ABC COMPANY BALANCE SHEET U A W N- AS OF DECEMBER 31, 2018 ASSETS 2018 2017 CHANGE % CHANGE Current assets Cash $ 501,992 $ 434,215 67,777 15.61% Accounts Receivable 335,272 302,514 32,758 10.83% Inventory 515,174 505,321 9,853 1.95% 10 Prepaid Expenses 251,874 231,100 20,774 8.99% 11 Total current assets 1,604,312 $ 1,473,150 131,162 8.90% 12 Property, plant and equipment 765,215 735,531 29,684 4.04% 13 Accumulated depreciation (218,284) (196,842) (21,442) 10.89% 14 TOTAL ASSETS 2,151,243 $ 2,011,839 139,404 6.93% 15 16 LIABILITIES 17 Current liabilities 18 Accounts payable 248,494 $ 366,864 (118,370) -32.27% 19 Accrued liabilities 122,192 216,533 (94,341) -43.57% 20 Income taxes payable 10,645 25,698 (15,053) -58.58% 21 Current portion of long-term debt 42,200 42,200 0.00% 22 Total current liabilities $ 423,531 $ 651,295 (227,764) -34.97% 23 Long-term liabilities 24 Long-term debt 425,311 400,311 25,000 6.25% 25 TOTAL LIABILITIES $ 848,842 $ 1,051,606 (202,764) -19.28% 26 27 STOCKHOLDERS' EQUITY 28 Common Stock $ 370,124 $ 356,758 13,366 3.75% 29 Additional paid-in-capital 29,546 24,881 4,665 18.75% 30 Retained earnings 902,731 578,594 324,137 56.02% 31 Total stockholders' equity $ 1,302,401 $ 960,233 342,168 35.63% 32 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY S 2,151,243 2,011,839 139,404 6.93% 33 34 35 36Revenue Sales Cost of Goods Sold Gross prot Expenses Advertising Depreciation Bad debts Legal Miscellaneous Rent Repairs and maintenance Salaries and wages Utilities Total Expenses Income before income tax Income tax expense Net income Schedule Showing horizontal Analysis of Income Statement Company A December 31, 2018 2018 2017 Amount Change % Change $ 1,572,134.00 '35 1,413,581.00 $ 158,553.00 11.22% 601,215.00 556,721.00 44,494.00 7.99% $ 970,919.00 $ 856,860.00 114,059.00 13.31% $ 55,153.00 $ 50,531.00 $ 4,622.00 9.15% 21,442.00 21,442.00 0.00 0.00% 20,151.00 18,934.00 1,217.00 6.43% 17,261.00 10,207.00 7,054.00 69.11% 91,014.00 31,214.00 59,800.00 191.58% 148,321.00 142,078.00 6,243.00 4.39% 14,315.00 13,642.00 673.00 4.93% 47,121.00 45,312.00 1,809.00 3.99% 15,912.00 15,643.00 269.00 1.72% $ 430,690.00 $ 349,003.00 81,687.00 23.41% $ 540,229.00 $ 507,857.00 32,372.00 6.37% 216,092.00 203,143.00 12,949.00 6.37% $ 324,137.00 $ 304,714.00 $ 19,423.00 6.37% Assets Current Assets: Cash Accounts receivable Inventory Prepaid expenses Total Current Assets Property, Plant, and Equipment Accumulated Depreciation Total Assets Liabilities Current Liabilities Accounts payable Accrued liabilities Income taxes payable Current portion of long term debt Total Current Liabilities Long-term Liabilities Long-term debt Total Liabilities Stockholders' Equity Common stock Additional paid-in capital Retained earnings Total Stockholders' Equity Total liabilities and stockholder's equity Company A Schedule showing Vertical analysis of Balance Sheet 2018 $ 501,992.00 335,272.00 515,174.00 251,874.00 $ 1,604,312.00 765,215.00 (218,284.00) $ 248,494.00 1 22, 192.00 10,645.00 42,200.00 $ 423,531.00 425,31 1.00 $ 848,842.00 $ 370,124.00 29,546.00 902,731.00 $ 1,302,401.00 $2,151,243.00 December 31, 2018 Total Assets (%) 23.33% 15.59% 23.95% 1 1.71% 74.58% 35.57% (10.15)% 100.00% 1 1.55% 5.68% 0.49% 1.96% 19.69% 19.77% 39.46% 17.21% 1.37% 41.96% 60.54% 100.00% 2017 $ 434,215.00 302,514.00 505,321.00 231,100.00 $ 1,473,150.00 735,531.00 (196,842.00) $2,011,839.00 $ 366,864.00 2 16,53 3.00 25,698.00 42,200.00 $ 651,295.00 400,31 1.00 $ 1,051,606.00 $ 356,758.00 24,88 1.00 578,594.00 $ 960,223.00 $2,011,839.00 Total Assets(%) 21.58% 15.04% 25.12% 11.49% 73.22% 36.56% (9.78)% 100% 18.24% 10.76% 1.28% 2.10% 32.37% 19.90% 52.27% 17.73% 1.24% 28.76% 47.73% 100.00% 2016 Total Assets(%) $ 375,141.00 241,764.00 310,885.00 136,388.00 5 1,064,178.00 705,132.00 (175,400.00) $ 1,593,910.00 $ 322,156.00 215,474.00 22,349.00 42,200.00 $ 602,179.00 375,100.00 $ 977,279.00 $ 320,841.00 21,910.00 273,880.00 $ 273,880.00 $ 1,593,910.00 23.54% 15.17% 19.50% 8.56% 66.77% 44.24% (1 1.00)% 100% 20.21% 13.52% 1.40% 2.65% 37.78% 23.53% 61.31% 20.13% 1.37% 17.18% 17.18% 100.00%