent. These are based on December 31, 20XX, balances. Selling and administrative expenses were $29,100, and the tax rate averaged 18 percent. During 20XY, the cash balance and prepaid expense balance were unchanged. Accounts receivable and inventory each increased by 15 percent, and accounts payable increased by 30 percent. A new machine was purchased on December 31, 20XY, at a cost of $27,500. A cash dividend of $15.800 was paid to common shareholders at the end of 20XY. Also, notes payable increased by