20X2 20X1 Variance to Prior Year $ % $ % $ % ASSETS Current Assets Cash 2,098,000 7.5% 1,905,456 6.8% 192,544 10.1% Accounts Receivable 488,000 1.7% 600,000 2.1% (112,000) 5.9% Inventories 105,000 0.4% 95,000 0.3% 10,000 0.5% Prepaids 45,000 0.2% 50,000 0.2% (5,000) 0.3% Total Current Assets 2,736,000 9.7% 2,650,456 9.5% 85,544 4.5% 15 Investments 930,000 3.3% 765,000 2.7% 165,000 8.7% Land 8,500,000 30.2% 3,500,000 30.5% 0.0% Building 12,500,000 44.4% 12,500,000 44.8% 0.0% Furniture, Fixtures and Equipment 9,548,354 33.9% 9,348,554 33.5% 199,800 10.5% Accumulated Depreciation (6,085,468) 21.6% (5,854,358) -21.0% (231,110) -12.1% Total Non-Current Assets 25,392,886 90.3% 25,259,196 90.5% 133,690 7.0% 23 TOTAL ASSETS 28,128,886 100.0% 27,909,652 100.0% 219,234 11.5% 24 25 LIABILITIES 26 Current Liabilities Accounts Payable 513,500 1.83% 700,000 2.5% (186,500) -26.6% 28 Wages Payable 315,000 1.12% 390,000 1.4% (75,000) -10.7% 29 Dividends Payable 10.000 0.04% 0,000 0.1% (20,000) 2.9% 30 Mortgage Payable (Current) 800,000 2.84% 800,000 2.9% 0.0% Total Current Liabilities 1,638,500 5.82% 1,920,000 6.9% (281,500) -40.2% Non Current Liabilities 33 Mortgage 2,054,000 7.30% 2,080,000 7.5% (26,000) .3.7% 34 TOTAL LIABILITIES 3,692,500 13.13% 4,000,000 14.3% (307,500 43.9% 35 36 OWNER'S EQUITY 37 Common Stock 13,000,000 46.22% 14,819,604 53.1% (1,819,604) 259.9% 38 Retained Earnings 11,436,386 40.66% 9,090,048 32.6% 2,346,338 335.2% 39 TOTAL OWNER'S EQUITY 24,436,386 86.87% 23,909,652 85.7% 526,734 75.2% 40 41 TOTAL LIABILITIES AND OWNER'S EQUITY 28,128,886 100.00% 27,909,652 100.0% 219,234 31.3%