Increase (Decrease)

2008 2007 Amount

Assets

Current Assets:

Cash $1,200 $2,350 $(1,150)*

Accounts receivable 6,000 4,000 2000

Inventory 8,000 10,000 -2000

Prepaid Expenses 3,000 120 180

---------- ----------- ----------

Total current assets $15,500 $28,970 -970

----------- ----------- ----------

Property and equipment:

Land 4,000 4,000 0

Building 12,000 8,500 3,500

----------- ----------- ----------

Total property and equipment 16,000 12,500 3,500

---------- ----------- ----------

Total assets 31,500 28,970 2,530

====== ====== ======

Liabilities and
Stockholders' Equity

Current liabilities:

Accounts payables $5,800 $4,000 1800

Accrued payables 900 400 500

Notes payables 300 600 -300

---------- ---------- -----------

Total current liabilities 7,000 5,000 2,000

---------- ---------- ----------

Long term liabilities:

Bonds payable 8% 7,500 8,000 -500

 ---------- ---------- ----------

Total long term liabilities 7,500 8,000 -500

---------- ---------- ----------

Total Liabilities $145,00 13,000 1,500

Stock holders equity:

Preferred stock, 100 par, 6%,
$100 liquidation value $2,000 $2,000 0

Common stock, $12 par 6,000 6,000 0

Additional paid in capital 1,000 1,000 0

---------- ---------- ---------

Total paid in capital 9,000 9,000 0

Retained earnings 8,000 6,970 1,030

---------- ---------- ----------

Total stockholders' equity 17,000 15,970 1,030

---------- ---------- ----------

Total liabilities and
stockholders' equity $31,500 $28,970 $2,530
Increase (Decrease)

Percent

-48.90%

50%

-20.00%

150.00%

----------

-5.90%

---------

0%

41.20%

28%

---------

8.70%

======

45%

125%

-50%

---------

40%

-----------

-6.30%
----------

6.30%

----------

-11.50%

0%

0%

0%

--------

0%

14.80%

----------

6.40%

---------

8.70%