Assets Cash Accounts receivable (net) $261,390


94,690


​


$240,910


86,520


​


Inventories 267,310256,180 Investments 0 Land 137,1000 Equipment 294,920226,490 Accumulated depreciation-equipment Total assets \begin{tabular}{rrr} (69,050)


​


$986,360


(61,080)


​


& & $848,270 \\ \hline \hline \end{tabular} Liabilities and Stockholders' Equity Accounts payable $178,530$167,110 Accrued expenses payable 17,75022,060 Dividends payable Common stock, $10 par Excess of paid-in capital over par Retained earnings Total liabilities and stockholders' equity Additional data obtained from an examination of the accounts in the ledger for 20Y are as follows:
a. Equipment and land were acquired for cash.
b. There were no disposals of equipment during the year.
c. The investments were sold for $89,330 cash.
d. The common stock was issued for cash.
e. There was a $72,060 credit to Retained Earnings for net income.
f. There was a $39,870 debit to Retained Earnings for cash dividends declared. Cpeh flnwe from liead farl anoratinn artivitioe.