32. The Longbranch Western Wear Company has the following financial statements, which are representative of the Page 132 cdifpany's historical average. Income Statement Sales $200,000 Expenses 158 000 Earnings before interest and taxes 42.000 Interest 2,000 Earnings before taxes 40,000 TNHH 20.000 Earnings after tas $ 20,000 Dividends $10.000 Assets Cash Accounts receivable Inventory Current Capital asets Balance Sheet Liabilities and Shareholders' Equity 5 5.000 Accounts payable $5,000 10.000 Acered wages 1.000 15000 Accrued the 2.000 30,000 Current liabilities 8.000 70.000 Notes payable 7.000 Long-term debt 15.000 Common stock 20,000 Readings 30.000 $100,000 Total libilities and equity S100.000 Total at 33. Clyde's Well Servicing has the following financial statements. The balance sheet items. profit margin, and dividend payout have maintained the same relationships the past couple of years: these relationships are anticipated to hold in the future, Clyde's has excess capacity, so there is no expected increase in capital assets. Income Statement Sales $2,000,000 1 260,000 740,000 400,000 55.000 285.000 Cost of goods sold Gross profit Selling and administrative expense Amortization Eamings before interest and taxes. Interest Earnings before taxes Taxes Eamnings available to common shareholders Dividends paid so 235,000 61,000 S 174.000 $ 104 400