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Comparative financial statement data for Carmono Company follow: This Year Last Year Assets 17.50 34.00 Cash Accounts receivable 90.000 83.00 142.50 131.20 Inventory Total current assets 250.00 248.20 Property, plant, and equipment 291.00 234.00 Less accumulated depreciation 61.60 46.20 Net property, plant, and equipment 229.40 187.80 479.40 436.00 Total assets Liabilities and Stockholders' Equity 85.50 66.00 Accounts payable Common stock 198.00 151.00 Retained earnings 195.90 219.00 Total liabilities and stockholders' equity 479.40 436.00 For this year, the company reported net income as follows Sales $1,850.00 Cost of goods sold 1,110.00 Gross margin 740.00 Selling and administrative expenses 720.00 Net income 20.00 This year Carmono declared and paid a cash dividend. There were no sales of property, plant, and equipment during this year. The company did not repurchase any of its own stock this year