Comparative financial statement data for Carmono Company follow:

This Year Last Year

Assets

Cash $ $7\mathrm{.}50$ $ $14\mathrm{.}00$

Accounts receivable $50\mathrm{.}0043\mathrm{.}00$

Inventory $92\mathrm{.}5079\mathrm{.}20$

Total current assets $150\mathrm{.}00136\mathrm{.}20$

Property, plant, and equipment $231\mathrm{.}00194\mathrm{.}00$

Less accumulated depreciation $45\mathrm{.}6034\mathrm{.}20$

Net property, plant, and equipment $185\mathrm{.}40159\mathrm{.}80$

Total assets $ $335\mathrm{.}40$ $ $296\mathrm{.}00$

Liabilities and Stockholders$$ Equity

Accounts payable $ $55\mathrm{.}50$ $ $46\mathrm{.}00$

Common stock $118\mathrm{.}0091\mathrm{.}00$

Retained earnings $161\mathrm{.}90159\mathrm{.}00$

Total liabilities and stockholders$$ equity $ $335\mathrm{.}40$ $ $296\mathrm{.}00$

For this year, the company reported net income as follows:

Sales $ $850\mathrm{.}00$

Cost of goods sold $510\mathrm{.}00$

Gross margin $340\mathrm{.}00$

Selling and administrative expenses $320\mathrm{.}00$

Net income $ $20\mathrm{.}00$

This year Carmono declared and paid a cash dividend. There were no sales of property, plant, and equipment during this year. The company did not repurchase any of its own stock this year.