On December 31, 2012, Powerpump, Inc., had retained earnings of $10,000. On January 1, 2013 they had 5000 shares of capital stock outstanding at $18 per share. They paid dividends of $20,000 in 2013. Their accounts as of December 31, 2013 show the following balances: Acct Payable S38,000 Acct Receivable Accum Depreciation 52,000 COGS Income Tax Expense 8.000 Cash Building Pre-paid Insurance 2,000 $20,000 Equipment Land Sales Selling, G&A34,000 Long-term debt 40,000 Merchandise Inventory 37,000 Interest Expense 6,000 10,000 20,000 200,000 128,000 65,000 80,000 On December 31, 2012, Powerpump, Inc., had retained earnings of $10,000. On January 1, 2013 they had 5000 shares of capital stock outstanding at $18 per share. They paid dividends of $20,000 in 2013. Their accounts as of December 31, 2013 show the following balances: Acct Payable S38,000 Acct Receivable Accum Depreciation 52,000 COGS Income Tax Expense 8.000 Cash Building Pre-paid Insurance 2,000 $20,000 Equipment Land Sales Selling, G&A34,000 Long-term debt 40,000 Merchandise Inventory 37,000 Interest Expense 6,000 10,000 20,000 200,000 128,000 65,000 80,000