The comparative balance sheet of Merrick Equipment Co. for December 31, 2019 and 20Y8, is as follows: Cash Accounts receivable (net) Inventories Investments Land Equipment Assets Accumulated depreciation-equipment Total assets Dec. 31, 2019 Dec. 31, 2018 $311,550 $291,480 112,860 104,690 318,610 309,960 0 120,080 163,420 0 351,520 274,040 (82,300) (73,900) $1,175,660 $1,026,350 Liabilities and Stockholders' Equity Accounts payable $212,790 $202,190 Accrued expenses payable 21,160 26,690 Dividends payable 11,760 9,240 Common stock, $10 par 63,490 50,290 Excess of paid-in capital over par 238,660 139,580 Retained earnings 627,800 598,360 Check My Work Previous Next