The comparative balance sheet of Olson-Jones Industries Inc. for December 31, 20Y2 and 20Y1, is as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Assets Cash Accounts receivable (net) Inventories Land Equipment Accumulated depreciation-equipment $116 67 42 96 54 (14) $361 $37 47 26 105 41 ETAL. T.AL.. $249 Total Assets Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Dividends payable Common stock, $1 par Paid-in capital: Excess of issue price over par- common stock Retained earnings $45 $37 24 12 60 29 225 Total liabilities and stockholders' equity $361 $249 The following additional information is taken from the records