=+/ Retained earnings, Dec. 31,2008, 47.5% Balance sheet data for the Dover Hot Tub Company on December

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=+/ Retained earnings, Dec. 31,2008, 47.5%

Balance sheet data for the Dover Hot Tub Company on December 31, the end of the fiscal year, are as follows:

2008 2007 Current assets $768,000 $250,000 Property, plant, and equipment 336,000 650,000 Intangible assets 96,000 100,000 Current liabilities 270,000 175,000 Long-term liabilities 300,000 255,000 Common stock 60,000 70,000 Retained earnings 570,000 500,000

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