Condensed balance sheet and income statement data for Glassgow Corporation are presented here.

GLASSGOW CORPORATION Balance Sheets December 31
		2012		2011		2010
Cash		$ 31,900		$ 21,900		$ 19,900
Receivables (net)		51,900		46,900		49,900
Other current assets		95,404		100,404		69,404
Investments		60,404		75,404		50,404
Plant and equipment (net)		500,000		370,000		358,000
		$739,608		$614,608		$547,608
Current liabilities		$ 86,900		$ 81,900		$ 71,900
Long-term debt		150,404		90,404		55,404
Common stock, $10 par		325,404		315,404		305,404
Retained earnings		176,900		126,900		114,900
		$739,608		$614,608		$547,608

GLASSGOW CORPORATION Income Statements For the Years Ended December 31
		2012		2011
Sales		$745,404		$605,404
Less: Sales returns and allowances		41,900		31,900
Net sales		703,504		573,504
Cost of goods sold		430,404		355,404
Gross profit		273,100		218,100
Operating expenses (including income taxes)		181,900		151,900
Net income		$ 91,200		$ 66,200

Additional information:

1.

The market price of Glassgow