The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: December December 31, 20Y9 31, 2018 Assets Cash Accounts receivable (net) $224,300 $209,130 81,260 75,110 Inventories 229,370 222,390 Investments Land Equipment Accumulated depreciation-equipment Total assets 0 86,160 117,650 0 253,080 196,610 (59,250) (53,020) $846,410 $736,380 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $153,200 $145,070 Accrued expenses payable (operating expenses) 15,240 19,150 Dividends payable 8,460 6,630 Common stock, $10 par 45,710 36,080 Paid-in capital in excess of par-common stock 171,820 100,150 Retained earnings 451,980 429,300 Total liabilities and stockholders' equity $846,410 $736,380