2010

2009

Inventory

$ 54,000

$ 48,000

Current assets

81,000

106,000

Total assets

382,000

326,000

Current liabilities

27,000

36,000

Total liabilities

102,000

88,000

Stockholders’ equity

280,000

238,000

Net sales

784,000

697,000

Cost of goods sold

306,000

277,000

Net income

134,000

90,000

Tax expense

22,000

18,000

Interest expense

12,000

12,000

Dividends paid to
preferred stockholders

20,000

20,000

Dividends paid to common
stockholders

15,000

10,000