The comparative balance sheet of Hirayama Industries Inc. for December 31, 2012 and 20Y1, is as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Assets Cash Accounts receivable (net) Inventories Land $201 $65 114 81 72 45 164 184 Equipment 92 71 Accumulated depreciation-equipment (25) (13) Total Assets $618 $433 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $78 565 Dividends payable 12 Common stock, $1 par 41 20 Excess of paid-in capital over par 98 51 Retained earnings 389 297 Total liabilities and stockholders' equity 5618 $433 The comparative balance sheet of Hirayama Industries Inc. for December 31, 2012 and 20Y1, is as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Assets Cash Accounts receivable (net) Inventories Land $201 $65 114 81 72 45 164 184 Equipment 92 71 Accumulated depreciation-equipment (25) (13) Total Assets $618 $433 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $78 565 Dividends payable 12 Common stock, $1 par 41 20 Excess of paid-in capital over par 98 51 Retained earnings 389 297 Total liabilities and stockholders' equity 5618 $433