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, 20Y9 Dec. 31, 20Y8 $224,990 $210,260 81,510 75,520 230,080 223,590 0 86,620 118,010 0 253,860 197,670 (59,430) (53,310) $849,020 $740,350 Accounts payable (merchandise creditors) $153,670 $145,850 Accrued expenses payable (operating expenses) 15,280 19,250 Dividends payable 8,490 6,660 Common stock, $10 par 45,850 36,280 Paid-in capital in excess of par-common stock 172,350 100,690 Retained earnings 453,380 431,620 Check My Work