COMPANY, INC. BALANCE SHEET as of December 31, 2004 ASSETS CASH $210,000 30% ACCOUNTS RECEIVABLE 70% TOTAL ASSETS 100% LIABILITIES ACCOUNTS PAYABLE $49,000 7% NOTES PAYABLE 63% TOTAL LIABILITIES 70% EQUITY TOTAL EQUITY $210,000 30% TOTAL LIABILITIES + EQUITY 100%