ASSETS: 2018 2017 Current Assets Cash $263,500 Accounts Receivable Total Current Assets 797,186 $1,060,686 $225,000 280.000 $505,000 Non-Current Assets: Equipment 173,600 173,600 Accumulated Depreciation (74,400) (49,600) Intangibles 2,000 2,000 Total Non-Current Assets $100,600 125,600 Total Assets $1,161,286 $630,600 LIABILITIES & OWNERS EQUITY: Current Liabilities Accounts Payable $0 $69,976 Accrued Expense 0 9976 Total Current Liabilities $ -0- $79,952 Total Liabilities $0 $79,952 Equity: Beginning Retained Earnings $550,648 $233,285 Current Year Net Income $610,638 $317,363 Total Equity Total Liabilities & Equity $1,161,286 $550,648 $1,161,286 $630,600