The following balance sheet information is provided for Wade's Company for Year 2: Assets Cash Accounts receivable Inventory $8,000 14,150 16,000 Prepaid expenses 2,800 Plant and equipment, net of depreciation 20,700 Land 14,600 Total assets $76,250 Liabilities and Stockholders' Equity Accounts payable $3,510 Salaries payable 7,030 Bonds payable (due in ten years) 18,000 Common stock, no par 10,500 Retained earnings Total liabilities and stockholders' equity 37,210 $76.2