The comparative financial statements prepared at December 31, 2010, for King Company showed the following summarized data:

Required:
1. Complete the following columns for each item in the preceding comparative financial statements:
INCREASE (DECREASE)
2010 OVER 2009
Amount Percent
2. By what amount did working capital change? What was the amount of cash inflow from revenues for2010?

2010 2009 Income Statement Sales revenue Cost of goods sold Gross profit Operating expenses and interest expense Pretax income Income tax Net income Balance Sheet Cash Accounts receivable (net) Inventory Operational assets (net) $190,000 112,000 78,000 56,000 22,000 8.000 14,000 S167,000 100,000 67,000 53,000 14,000 4,000 0,000 $ 4,000 14,000 40,000 45,000 103,000 S 7,000 18,000 34,000 38,000 97,000 Current liabilities (no interest) Long-term liabilities (10% interest) Common stock (par $5) Retained earnings 16,000 45,000 30,000 12,000 103,000 S 17,000 45,000 30,000 5,000 97,000 One-third was credit sales During 2010, cash dividends amounting to $3,000 were declared and paid.