The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: Cash Accounts receivable (net) Inventories Investments Land Equipment Assets Accumulated depreciation-equipment Total assets Liabilities and Stockholders' Equity Dec. 31, 2019 Dec. 31, 2018 $254,840 $234,870 92,320 84,360 260,610 249,770 0 96,760 133,670 287,530 220,810 (67,320) (59,550) $961,650 $827,020 Accounts payable $174,060 $162,920 Accrued expenses payable 17,310 21,500 Dividends payable 9,620 7,440 Common stock, $10 par 51,930 40,520 Excess of paid-in capital over par 195,210 112,470 Retained earnings 513,520 482,170 Total liabilities and stockholders' equity $961,650 $827,020