Problem 23-6 Comparative balance sheet accounts of Marcus Inc. are presented below MARCUS INC. COMPARATIVE BALANCE SHEET ACCOUNTS AS OF DECEMBER 31, 2014 AND 2013 December 31 ebit Accounts Cash Accounts Receivable Inventory Investments (available-for-sale) Machinery Buildings Land 2014 2013 $33,610 60,190 24,700 38,940 18,820 55,770 7,210 $269,650 $239,240 $41,840 70,210 29,960 22,200 30,240 67,990 7,210 Credit Accounts Allowance for Doubtful Accounts Accumulated Depreciation-Machinery Accumulated Depreciation-Buildings Accounts Payable Accrued Payables Long-Term Notes Payable Common Stock, no-par Retained Earnings $1,150 1,850 8,120 24,610 2,705 31,070 125,400 44,335 $269,650 $239,240 $2,050 6,560 13,640 35,650 3,373 21,470 149,400 37,507 Additional data (ignoring taxes): 1. Net income for the year was $38,892 2. Cash dividends declared and paid during the year were $21,720 3. A 20% stock dividend was declared during the year. $24,000 of retained earnings was capitalized. 4. Investments that cost $25,070 were sold during the year for $28,400 5. Machinery that cost $3,500, on which $775 of depreciation had accumulated, was sold for $1,835