=+For the year ending December 31, 2009, Mildew Systems Inc. reported net income of $90,600 and paid dividends of $27,000. Comparative balance sheets as ofDecember 31, 2009 and 2008, are as follows:

MILDEW SYSTEMS INC.

Balance Sheets December 31, Changes 2009 2008 Increase (Decrease)

Assets Current assets:

Cash $ 79,425 $ 62,250 $17,175 Accounts receivable 114,120 78,000 36,120 Merchandise inventory 93,225 89,550 3,675 Office supplies 720 900 (180)

Prepaid insurance 3,975 4,500 (525)

Total current assets $ 291,465 $235,200 $56,265 Property, plant, and equipment:

Land $ 30,000 $ 30,000 $ o Store equipment 40,650 30,000 10,650