Current Assets Cash $84,429.00 Accounts Receivable $83,983.00 Less: Allow. Dotful Accts $(1,152.00) Merchandise Inventory $54,629.00 Office Supplies $640.00 Prepaid Insurance $1,650.00 Total Current Assets $224,179.00 Property and Equipment Land $25,000.00 Buildings $140,000.00 Less: Accum. Depr. $(28,000.00) Office Equipment $15,570.00 Less: Accum. Depr. $(11,720.00) Vehicles $42,100.00 Less: Accum. Depr. $(16,300.00) Total Property and Equipment $166,650.00 Total Assets $390,829.00 Liabilities & Owner's Equity Current Liabilities Accounts Payable $30,300.00 Note Payable $50,000.00 Mortgage Note Payable (current $7,000.00 portion) Total Current Liabilities $87,300.00 Long-Term Liabilities Mortgage Note Payable $82,000.00 Total Liabilities $169,300.00 Stockholder's Equity