The comparative balance sheet of Olson-Jones Industries Inc. for December 31, 20Y2 and 20Y1, is as follows: 1 2 Dec. 31, 20Y2 Dec. 31, 20Y1 Assets 3 Cash 4 Accounts receivable (net) $ Inventories 6 Land 7 Equipment 8 Accumulated depreciation-equipment $489.00 $163.00 283.00 205.00 180.00 111.00 396.00 449.00 228.00 179.00 (56.00) (31.00) 9 Total assets $1,520.00 $1,076.00 10 Liabilities and Stockholders' Equity 11 Accounts payable (merchandise creditors) $171.00 $162.00 12 Dividends payable 30.00 13 Common stock, $1 par 105.00 48.00 14 Paid-in capital: Excess of issue price over par-common stock 248.00 127.00 15 Retained earnings 966.00 739.00