Problem 14-3A a Condensed balance sheet and income statement data for Jergan Corporation are presented here Jergan Corporation Balance Sheets December 31 2019 $17,400 44,700 95,700 70,600 370,700 $724,200$599,100 $531,000 $80,500 84,200 311,000 123,400 $724,200 $599,100 $531,000 2020 29,100 50,000 90,100 54,500 500,500 2018 Cash Accounts receivable (net) Other current assets Investments Plant and equipment (net) $17,800 47,500 63,500 44,000 358,200 Current liabilities Long-term debt Common stock, $10 par Retained earnings $85,000 144,900 342,000 152,300 $69,100 49,500 299,000 113,400 Jergan Corporation Income Statement For the Years Ended December 31 2020 2019 Sales revenue Less: Sales returns and allowances Net sales Cost of goods sold Gross profit $737,000 $605,400 31,000 574,400 370,500 203,900 Operating expenses (including income taxes) 182,077 146,460 $90,623 57,440 39,900 697,100 424,400 272,700 Net income Additional information: 1. The market price of Jergan's common stock was $7.00, $7.50, and $8.50 for 2018, 2019, and 2020, respectively. 2. You must compute dividends paid. All dividends were paid in cash