On Time Clocks declared and paid a cash dividend of $$9,000$ in the current year. Its comparative financial statements, prepared at December $31,$ reported the following summarized information:

Income statement

Sales Revenue

Cost of Goods sold

Gross profit

Operating Expenses

Interest Expense

Income before Income Tax Expense

Income Tax Expense $(30$t$)$

Net Income

Balance sheet

Cash

Accounts Receivable, Net

Inventory

Property and Equipment, Net

Total Assets

Accounts Payable

Income Tax Payable

Notes Payable $($long$-$term$)$

Total Liabilities

Common Stock $($par $$10)$

Retained Earnings

Total Liabilities and Stockholders' Equity

Current Year Previous Year

$\backslash$table$[[$$$230,000,$$$195,000$