total dividends declared and paid on December 31,2011 are 10,000

cash us stated after the dividends were paid

1,000 shares are authorized 100 outstanding shares of $10 per common stock

inventory and equipment are equal

BALANCE SHEET, AS OF DECEMBER 31,2011

ASSETS LIABILITY AND EQUITY

cash 8,0000 ACCOUNTS PAYABLE 9,000

account receivable 12,000 DIVIDENDS PAYABLE BOX 9________

inventory box1_______ COMMON STOCK BOX 10_________

equipment box 2______ RETAINED EARNINGS 30,000

total assets box3______ TOTAL LIABILITIES AND EQUITY BOX 11________

INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31,2011

revenues 100,000

Cost of Sales BOX 4______

Other Expenses 10,000

Net Income BOX 5______

STATEMENT OF RETAINED EARNINGS FOR THE YEAR ENDED DECEMBER 31, 2011

beg balance 10,000

net income box 6__________

dividents box 7__________

ending balance box 8______________