Dec. 31, 2018	Dec. 31, 2017
Assets
Cash	184,200	165,400
Accounts Receivable	252,100	224,300
Inventories	300,200	348,700
Prepaid Expenses	9,500	8,000
Land	120,000	120,000
Building	600,000	425,000
Accumulated Depreciation-Buildings	215,000	194,000
Machinery	310,000	310,000
Accumulated Depreciation-Machinery	83,500	75,000
Patents	50,000	54,000
Liabilities and Stockholders Equity
Accounts Payable	284,300	295,700
Dividends Payable	15,000	10,000
Salaries Payable	19,500	22,500
Mortgage Note Payable	70,000	0
Bond Payable	0	102,000
Common Stock	22,000	20,000
PIC in excess	150,000	50,000
Retained Earnings	966,700	886,200
Totals

A. Dividends declared 15,000

B. Net income is 95,500

Check Figures

Operating 133,800

Investing -175,000

Financing 60,000

Operating	Investing	Financing