rative of L s Inc. for 31, 20Y 3 and 20Y2, is shown as follows: Dec. 31, 20Y3 Dec. 31, 20Y2 Cash $277,940 $257,060 100,690 92,320 284,230 273,360 0 105,900 Accounts receivable (net) Land Equipment Accumulated 145,790 313,600241,670 (73,420) (65,170) Total assets $1,048,830 $905,140 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Accrued expenses payable (operating expenses) Dividends payable Common stock, $10 par $189,840 $178,310 18,88023,530 10,490 8,150 56,640 44,350 212,910 123,100 560,070 527,700 $1,048,830 $905,140 Retained earnings Total liabilities and stockholders' equity Additional data obtained from an examination of the accounts in the ledger for 20Y3 are as follows: a. The investments were sold for $123,900 cash. b. Equipment and land were acquired for cash. c. There were no disposals of equipment during the year d. The common stock was issued for cash. e. There was a $74,910 credit to Retained Eanings for net Income. f. There was a $42,540 debit to Retained Earnings for cash dividends declared. of Livers Inc