9B06BO FINANCIAL STATEMENTS Income Statement For Year Ending December 31 Sales 2003 2002 2001 6,500,000 5,550,0004,050,000 3,385,500 2,430,000 2,164,500 1,620,000 485,600 287,200 158,500 1,690,000 1,387,500 1,012,500 449,000 50,645 398,355 159,342 239,013 Cost of Goods Sold Gross Profit 3,965,000 2,535,000 Depreciation Other Operating Expenses Earnings Before Interest and Taxes 359400 331,956 27,444 10,978 16,467 489,8004 Interest 160,125 329,675 131,870 197,805 Earnings Before Taxes Income Taxes Net Income Balance Sheet For Year Ending December 31 2003 2002 2001 Cash Accounts Receivable Inventories Prepaid Expenses Total Current Assets 57,000 95,000 1,050,000 42,000 1,244,000 110,000 59,000 155,000 45,000 540,000 25,000 765,000 7,288,800 4,819,2003,245,000 1,660,000 4,856,000 2,872,000 1,585,000 6,100,0003,800,000 2,350,000 36,000 928,000 Property. Plant and Equipment Less: Accumulative Depreciation 2,432,800 1,947,200 Net Property, Plant and Equipment Total Assets Accounts Payable Line of Credit Current Portion of Long-term Debt 440,556 570,638 325,346 1,336,540 165,000 353,000 162,000 680,000 99,000 267,435 41,461 407,895 414,605 Total Current Liabilities Long-term Debt 3,253,460 1,620,000 uit 1,510,000 1,500,0001,527,500 Total Liabilities and Equity 3,800,000 2,350,000