The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, Is as follows: Dec. 31, 2019 Dec. 31, 2018 Cash Accounts receivable (net) Inventories Investments Land Equipment Assets Accumulated depreciation-equipment Total assets $248,450 $232,450 90,000 83,480 254,080 247,190 0 95,760 130,320 0 280,330 218,530 (65,630) (58,930) $937,550 $818,480 Liabilities and Stockholders' Equity Accounts payable $169,700 $161,240 Accrued expenses payable 16,880 21,280 Dividends payable 9,380 7,370 Common stock, $10 par 50,630 40,110 Excess of paid-in capital over par 190,320 111,310 Retained earnings 500,640 477,170 Total liabilities and stockholders' equity $937,550 $818,480 Additional data obtained from an examination of the accounts in the ledger for 2019 are as follows: