=+EX 11-22 Contingent liabilities obj. 5 Austin Technology Co. had the following current assets and liabilities for two comparative years:

Dec. 31, 2010 Dec. 31, 2009 Current assets:

Cash $370,000 $ 448,000 Accounts receivable 400,000 410,000 Inventory 220,000 180,000 _________ __________ Total current assets $990,000 $1,038,000 _________ _________ __________ __________