=+Lancelot Company has provided the following comparative information:

2010 2009 2008 2007 2006 Net income $ 1,930,500 $1,287,000 $ 975,000 $ 650,000 $ 500,000 Interest expense 400,200 345,000 300,000 240,000 200,000 Income tax expense 477,360 318,240 244,800 163,200 120,000 Total assets (ending balance) 11,498,760 8,845,200 6,804,000 5,040,000 4,200,000 Total stockholders’ equity