Foundational [LO15-2, LO15-3, LO15-4, LO15-5, LO15-6] Markus Company's common stock sold for $2.50 per share at the end of this year. The company paid a common stock dividend of $0.40 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Beginning Balance $31,500 47800 $ 56,000 46,300 $50,800 56,000 $138,300 150,100 $ 417000 405,300 $ 57,000 39,000 $117000 105,300 $ 114,000 114,000 $300,000 300,000 $ 417,000 405,300 Balance Cash Accounts receivable Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $ 650,000 $ 377,000 $ 273,000 $120,750 $7000 $ 96,900