The comparative balance sheet of Hirayama Industries Inc. for December 31, 20Y2 and 20Y1, is as follows: 1 Dec. 31, 20Y2 Dec. 31, 20Y1 2 Assets 3 Cash $485.00 $163.00 4 Accounts receivable (net) 285.00 198.00 5 Inventories 170.00 112.00 6 Land 395.00 454.00 7 Equipment 220.00 180.00 8 Accumulated depreciation-equipment (58.00) (32.00) 9 Total assets $1,497.00 $1,075.00 10 Liabilities and Stockholders Equity 11 Accounts payable (merchandise creditors) $174.00 $155.00 12 Dividends payable 28.00 13 Common stock, $1 par 105.00 48.00 14 Excess of paid-in capital over par 245.00 123.00 15 Retained earnings 945.00 749.00 16 Total liabilities and stockholders equity $1,497.00 $1,075.00