The following financial statements apply to Stuart Company: Year 2 $ 220,200 Year 1 $ 182,500 Revenues Expenses Cost of goods sold Selling expenses General and administrative expenses Interest expense Income tax expense Total expenses 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 Stockholders' equity Common stock (44,000 shares) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 125,500 102,500 19,300 17,300 9,300 8,300 2,200 2,200 20,400 16,500 176,700 146,800 $ 43,500 $ 35,700 $ 4,300 $ 7,900 1,700 1,700 35,100 30,700 101,300 94,100 4,600 3,600 147,000 138,000 105,300 105,300 20,500 0 $ 272,800 $ 243,300 $ 38,500 $ 34,200 15,300 16,500 53,800 50,700 64,700 65,700 118,500 116,400 113,000 113,000 41,300 13,900 154,300 126,900 $ 272,800 $ 243,300