4. (25 min.)
     1.                         HENRY COMPANY
                              Income Statement
                     For the Year Ended December 31, 1999
     
     Revenues
     Net sales ................................              $1,250,000
     Dividend revenue .........................                  38,000
         Total revenues .......................               1,288,000
     
     Expenses
     ————————
     Cost of goods sold .......................   $684,000
     Selling expenses .........................     45,000
     Administrative expenses ..................    239,000
     Interest expense .........................     58,000
     Loss from employee strike ................    233,000
         Total expenses .......................               1,259,000
     Net income ...............................              $   29,000
                                                                       
     
     2.                         HENRY COMPANY
                              Income Statement
                     For the Year Ended December 31, 1999
     
        Net sales ....................                   $1,250,000
        Cost of goods sold ...........                      684,000
        Gross profit .................                      566,000
        Operating expenses
          Selling expenses ...........          $ 45,000
          Administrative expenses ....           239,000
            Total operating expenses                        284,000
        Income from operations .......                      282,000
        Other revenues and gains
          Dividend revenue ...........            38,000
        Other expenses and losses
          Interest expense ........... $ 58,000
          Loss from employee strike ..  233,000  291,000    253,000
        Net income ...................                   $   29,000