The following financial statements apply to Robin Company 2015 2014 Revenues Net sales Other revenues $210,500 $175,300 6,000 8,900 Total revenues 219,400 181,300 Expenses Cost of goods sold Selling expenses General and administrative expenses Interest expense Income tax expense 124,300 19,500 9,500 2,000 20,700 101,500 17,500 8,500 2,000 16,700 Total expenses 176,000 146,200 Earnings from continuing operations 35,100 before extraordinary items Extraordinary gain (net of $2,000 tax) 43,400 2,400 Net income S 45,800 35,100 Assets Current assets Cash Marketable securities Accounts receivable Inventories Prepaid expenses $ 5,600 6,000 2,700 31,200 95,400 2,500 2,700 36,900 101,900 3,500 Total current assets 150,600 106,000 20,900 137,800 106,000 Plant and equipment (net) Intangibles Total assets Liabilities and Stockholders' Equity $277,500 $243,800 Liabilities Current liabilities Accounts payable Other S 39,500 15,500 16,400 71,400 65,200 Total current liabilities Bonds payable Total liabilities 55,000 64,200 119,200 136,600 Stockholders' equity Common stock (44,000 shares) Retained earnings 113.900 113,900 44.400 (6,700) Total stockholders' equity 158,300 107,200 Total liabilities and stockholders' equity 277,500 $243,800