The comparative financial statements of Optical Solutions Inc. are as follows. T

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The comparative financial statements of Optical Solutions Inc. are as follows. The market price of Optical Solutions Inc. common stock was $60.00 on December 31, 2010. Optical Solutions Inc. Comparative Retained Earnings Statement For the Years Ended December 31 , 2010 and 2009 x 2010 2009 Retained earnings, January 1 $604,000 $306,000 Add net income for year 428,000 314,000 Total $1,032,000 $620,000 Deduct dividends: On preferred stock $4,000 $4,000 On common stock 12,000 12,000 Total $16,000 $16,000 Retained earnings, December 31 $1,016,000 $604,000 M m Optical Solutions Inc. Comparative Income Statement For the Years Ended December 31 , 2010 and 2009 x 2010 2009 Sales $1,608,000 $1,481,600 Sales returns and allowances 5,920 6,000 Net sales $1,602,080 $1,475,600 Cost of goods sold 480,200 499,200 Gross profit $1,121,880 $976,400 Selling expenses $324,000 $352,000 Administrative expenses 234,000 211,200 Total operating expenses $558,000 $563,200 Income from operations $563,880 $413,200 Other income 24,000 19,200 x $587,880 $432,400 Other expense (interest) 110,720 80,000 Income before income tax $477,160 $352,400 Income tax expense 49,160 38,400 Net income $428,000 $314,000 m m Optical Solutions Inc. Comparative Balance Sheet December 31 , 201 0 and 2009 z Dec. 31, 2010 Dec. 31, 2009 Assets Current assets: Cash $240,000 $162,400 Temporary investments 364,000 328,800 Accounts receivable (net) 260,000 211,200 Inventories 208,000 66,400 Prepaid expenses 44,000 23,200 Total current assets $1,116,000 $792,000 Long-term investments 204,800 256,000 Property, plant, and equipment (net) 1,539,200 976,000 Total assets $2,860,000 $2,024,000 Liabilities Current liabilities $360,000 $320,000 Long-term liabilities: Mortgage note payable, 8%, due 2015 $384,000 $0 Bonds payable, 10%, due 2019 800,000 800,000 Total long-term liabilities $1,184,000 $800,000 Total liabilities $1,544,000 $1,120,000 Stockholders

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the question is not clear as because the table u ve mentioned is very confusing... please repost the question in a proper tabular form so dat i can solve it and give u the best possible answer....

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