ASSETS Current Assets Cash Accounts Receivable Less: ADA Inventory Prepaid Rent Total Current Assets 422 000 493 800 ( 6275) 128 390 137 520 1 175 435 LIABILITIES & SHAREHOLDERS EQUITY Current Liabilities Accounts Payable 262 900 Wages Payable 72 400 Interest Payable Taxes Payable Total Current Liabilities 335 300 Non Current Liabilities Bank Loan Bonds Payable TOTAL LIABILITIES 497 000 1 500 000 2 332 300 Non Current Assets Land Equipment Less Acum. Depreciation Machinery Less Acum. Depreciation 372 900 1 500 000 (234 000) 3 000 000 (612 400) Shareholders Equity Common Stock Retained Earnings TOTAL SHAREHOLDERS EQUITY 1733 000 1 136 635 2 869 635 TOTAL ASSETS TOTAL LIABILITIES & SHAREHOLDERS EQUITY 5 201 935 5 201 935 Sales Cost of Goods Sold Gross margin 0 - . 0 Operating expenses: Wage expense Miscellaneous expense Rent expense Bad debt expense Depreciation expense Total operating expenses Operating income Gain on sale of equipment Interest expense Income before taxes Income tax expense Net income 0 0 0 ASSETS Current Assets Cash Accounts Receivable Less: ADA Inventory Prepaid Rent Total Current Assets 422 000 493 800 ( 6275) 128 390 137 520 1 175 435 LIABILITIES & SHAREHOLDERS EQUITY Current Liabilities Accounts Payable 262 900 Wages Payable 72 400 Interest Payable Taxes Payable Total Current Liabilities 335 300 Non Current Liabilities Bank Loan Bonds Payable TOTAL LIABILITIES 497 000 1 500 000 2 332 300 Non Current Assets Land Equipment Less Acum. Depreciation Machinery Less Acum. Depreciation 372 900 1 500 000 (234 000) 3 000 000 (612 400) Shareholders Equity Common Stock Retained Earnings TOTAL SHAREHOLDERS EQUITY 1733 000 1 136 635 2 869 635 TOTAL ASSETS TOTAL LIABILITIES & SHAREHOLDERS EQUITY 5 201 935 5 201 935 Sales Cost of Goods Sold Gross margin 0 - . 0 Operating expenses: Wage expense Miscellaneous expense Rent expense Bad debt expense Depreciation expense Total operating expenses Operating income Gain on sale of equipment Interest expense Income before taxes Income tax expense Net income 0 0 0