Assets
Cash				$	36,000
Accounts receivable					525,000
Inventory					150,000
Total current assets					711,000
Equipment	$	540,000
Less accumulated depreciation		67,500
Equipment, net					472,500
Total assets				$	1,183,500
Liabilities and Equity
Accounts payable	$	360,000
Bank loan payable		15,000
Taxes payable (due 3/15/2014)		90,000
Total liabilities				$	465,000
Common stock		472,500
Retained earnings		246,000
Total stockholders