The following information pertains to Diane Company. Assume that all balance sheet amounts represent both...

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Assets
Cash and short-term investments	$40,202
Accounts receivable (net)	26,636
Inventory	25,068
Property, plant, and equipment	233,212
Total Assets	$325,118

Liabilities and Stockholders' Equity
Current liabilities	$59,613
Long-term liabilities	98,753
Common stock	110,502
Retained earnings	56,250
Total liabilities and stockholders' equity	$325,118

Income Statement
Sales	$90,631
Cost of goods sold	36,252
Gross margin	$54,379
Operating expenses	(25,067)
Interest expense	(4,532)
Net income	$24,780

Number of shares of common stock outstanding	5,625
Market price of common stock	$35
Total dividends paid	$9,000
Cash provided by operations	$30,000

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