T equila Sunrise Inn Balance Sheet As of December 31, 2009 and 2010 Condensed Income Statement 2009 _ 2010 _ Liabilities and Owner's Equity Current Liabilities: Accounts Payable $ 100,000 $ 115,000 Accrued Wages ... $ 10,000 $ 10,000 Dividends Payable $ 20,000 $ 25,000 Total Current Liabilities $ 130,000 $ 150,000 Long Term Debt Total Liabilities Owners'Equity Common Stock Additional P aid In Capital Retained Eamings Total Owners' E quity Total Liabilities and Owners' Equity For the Year ended December 31, 2010 $1,475,000$1,350,000

Condensed Income Statement For the Year ended December 31,2010