ect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: Dec. 31, Dec. 31, 20Y9 20ΥΒ Assets Cash $265,870 $249,030 Accounts receivable (net) 96,310 89,440 Inventories 271,890 264,820 Investments 102,590 Land 139,460 Equipment 299,980 234,120 Accumulated depreciation-equipment (70,230) (63,130) Total assets $1,003,280 $876,870 Liabilities and Stockholders' Equity $181,590 $172,740 Accounts payable (merchandise creditors) 18,060 22,800 Accrued expenses payable (operating expenses) 10,030 7,890 Dividends payable 54,180 42,970 Common stock, $10 par 203,670 119,250 Paid-in capital in excess of par-common stock

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