The financial statements for Royale and Cavalier companies are summarized here: Royale Company Cavalier Company Balance Sheet Cash Accounts Receivable, Net Inventory Equipment, Net Other Assets $ 26,000 56,000 112,000 552,000 141,000 $ 46,000 17,000 27,000 162,000 47,000 Total Assets $887,000 $299,000 $122,000 192,000 481,000 51,000 41,000 $17,000 57,000 211,000 5,000 9,000 Current Liabilities Note Payable (long-term) Common Stock (par $20) Additional Paid-in Capital Retained Earnings Total Liabilities and Stockholders' Equity $887,000 $299,000 Income Statement Sales Revenue Cost of Goods Sold Other Expenses $803,000 481,000 241,000 $283,000 151,000 96,000 Net Income $ 81,000 $ 36,000 Other Data Per share price at end of year Selected Data from Previous Year Accounts Receivable, Net Note Payable (long-term) Equipment, Net Inventory Total Stockholders' Equity $ 19.00 $11.00 $ 48,000 192,000 552,000 96,000 573,000 $15,000 57,000 162,000 39,000 225,000