Carolina Products
Balance Sheet
12/31/2016 & 12/31/2015
			Horizontal Analysis
Assets	2016	2015	$ Change	% Change
Cash	$108,886	$107,455
Accounts Receivable	$105,650	$112,420
Prepaid Insurance	$1,100	$1,000
Inventory	$205,000	$189,350
Prepaid Expenses	$1,200	$1,050
Land	$80,000	$80,000
Office Equipment	$10,500	$10,500
Accum Depr-Office Equip	($2,000)	($2,200)
Total Assets	$510,336	$501,590
Liabilities
Accounts Payable	$72,090	$70,005
Sales Tax Payable	$3,500	$3,450
Interest Payable	$860	$825
Total Liabilities	$76,450	$74,280
Stockholders Equity
Common Stock	$60,000	$58,000
Paid in Capital in Excess of Par	$260,000	$254,500
Retained Earnings	$113,886	$114,810
Total Stockholders Equity	$433,886	$427,310
Total Liabilities & Stockholders Equity	$510,336	$501,590