Balance Sheet:

The balance sheet shows the business's financial position at a specific point in time.

Assets	Year 1	Year 2	Year 3
Current Assets
Cash	$45,000	$70,000	$100,000
Accounts Receivable	$50,000	$60,000	$70,000
Inventory	$10,000	$12,000	$15,000
Total Current Assets	$105,000	$142,000	$185,000
Fixed Assets
Vehicles	$100,000	$100,000	$100,000
Accumulated Depreciation	$10,000	$20,000	$30,000
Total Fixed Assets	$90,000	$80,000	$70,000
Total Assets	$195,000	$222,000	$255,000

Liabilities and Equity	Year 1	Year 2	Year 3
Current Liabilities
Accounts Payable	$25,000	$30,000	$35,000
Short-term Loans	$20,000	$15,000	$10,000
Total Current Liabilities	$45,000	$45,000	$45,000
Long-term Loans
Bank Loan	$100,000	$80,000	$60,000
Total Long-term Loans	$100,000	$80,000	$60,000
Total Liabilities	$145,000	$125,000	$105,000
Equity
Capital	$120,000	$120,000	$120,000
Retained Earnings	$30,000	$77,000	$130,000
Total Equity	$150,000	$197,000	$250,000
Total Liabilities and Equity	$295,000	$322,000	$355,000

Requirements.

1. Using imaginary numbers, fix the balance sheet so that it balances
2. Create a cash flow statement