Revenues $190,000) a $ (2,190,000) 0 Expenses 1,551,500 9 1,551,500 0 Net income (636,500) 9 (636,500) 0 Retained earnings, 171 (971,000) 9 (971,000) 9 Net income (636,500) 0 (636,500) a Dividends declared 157,000 9 157,000 0 Retained eamings, 12,131 $ (1,452,500) 9 $ (1,452,500) a Cash $ 176,000 9 $ 181,000 9 $ 357,000 a Receivables and inventory 566,000 9 157,000 9 14,100 9 710,900 0 Property, plant and equipment 1,770,000 0 505,000 a 153,000 9 2,426,000 0 Investment in Seguros 1,282,300 9 0 0 Research and development asset 195,000 9 195,000 a Goodwill Trademarks 331,000 9 166,000 9 52,400 9 571,400 a Total assets $ 4,127,300 $ 1,031,000 $ 4,262,300 Liabilities $ (526,000) 9 $ (255,000) 9 $ (761,000) 0 Contingent performance obligation (52,500) 9 (62,500) 0 Common stock (704,950) 9 (200,000) a 200,000 9 (704,950) 0 Additional paid-in capital (1,361,350) 0 (70,000) a 70,000 9 (1,361 ,350) o Retained earnings (1,452,500) 9 (506,000) 9 506,000 9 (1,452,500) 0 Totai liabilities and equities $14 127 300) $11 031 000) $1 176 400 $ 14.100 $ (4,382,300)