The following financial statements apply to Rundle Company: 2019 2018 Revenues Net sales Other revenues $211,400 9,100 $175,300 5,900 Total revenues 220,500 181,200 Expenses Cost of goods sold 124,100 101,700 Selling expenses 19,700 17,700 General and administrative expenses 10,800 9,800 Interest expense 2,900 2,900 Income tax expense 19,600 16,800 Total expenses 177,100 148,900 $ 43,400 $ 32,300 Net income Assets Current assets Cash Marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Plant and equipment (net) Intangibles Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Accounts payable Other Total current liabilities Bonds payable Total liabilities $ 4,100 $ 7,600 2,000 2,000 36,600 30,600 100,300 94,500 3,100 2,100 146,100 136,800 106,100 106,100 21,800 0 $274,000 $242,900 $ 38,300 16,900 $ 55,000 16,500 55,200 71,500 64,900 65,900 120,100 137,400 Stockholders' equity Common stock (43,000 shares) 113,200 113,200 Retained earnings 40,700 (7,700) Total stockholders' equity 153,900 105,500 Total liabilities and stockholders' equity $274,000 $242,900