Builtrite had sales of $700,000 and COGS of $280,000. In addition, operating expenses were calculated at 25% of sales.

Builtrite had sales of $700,000 and COGS of $280,000.  In addition, operating expenses were calculated at 25% of sales.  Builtrite also received dividends of $40,000 and paid out common stock dividends of $25,000 to its stockholders.  A long-term capital gain of $55,000 was realized during the year along with a capital loss of $70,000