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ASAPPPP!!! ASSETS 2018 2019 Cash 150,000 180,000 Account Receivables 140,000 160,000 Note Receivables 250,000 330,000 Merchandise Inventory 450,000 500,000 Prepaid Insurance Expense 86,000 66,000 TOTAL

ASAPPPP!!!

ASSETS

2018

2019

Cash

150,000

180,000

Account Receivables

140,000

160,000

Note Receivables

250,000

330,000

Merchandise Inventory

450,000

500,000

Prepaid Insurance Expense

86,000

66,000

TOTAL CURRENT ASSETS

1,076,000

1,236,000

Land

1,500,000

1,580,000

Land Improvements

280,000

450,000

Building

980,000

1,050,000

Furniture and Fixture

440,000

500,000

Accumulated Depreciation

-120,000

-150,000

Rights

1,200,000

1,300,000

Accumulated Amortization

-240,000

-580,000

TOTAL NON-CURRENT ASSETS

4,040,000

4,150,000

TOTAL ASSETS

5,116,000

5,386,000

LIABILITIES&EQUITY

Account Payables

330,000

330,000

Note Payables

400,000

430,000

Unearned Rent Revenue

180,000

140,000

TOTAL CURRENT LIABILITIES

910,000

900,000

Bank Credits

1,000,000

1,100,000

Note Payables

410,000

450,000

TOTAL NON-CURRENT LIABILITIES

1,410,000

1,550,000

Common Stock

1,200,000

1,300,000

Additional Paid in Capital

1,650,000

1,650,000

Retained Earnings

300,000

366,000

Treasury Stock

-354,000

-380,000

TOTAL EQUITY

2,796,000

2,936,000

TOTAL LIABILITIES&EQUITY

5,116,000

5,386,000

ADDITIONAL INFORMATION:

2018

2019

Outstanding Shares

1,100,000

1,200,000

Depreciation Expenses

99,000

133,000

Amortization Expense

240,000

250,000

2019

Sales

33,500,000

Sales Retun&Allowances

-320,000

Sales Discount

-880,000

Net Sales

32,300,000

COGS

-22,000,000

Gross P/L

10,300,000

Other Income(losses)

150,000

Operating Expenses

-5,800,000

Operating P/L -EBIT

4,650,000

Interest Expense

-620,000

Tax Expense

-1,612,000

Net P/L

2,418,000

PREPARE THE CASH FLOW STATEMENT.

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