| Assets | Division C | |||
| Current Assets: | Accounts Payable | 174,000 | ||
| Cash | 67,000 | Accounts Receivable | 176,000 | |
| Accounts Receivable | $176,000 | Cash | 67,000 | |
| Inventory | 206,000 | Common Stock | 165,000 | |
| Long Term Assets | Cost of Goods Sold Expense | 760,000 | ||
| Property, Land, and Equiptment | 257,000 | Depreciation Expense | 72,000 | |
| Total Assets | 706,000 | Income Tax Expense | 50,000 | |
| Income Tax Payable | 44,000 | |||
| Liabilities | Interest Expense | 41,000 | ||
| Current Liabilities | Inventory | 206,000 | ||
| Accounts Payable | $174,000 | Notes Payable (due Dec. 31, 2004) | 119,000 | |
| Property, Plant and Equipment | 257,000 | |||
| Taxes Payable | 44,000 | Rental Expense | 64,000 | |
| Retained Earnings, 1/1/99 | 160,000 | |||
| Long Term Liabilities | Salaries Expense | 280,000 | ||
| Notes Payable | 119,000 | Sales Revenue | 1,371,000 | |
| Total liabilities | 337,000 | Supplies Expense | 60,000 | |
| Stockholders Equity | ||||
| Common Stock | 165,000 | |||
| Retained Earnings | 204,000 | |||
| Total Liability and Stockholder's Equity | $706,000 |