Golden Corporation declared and paid $4,500 of cash dividends during the current year ended December 31. Its financial statements also reported the following summarized data: Income Statement Sales revenue Cost of goods sold Gross profit Operating expenses Interest expense Income before income taxes Income tax expense Net income Balance Sheet Cash Accounts receivable (net) Inventory Current Previous $255,000 $225,000 140,000 130,000 115,000 95,000 68,300 62,400 4,200 4,100 42,500 28,500 12,750 4,500 $ 29,750 $ 24,000 $ 6,750 $ 9,500 34,000 30,500 55,000 60,000 50,000 53,000 $155,750 $143,000 Property and equipment (net) Current liabilities Note payable (long-term) Common stock (par $5) Additional paid-in capital Retained earnings $ 15,500 60,000 39,000 $ 29,500 60,000 39,000 8,000 6,500 33,250 8,000 $155,750 $143,000