2. Financial Disclosures Notes to Financial Statements Management Discussion and Analysis Managements Responsibilities Auditors' Report Executive Compensation Tate's Bake Shop Balance Sheet December 31, 2016 ASSETS Current Assets Cash and cash equivalents Short-term investments Accounts receivable, net of $3,300 allowance for bad debts Inventory Supplies Other current assets Total Current Assets Long-term investments $231,993 144,500 101,882 82,382 34,229 104,918 699,904 245,088 Copyright 29,654 84,020 Property, Plant and Equipment Land Baking Equipment Caf Fixtures Building 54,822 21,932 213,955 290,709 (54,290) 236,419 Less: Accumulated Depreciation Property, plant, and equipment, net Total Assets 320,439 1,295,085 Building 213,955 290,709 (54,290) 236,419 Less: Accumulated Depreciation Property, plant, and equipment, net Total Assets 320,439 1,295,085 LIABILITIES Current Liabilities Accounts payable Short-term notes payable Current portion, long term debt Accrued compensation Unearned revenues Total Current Liabilities $21,002 4,751 10,341 27,249 76,002 139,345 Non-Current Liabilities Long-term debt Deferred income taxes Other non-current liabilities Total Non-Current Liabilities Total Liabilities 91,225 33,902 31,332 156,459 295,804 100,000 EQUITY Preferred Stock, 10%, 2,000,000 shares authorized, 100,000 shares issued Common Stock, $1 par value, 1,000,000 shares authorized, 130,000 issued, 120,000 shares outstanding Additional paid-in capital Treasury stock, 10,000 shares Retained earnings Total Owners' Equity Total Liabilities and Owners' Equity 130,000 520,000 (140,000) 389,281 999,281 $1,295,085 2. Financial Disclosures Notes to Financial Statements Management Discussion and Analysis Managements Responsibilities Auditors' Report Executive Compensation Tate's Bake Shop Balance Sheet December 31, 2016 ASSETS Current Assets Cash and cash equivalents Short-term investments Accounts receivable, net of $3,300 allowance for bad debts Inventory Supplies Other current assets Total Current Assets Long-term investments $231,993 144,500 101,882 82,382 34,229 104,918 699,904 245,088 Copyright 29,654 84,020 Property, Plant and Equipment Land Baking Equipment Caf Fixtures Building 54,822 21,932 213,955 290,709 (54,290) 236,419 Less: Accumulated Depreciation Property, plant, and equipment, net Total Assets 320,439 1,295,085 Building 213,955 290,709 (54,290) 236,419 Less: Accumulated Depreciation Property, plant, and equipment, net Total Assets 320,439 1,295,085 LIABILITIES Current Liabilities Accounts payable Short-term notes payable Current portion, long term debt Accrued compensation Unearned revenues Total Current Liabilities $21,002 4,751 10,341 27,249 76,002 139,345 Non-Current Liabilities Long-term debt Deferred income taxes Other non-current liabilities Total Non-Current Liabilities Total Liabilities 91,225 33,902 31,332 156,459 295,804 100,000 EQUITY Preferred Stock, 10%, 2,000,000 shares authorized, 100,000 shares issued Common Stock, $1 par value, 1,000,000 shares authorized, 130,000 issued, 120,000 shares outstanding Additional paid-in capital Treasury stock, 10,000 shares Retained earnings Total Owners' Equity Total Liabilities and Owners' Equity 130,000 520,000 (140,000) 389,281 999,281 $1,295,085
