he comparative balance sheet of Navaria Inc. for December 31, 20Y3 and 20Y2, is as follows: Dec. 31, 20Y3 Dec. 31, 20Y2 Assets Cash $ 201,490 $ 190,610 Accounts receivable (net) 74,080 67,960 Inventories 208,800 200,770 Investments 0 78,120 Land 107,020 0 Equipment 228,190 179,680 Accumulated depreciation-equipment (54,200) (48,400) Total assets $765,380 $668,740 Liabilities and Stockholders' Equity Accounts payable $ 138,330 $ 131,740 Accrued expenses payable 13,910 17,390 Dividends payable 7,500 6,000 Common stock, $1 par 40,900 31,430 Excess of paid-in capital over par 155,500 90,950 Retained earnings 409,240