Assels Current Assets Required Cash 12,329 Inventory 30,000 Accounts Receivable 54,795 Total Current Assets 97,123 Equipment, net 2,000,000 Total Assets 2,097,123 Liabilities & Owners' Equity Current Liabilities Notes Payable Accounts Payable Total Current Liabilities Long Term Debt Total Liabilities Common Stock Par and APIC Retained Earnings Total Stockholders' Equity 84,795 12,329 97,123 300,000 500,000 600,000 700,000 397,123 2,700,000 2,750,000 2,750,000 2,600,000 (1,000,000) 1,700,000 Total Liabilities & Owners' Equity 2,097,123