round dollar values to two decimal places and other final answers to one decimal place.

Current Year $745,000 1,510,000 Preceding Year $820,000 1,400,000 Current assets Property, plant, and equipment Current liabilities (non-interest-bearing) Long-term liabilities, 12% Preferred 10% stock 160,000 400,000 250,000 1,200,000 140,000 400,000 250,000 1,200,000 Common stock, $25 par Retained earnings, beginning of year Net income for year Preferred dividends declared Common dividends declared 230,000 110,000 (25,000) (70,000) 160,000 155,000 (25,000) (60,000)