The comparative balance sheet of Livers Inc. for December 31, 20Y3 and 20Y2, is shown as follows: 1 2 Dec. 31, 2013 Dec. 31, 2012 Assets 3 Cash 4 Accounts receivable (net) 5 Inventories 6 Investments 7 Land 8 Equipment 9 Accumulated depreciation-equipment $625,080.00 $586,430.00 228,260.00 209,470.00 641,070.00 616,400.00 0.00 240,170.00 327,640.00 0.00 705,000.00 552,830.00 (165,670.00) (148,610.00) 10 Total assets $2,361,380.00 $2,056,690.00 11 Liabilities and Stockholders' Equity 12 Accounts payable (merchandise creditors) $425,090.00 $405,900.00 13 Accrued expenses payable (operating expenses) 43,140.00 52,460.00 14 Dividends payable 23,780.00 19,970.00