Appendix 4 - Balance Sheet Rhy's Fries Statement of Financial Position As At April 30, 20X5 20X5 20X4 20X3 ASSETS Current Assets Cash $ 85,014 $ 97,555 $ 37,682 Inventory - Foodstuffs 42,587 38,711 33,698 Accounts Receivable - Catering 34,756 20,124 10,235 Less: Allowance for Doubtful Accounts (6,000) (4,000) (2,000) Accounts Receivable - Other 503 745 514 Prepaid Supplies 12,472 8,762 5,126 Prepaid Insurance 14,250 12,365 10,250 Total Current Assets 183,582 174,262 95,505 Non Current Assets Equipment - Food Truck 13,200 13,200 13,200 Less: Accumulated Depreciation - Food Truck (13,200) (13,200) (11,200) Equipment - Restaurant Fixtures 181,572 181,572 175,421 Less: Accumulated Depreciation - Rest. Fixtures (32,674) (23,532) (12, 169) Equipment - Catering Vans 120,000 70,000 Less: Accumulated Depreciation - Vans (12,000) (5,000) Long Term Investments 20,000 10,000 Total Non Current Assets 276,898 233,040 165,252 TOTAL ASSETS $ 460,480 $ 407,302 $ 260,757 LIABILITIES Current Liabilities Bank Loan - Short Term Credit Line 15,000 $ 12,000 $ 10,000 Accounts Payable - Food Suppliers 21,054 18,654 14,865 Accounts Payable - Other 1,695 1,148 1,627 GST Payable 1,867 1,754 2,541 Current Portion of Long Term Debt 5,000 5,000 5,000 Total Current Liabilities 44,616 38,556 34,033 Non Current Liabilities Long Term Bank Loan 137,000 142,000 52,000 TOTAL LIABILITIES 181,616 180,556 86,033 SHAREHOLDERS EQUITY Common Shares 2,600 2,600 2,600 Retained Earnings 276,264 224,146 172, 124 TOTAL SHAREHOLDERS EQUITY 278,864 226,746 174,724 TOTAL LIABILITIES & EQUITY $ 460,480 $ 407,302 $ 260,757