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 Liabilities and Stockholders' Equity Dec. 31, 20Y9 Dec. 31, 20Y8 $317,660 $298,570 115,080 107,230 324,860 317,490 0 123,000 166,620 358,420 280,690 (83,910) (75,690) $1,198,730 $1,051,290 Accounts payable (merchandise creditors) $216,970 $207,100 Accrued expenses payable (operating expenses) 21,580 27,330 Dividends payable 11,990 9,460 Common stock, $10 par 64,730 51,510 Paid-in capital in excess of par-common stock 243,340 142,980 Retained earnings 640,120 612,910 Total liabilities and stockholders' equity $1,198,730 $1,051,290