The current year financial statements for Blue Water Company and Prime Fish Company are presented below Blue Water Prime Fish Balance sheet: Cash Accounts receivable (net) Inventory Property & equipment (net) Other assets Total assets Current liabilities Long-term debt (interest rate: 15%) Capital stock ($10 par value) Additional paid-in capital Retained earnings Total liabilities and stockholders' equity Income statement: Sales revenue (1/2 on credit) Cost of goods sold Operating expenses Net income Other data: Per share stock price at end of current year Average income tax rate Dividends declared and paid in current year $ 41,700 $ 20,300 33,100 44,200 409,400 312,000 S 413,900S 819,000 S 59,500 61,400 519,000 106,700 72,400 41,500 95,500 150,500 84,700 $ 95,500 69,900 152,900 29,700 65,900 $ 413,900 9 413,900S 819,000 s 436,500 s 795,000 (400,700) (162,400) (311,700) $ 82,600 (237,500) 36,600 22.7 45 45% $ 33,700 151,500