B E F G H E Balance Sheet As of December 31, 2018 Assets $ 51,470.00 $ 30,000.00 600.00 Current Assets Cash Accounts Receivable Allowance for Doubtful Accounts Net Receivable Prepaid Rent Office Supplies Total Current Assets 29,400.00 2,600.00 900.00 84,370.00 $ $ Long-Term Assets Office Equipment Accum. Depr.-Office Equipment Net Office Equipment Computer Equipment Accum. Depr.-Computer Equipment Net Computer Equipment Total Long Term Assets Total Assets 69,100.00 6,600.00 $ 23,500.00 4,700.00 62,500.00 $ 18,800.00 81,300.00 $ 165,670.00 Liabilities $ Current Liabilities Accounts Payable Salaries Payable Income Taxes Payable Total Liabilities 47,330.00 940.00 6,000.00 $ 54,270.00 Stockholder's Equity Capital Stock, $0.01 Par Value Paid in Capital in Excess of Par Retained Earnings Total Stockholder's Equity 19.00 87,381.00 24,000.00 111,400.00 Total Liabilities and Stockholder's Equity $ 165,670.00 A Byte of Accounting, Inc. Income Statement For Year Ending December 31, 2019 Revenues Sales Revenue $ 449,062.00 Cost of Goods Sold $ 224,573.00 Gross Profit $ 224,489.00 Operating Expenses Rent Expense Salary Expense Advertising Expense Repairs & Maint. Expense Supplies Expense Insurance Expense Depreciation Expense Bad Debt Expense Telephone Expense Total Operating Expenses $ 31,200.00 $ 111,860.00 $ 4,685.00 $ 14,675.00 $ 2,320.00 $ 279.00 $ 11,383.28 $ 927.00 $ 5,920.00 Al Al Al 183,249.28 Income From Operations Before Interest and Income 41,239.72 Interest Expense $ 9,404.84 Net Income Before Tax $ 31,834.88 Income Tax Expense (Round to wo decimal places) 7,958.72 Net Income After Tax $ 23,876.16 Byte OT counting, Inc. Statement of Stockholders' Equity For Year Ending December 31. 2019 Additional Paid-in- Capital Retained Earnings Common Stock, $0.01 par value 19.00 24.00 Balance, Beginning of Period Issue of Common Stock Cash Dividends Net Income Balance, End of Period 87,381.00 24,000.00 59,976.00 2,150.00 23,876.16 147,357.00 $ 45,726.16 Total Stockholders' Equity 111,400.00 60,000.00 2,150.00 23,876.16 193,126.16 $ 43.00 $ A Byte of Accounting Balance Sheet As of December 31, 2019 Assets $ 291,962.50 $ 19,300.00 965.00 Current Assets Cash Accounts Receivable Allowance for Doubtful Accounts NetReceivable Prepaid Insurance Prepaid Rent Office Supplies Inventory Total Current Assets 18,335.00 6,417.00 2,600.00 830.00 771.00 320,915.50 $ $ 73,700.00 13,283 28 $ 60,416.72 Long-Term Assets Office Equipment Accum. Depr.-Office Equipment Net Office Equipment Computer Equipment Accum. Depr.-Computer Equipment NetComputer Equipment Total Long-Term Assets Total Assets $ 23,500.00 9,400.00 14,100.00 74,516.72 395467222 Liabilities $ Current Liabilities Accounts Payable Advanced Payment Interest Payable Salaries Payable Income Taxes Payable Total Current-Liabilities 19,269.00 9,465.00 20.70 1.410.00 7,958.72 $ 38,12342 $ 4,140.00 $ Long-Term Liabilities Notes Payable Bond Payable Premium on Bond Payable Net Bond Payable Total Long-Term Liabilities Total Liabilities 150,000.00 10,042.64 160,042.64 164,182.64 202,306.06 $ Stockholder's Equity $ Capital Stock $0.01 par value Paid in Capital in Excess of Par Retained Earnings Total Stockholder's Equity 43.00 147,357.00 51,273.85 198,673.85 Total Liabilities and Stockholder's Equity $ 400.979.91 A Byte of Accounting Statement of Cash Flows - Indirect Method For Year Ending December 31, 2019 Cash Flow from Operating Activities $ $ 23,876.16 11,383.28 11,065.00 (6,417.00) 70.00 (771.00) (18,105.30) 1,958.72 Net Income Adjustments to reconcile net income to net cash flows from operating activities: Depreciation expenses Decrease in accounts receivable Increase in prepaid Insurance Change in prepaid rent Decrease in office supplies Increase in inventory Decrease in payables Increase in income tax payable Net cash flows from operations Cash Flows from Investing Activities Purchase of equipment Net cash flows from investing activities Cash Flows from Financing Activities Issuance of common stock Proceeds from issuance of bonds payable Payment of cash dividends Net cash flows from financing activities Net increase (decrease) in cash Cash at the beginning of the period Cash at the end of the period $ 23,059.86 $ $ (460.00) (460.00) $ 60,000.00 160,042.64 (2,150.00) $ 217,892.64 240,492.50 51,470.00 291,962.50 $ Noncash Activities Purchased equipment by issuing note payable $ $ 4,140.00 =Round(number,2) Basic Earnings per Share (Net Income - Preferred Dividends) Weighted Average Common Share Outstandina Cash Flow on Total Assets Cash Flow From Operations Average Total Assets Book Value per Common Share Stockholder Equity Applicable To Common Share Number of Common Share Outstanding Current Ratio Current Assets Current Liabilities Total Asset Turnover = Net Sales Average Total Assets Debt-to-Equity Ratio Total Liabilities Total Equity Debt Ratio Total Liabilities Total Assets Times Interest Earned Income Before Interest Expense And Income Tax Interest Expense Days' Sales in Inventory Ending Inventory Cost of Goods Sold) X 365 Inventory Turnover Ratio Cost of Goods Sold Average Inventory Dividend Yield Annual Cash Dividends Per Share Market Value Per Share Profit Margin Ratio Net Income Net Sales Gross Margin Ratio (Net Sales - Cost of Goods Sold) Net Sales Price-Earnings Ratio Market Value (Price) Per Share Earnings Per Share Acid-Test Ratio + Cash Equivalents + Short Term Investments + Current Recen Current Liabilities Return on Assets Net Income Average Total Assets Account Receivable Turnover Ratio Net Sales Average Net Accounts Receivable, Days' Sales Uncollected Accounts Receivable Net Sales