Required information [The following information applies to the questions displayed below] Markus Company's common stock sold for $6.00 per share at the end of this year. The company paid a common stock dividend of $0.96 per share this year. It also provided the following data excerpts from this year's financial statements Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value. Total stockholders' equity Total liabilities and stockholders' equity Sales (all on account) This Year $ 1,210,000 $ 701,600 $ 508,200 Cost of goods sold Gross margin Net operating income $ 378,000 Interest expense $ 18,000 Net income $ 252,000 Ending Balance Beginning Balance $ 48,200 $ 73,700 $ 54,000 $ 102,000 $82,000 $ 238,000 $900,000 $ 93,000 $220,000 $ 178,000 $ 102,000 $ 223,900 $ 998,000 $ 103,500 $ 198,000 $ 178,000 $ 800,000 $680,000 $900,000 $ 998,000