The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: Line Item Description December 31, 20Y9 December 31, 20Y8 Assets Cash $242,590 $224,100 Accounts receivable (net) 87,880 80,490 Inventories 248,080 238,300 Investments 0 92,320 Land 127,240 0 Equipment 273,710 210,690 Accumulated depreciationequipment (64,080) (56,810) Total assets $915,420 $789,090 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $165,690 $155,450 Accrued expenses payable (operating expenses) 16,480 20,520 Dividends payable 9,150 7,100 Common stock, $10 par 49,430 38,670 Paid-in capital in excess of parcommon stock 185,830 107,320 Retained earnings 488,840 460,030 Total liabilities and stockholders' e