B. Company Preliminary Analytical Procedures-Balance Sheets Audit Year December 31, 20X2 SDM 10/1/20x2 Reviewed by: TKJ 10/9/20x2 B.1.1 As of 3/31/20x2 As of 12/31/20X1 $ Change % Change Current Assets Cash: Storefront $125,498.76 $135,135.15 (8,636.39) -6.39% 1 Cash: Corporate Accounts 293,728.03 210,019.06 84,708.97 40.33% 1 Cash: Payroll 123,432.43 124,726.15 (293.72) -0.24% Accounts Receivable 122,849.12 193,976.31 (70,127.19) -36.15% 2 Office Supplies 2,379.00 2,604.00 775.00 29.76% Cooking Supplies 4,777.00 4,713.00 1,064.00 22.58% Inventory: Ingredients 25,190.66 25,580.09 610.57 2.39% Inventory: Cake Boxes and Cupcake Cups 1,423.05 1,190.10 1,232.95 103.60% Inventory: Beverages 3,340,30 3,260.80 1,079.50 33.11% Total Current Assets $702,618.35 $701,204.66 Long-Term Assets Equipment Accumulated Depreciation: Equipment Plant & Property Accumulated Depreciation: Plant & Proprty Land Total Long-Term assets 150,180.00 150,180,00 (82,455.00) (78,828.00) 330,000.00 330,000.00 (82,500.00) (79,200.00) 125,000.00 440,225.00 $447,152.00 0.00 0.00% 3,627.00 4.60% 0.00 0.00% 3,300.00 -4.17% 125,000.00 0.00 0.00% Total Assets $1,142,843.35 $1,148,356.66 Liabilities Accounts Payable $25,712.00 Wage Taxes Payable 0.00 Corporate Income Tax Payable 21,247.78 Dividends Payable 0.00 38,556.70 0.00 38,125.96 13,125.00 (12,844.70) -33.31% 3 0.00 0.00% (16,878.18) -44.27% 4 (13,125.00) -100.00% 5 Mortgage Payable 290,673.81 292,262.13 (1,588.32) -0.54% Notes Payable: Vehicles 22,555.53 24,878.31 (2,322.78) -9.34% Total Liabilities 360,189.12 $406,948.10 Stockholders' Equity Common Stock, Par value $1.00; Authorized 1,000,000; Issued and outstanding 50,000 shares Additional Paid in Capital Retained Earnings Total Stockholders' Equity 50,000.00 50,000.00 120,075.91 120,075.91 0.00 0.00% 0.00 0.00% 612,578.32 782,654.23 571,332.65 41,245.67 $741,408.56 7.22%