Cash Commercial Refrigeration/oven Renovation in 2015 Tables & Chairs Stainless shelving Accumulated depreciation Supplies Accounts payable ASB Loan Owner's contribution Owner's draws Bakery Sales Drink Sales Small Bits & Big Bites Bakery Trial Balance Catering Sales Costs of sales Administrative and general expens Rents Depreciation 5,891.12 67,899.30 32,191.25 8,562.00 12,500.00 3,700.00 12,152.55 1,253.75 49,000.00 100,000.00 4,899.15 87,333.12 62,458.85 35,000.00 124,582.34 59,253.18 24,000.00 13,518.23 352,097.42 352,097.42 221,353.75 184,791.97 (36,561.78) Is it worth it to pay $100,000 to buy this bakery shop? (not included in text book) 1. Comparable earnings 2. Discounted cash flow (seller points) (buyer points) 3. Assets Bakery's annual earning = What's your answer? 1. asset 2. liability 3. net income (36,561.78) If I am going to retire in 5 years. I would like the payment to cover my next 5 years. If I am going to borrow $$ from the bank, I would like the operating cash flow to cover my loan. 127,043.67 5.P