The following information was obtained from the records of Shae, Inc. Merchandise inventory 99,000 Notes payable (ong-term) 110,000 Sales 330.000 Buildings and equipment 198,000 Selling, general, and administrative expenses 33,000 Accounts receivable 49,500 Common stock (20,000 shares) 140,000 Income tax expense 24,090 Cash 165,516 Retained earnings, 1/1/13 86,100 Accrued liabilities 6,600 Cost of goods sold 198,000 Accumulated depreciation 89,100 Interest expense 18,700 Accounts payable 33.000 Dividends declared and paid during 2013 8,994 Except as otherwise indicated assume that all balance sheet items reflect account balances at Decembe 31, 2013, and that all income statement items reflect activities that occurred during the year ended December 31, 2013. There were no changes in paid-in capital the year