The financial statements for Castile Products, Inc., are given below: Castile Products, Inc. Balance Sheet December 31 Assets Current assets $ 24,000 250,000 330,000 10,000 Cash Accounts receivable, net Merchandise inventory Prepaid expenses Total current assets 614,000 880,000 Property and equipment, net Total assets Liabilities and Stockholders' Equity $1,494,000 Liabilities Current liabilities $ 270,000 Bonds payable, 10% otal liabilities Common stock, $5 par value 310,000 580,000 $190,000 Stockholders' equity: Retained earnings 724,000 914,000 $1,494,000 Total stockholders' equity Total liabilities and equity Castile Products, Inc. Income Statement For the Year Ended December 31 Sales Cost of goods sold $2,110,000 1,220,000 Gross margin Selling and administrative expenses 890,000 610,000 Net operating income Interest expense 280,000 31,000 Net income before taxes Income taxes (30%) 249,000 74,700 Net income $ 174,300 Account balances at the beginning of the year were: accounts receivable, $230,000; and inventory $290,000. All sales were on accoun Assume that Castile Products, Inc., paid dividends of $3.75 per share during the year. Also assume that the company's common stock had a market price of $73 at the end of the year and there was no change in the number of outstanding shares of common stock during the year