BALANCE SHEET
	12/31/22				12/31/23E
Cash	5,000,000				answer
A/R (Avg Collec Period = 30 days)	10,684,932			Collec period = 30 days	answer
Inventory (Days Inv. Held = 45)	7,212,329			Days Inv = 40 days	answer
Other	5,000,000			$1,000,000	answer
Total Current Assets	27,897,260				answer
PP&E (see note below)	50,000,000			No change	answer
Less Accumulated Depreciation	5,000,000			PP&E 10 yr SLD	answer
Net PP&E	45,000,000				answer
Other	5,000,000			No change	answer
Total Assets	77,897,260				answer
Accounts Payable	10,000,000			10% ($ value)	answer
Current portion of LTD	2,000,000			No change	answer
Accrued Liabilities	1,386,000			No change	answer
Total Current Liabilities	13,386,000				answer
LTD	9,000,000			$1 Mil paid off on 1/1/23	answer
Total Liabilities	22,386,000				answer
Common Stock	1,000			No change	answer
Addl PIC	9,999,000			No change	answer
Retained Earnings	45,511,260				answer
Shareholder's Equity	55,511,260				answer
Total Equity and Liabilities	77,897,260				answer