Holly Company Income Statement 2009 2008 Changes Change % 9,000 5.400 3,800 200 Sales Cost of Goods Sold Gross Profit Depreciation expense other operating expenses Income from Operations Gain on Sale of Land Net Income 7,000 4,200 2,800 200 2.400 200 0 200 2,700 700 100 800 Holly Company Comparative Balance Sheet 2009 2008 Changes Change 350 Assets Cash Accts Receivable Inventory Land Plant & Equipment Accumulated Depreciation Total Assets 1.045 550 1,460 0 1,700 -720 4,035 50 1,450 500 1,700 -520 4020 Llabilities & Equity Accounts Payable Long Term Debt Common Stock Retained Eamingo Total Liability & Equity 715 200 800 700 500 800 2.000 5020 2.320 4035 Holly 2007 blank Holly 2008 blank Holly 2009 blank