Question 1 of 10 < > -/1 E CraneCompany runs a retail company and recently completed its third year of operations. The balance sheet and income statement follow Assets 2014 2013 Cash $55,120 $60,424 Accounts receivable 21,840 25.272 Inventory 32,032 30,368 Equipment 127,920 95,680) Accumulated depreciation i 29.640 25,168 Total assets $207,272 $186.576 Liabilities and Equity Accounts payable $37,752 $34,320 Income taxes payable 11,440 8,320 Long-term notes payable 29.120 37,440 Common stock, $2 par 15.600 12.480 Paid-in capital in excess of par 39.520 32.240 Retained earnings. 73.840 61.776