Blige Inc.
Comparative Retained Earnings Statement
For the Years Ended December 31, 2014 and 2013
			2014		2013
Retained earnings, January 1			$1,562,100		$1,325,300
Add net income for year			350,400		271,400
Total			$1,912,500		$1,596,700
Deduct dividends
	On preferred stock		$11,200		$11,200
	On common stock		23,400		23,400
		Total	$34,600		$34,600
Retained earnings, December 31			$1,877,900		$1,562,100

Blige Inc.
Comparative Income Statement
For the Years Ended December 31, 2014 and 2013
	2014		2013
Sales	$2,425,450		$2,231,400
Sales returns and allowances	12,070		7,850
Net sales	$2,413,380		$2,223,550
Cost of goods sold	825,630		759,580
Gross profit	$1,587,750		$1,463,970
Selling expenses	$566,920		$684,950
Administrative expenses	482,940		402,270
Total operating expenses	1,049,860		1,087,220
Income from operations	$537,890		$376,750
Other income	28,310		24,050
	$566,200		$400,800
Other expense (interest)	168,000		92,800
Income before income tax	$398,200		$308,000
Income tax expense	47,800		36,600
Net income	$350,400		$271,400

Blige Inc.
Comparative Balance Sheet
December 31, 2014 and 2013
			Dec. 31, 2014		Dec. 31, 2013
Assets
Current assets
	Cash		$593,210		$330,180
	Temporary investments		897,840		547,160
	Accounts receivable (net)		430,700		401,500
	Inventories		321,200		248,200
	Prepaid expenses		112,227		66,040
		Total current assets	$2,355,177		$1,593,080
Long-term investments			286,413		-164,527
Property, plant, and equipment (net)			2,730,000		2,457,000
Total assets			$5,371,590		$3,885,553
Liabilities
Current liabilities			$713,690		$483,453
Long-term liabilities
	Mortgage note payable, 8%, due 2019		$940,000		$0
	Bonds payable, 8%, due 2015		1,160,000		1,160,000
		Total long-term liabilities	$2,100,000		$1,160,000
Total liabilities			$2,813,690		$1,643,453
Stockholders' Equity
Preferred $0.70 stock, $20 par			$320,000		$320,000
Common stock, $10 par			360,000		360,000
Retained earnings			1,877,900		1,562,100
	Total stockholders' equity		$2,557,900		$2,242,100
Total liabilities and stockholders' equity			$5,371,590		$3,885,553

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