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4. (20 Points) The following information is available for the Ehrens Corporation Ehrens Corporation Balance Sheets At December 31 2009 2008 Assets: S 24,640 23,040 .32,180 29,400 Cash. Accounts receivable.... Merchandise inventory73,125 61,710 Long-term investments Equipment.. Accumulated depreciation 55.900 56.400 175,500 145,500 (33,550) 31,200) Total asses. $327.795 $284.350 Liabilities: Accounts payable Income taxes payable Bonds payable S 65,000 S 40.380 10,725 10.200 Total liabilities.. Equity: $124,475 $116,580 Common stock Contributed capital in excess of par. Retained earnings. 117,000 96,000 13,000 9,000 73.320 63.270 $203.320 $168.270 $327,795 $284,350 Total liabilities and equity