Markus Company's common stock sold for $5.25 per share at the end of this year. The company paid a common stock dividend of $0.63 per share this year. It also provided the following data excerpts from this year's financial statements:

Markus Company's common stock sold for $5.25 per share at the end of this year. The company paid a common stock dividend of $0.63 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Beginning Balance Balance Cash 49,000 $ 44,200 Accounts receivable 92,000 $ 68,700 Inventory 76,300 92,000 Current assets 217,300 $ 204,900 Total assets 801,000 $ 875,400 Current liabilities 85,500 90,000 Total liabilities $ 206,000 $ 185,400 Common stock, $1 par value $ 165,000 165,000 Total stockholders' equity $ 595,000 $ 690,000 Total liabilities and stockholders' equity $ 801,000 $ 875,400 This Year Sales (all on account) $ 1,095,000 Cost of goods sold 635,100 Gross margin 459,900 Net operating income 313,875 Interest expense 15,500 Net income 189,750