The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: Dec. 31, 20Y9 Dec. 31, 20Y8 Assets Cash $222,910 $208,790 Accounts receivable (net) 80,750 74,990 Inventories 227,950 222,020 Investments 0 86,010 Land 116,920 0 Equipment 251,510 196,290 Accumulated depreciationequipment (58,880) (52,930) Total assets $841,160 $735,170 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $152,250 $144,830 Accrued expenses payable (operating expenses) 15,140 19,110 Dividends payable 8,410 6,620 Common stock, $10 par 45,420 36,020 Paid-in capital in excess of parcommon stock 170,760 99,980 Retained earnings 449,180 428,610 Tota