M Chapter 15Q ttps-por.shr.nevada Foundational [LO15-2 Markus Company's common stock sold for $3.75 per share at the end of this year. The company paid a common stock dividend of $0.60 per share this year. It also provided the following data excerpts from this year's financial statements: Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity$590,000 Ending Beginning Balance Balance $ 41,000 36.200 $ 74,000 $ 58,700 $ 64,900 $ 74,000 $ 179,900 $168,900 $590,000 $624,000 $ 70,500 63,000 $ 160,000 144,000 $139,000 139,000 $ 430,000 $ 480,000 624,000 Sales (all on account Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $ 865,000 $ 501,700 $ 363.300 $ 206,250 $ 11,000 $ 118,150