Markus Company's common stock sold for $2.25 per share at the end of this year. The company paid a common stock dividend of $0.45 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Balance Beginning Balance Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities $ 29,000 $ 44,800 $ 50,000 $ 43,800 $ 48,100 $ 50,000 $ 127,100 $ 138,600 $ 375,000 $ 360,000 $ 51,000 $ 100,000 Common stock, $1 par value $ 108,000 $ 36,000 $ 90,000 $ 108,000 Total stockholders' equity $ 275,000 $ 270,000 Total liabilities and stockholders' equity $ 375,000 $ 360,000 This Year Sales (all on account) $ 550,000 Cost of goods sold $ 319,000 Gross margin $ 231,000 Net operating income Interest expense Net income $ 93,500 $ 5,500 $ 61,600