The following is the balance sheet of Thornton Company for Year 3: The average number of common stock shares outstanding during Year 3 was 850 shares. Net income for the year was 14,300 ( Round your answer to 2 decimal places. For Percy, 0.2345 should be entered as 23.45.)

Thornton Balance sheet Assets. 15,400 cash. 7,660 Marketable securities. 12,800 Accounts receivable. 10,550 Inventory. 173,000 Accumulated depreciation. 12,900 Total assets. 206,510

Liabilities and stockholders Equity Accounts payable. 8, 030 Current notes payable. 3, 080 Mortgage payable. 4, 350 Bond payable. 21, 420 Common stock. 114, 700 Retained earnings. 54, 900 Total liabilities and stockholders equity. 206, 510