Question 5 (10 points) Cash dividends declared during 20Y4 were $ Cash dividends paid during 2044 were $ 1 ws EXCEL TEMPLATE Dec 31, 2014 Dec 31, 20Y3 + Assets Cash Accounts receivable (net) Inventories Prepaid expenses Land Buildings Accumulated depreciation-buildings. Machinery and equipment. Accumulated depreciation--machinery and equipment.. Patents Total assets Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Dividends payable. Salaries payable. Mortgage note payable, due in nine years. Bonds payable. Common stock, 55 par Paid-in capital: Excess of issue price over par-common stock... Retained earnings.. Total liabilities and stockholders'equity $ 443,240 665,280 887,880 31,640 302,400 1,713,600 (466,200) 781,200 (214,200) 106,960 $4,251,800 $360,920 592,200 1,022,560 25,200 302,400 1,134,000 (414,540) 781,200 (191,520) 112,000 $3,724,420 S 837.480 32,760 78.960 224,000 0 200,400 366,000 2,512.200 $4,251.800 $ 927.080 25,200 87,080 0 390,000 50,400 126,000 2,118,660 $3.724,420 An examination of the income statement and the accounting records revealed the following additional information applicable to 2014: A. Net income, S524,580