Payment of long-term debt $ 17.050 Dividends paid $ 195 Net sales: Proceeds from issuance of common stock Total liabilities: 8.475 Current year 20,000 Preceding year 37,000 Current year-end 32,311 Net income. Preceding year-end 38.031 Current year 5,552 Total stockholders' equity: Preceding year 1.993 Current year-end 23.471 Operating income: Preceding year-end 14.031 Current year 10.054 Long-term liabilities 6.600 Preceding year 4.000