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Glein Company Income Statement For the Year Ended December 31, 2010 (in thousands) Sales $4,760 $2,475 50 1,671 Operating Expenses: Cost of goods sold Depreciation
Glein Company Income Statement For the Year Ended December 31, 2010 (in thousands) Sales $4,760 $2,475 50 1,671 Operating Expenses: Cost of goods sold Depreciation expense Other selling and administrative Total Operating Expenses Operating Income Gain on sale of land Incone Before Taxes Income taxes Net Income 4,196 $ 564 22 $ 586 (14) 572 Gleim Company Balance Sheets At December 31 2010 2009 (in thousands) Assets Current Assets Cash Accounts receivable Inventory Supplies Total Current Assets $1,729 1,006 396 9 $3,140 $ BOD 950 500 6 $2,256 $ S Equipment Less: Accumulated depreciation Equipment, net 709 (75) 534 558 (25) 533 $ $ Land Total Assets $ 52 $3,826 $ 65 $2,854 Liabilities: Current Liabilities Accounts payable Taxes payable Total Current Liabilities $ 726 14 $ 740 $ 809 5 $ 814 $ 500 $1,240 155 $ 969 Bonds payable Total Liabilities Stockholders' Equity: Common stock Retained earnings Treasury Stock $ 1100 1,566 (BO) $ 900 1,005 (20) Total Stockholders' Equity $2,586 $1,885 Total Liabilities and Stockholders' Equity $3,826 $2.854 Glein Company Statement of Cash Flows For the Year Ended December 31, 2010 (in thousands)
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