D E G ASSETS H 2013 2012 Change 0 CURRENT ASSETS Cash Accounts Receivable Office Supplies Prepaid Insurance Total current assets $ 12 49,364.67 17.650.00 625.00 2,612 50 70.252.17 $ $ 14 $ 37,870.00 $ 11,494.67 $ 22,565.00 $ (4,915.00) $ 500.00 $ 125.00 2,612.50 $ 60,935.00 $ 9,317.17 5 $ 57,050.00 $ 3.486.00 $ (725.00) $ 57,050.00 $ 2,761.00 FIXED ASSETS - Net of Accumulated Depreciation 15 16 $ $ $ 60,536.00 (725.00) 59.811.00 17 Total assets $ 130,063.17 $ 117,985.00 $ 12,078.17 LIABILITIES & EQUITY $ $ CURRENT LIABILITIES Accounts Payable $ 3.784.00 $ $ $ 850.00 $ $ 850.00 $ 2,914.00 Total current abilities $ 3,764,00 $ 2,914.00 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 LONG TERM LIABILITIES Loan Payable Business Vehicles Loan Loan Payable:Office Fumiture/Equipment Loan Total Long Term Liabilities TOTAL LIABILITIES $ $ $ $ 34.532.81 3.970.83 38.503.64 42 287.64 $ $ $ 35,000.00 $ $ 4,000.00 $ $ 39,000.00 $ $39.850.00 5 $ (467.19) (29.17) (490.36) 2,417.64 EQUITY Carena Ng. Capital $ $ Total stockholders' equity 57.79553 30.000.00 87.795.53 $ 37 $ 78,135.00 $ 20,339.47) $ 30,000.00 $ 78,135.00 S 9,660.53 $ $ $117.995.00 $ 12,078.17 Total liabilities and Equity $ 39 130.003.17 40 Prepare the cash flow 41 IVA C27 + x fx B c D E F $ $ $ 415.00 900.00 7,610.00 $ 8,925.00 4 5 REVENUE 6 Income:Installation Income 7 Income:Technical Support Income 8 Income:Training Income 9 TOTAL REVENUE 10 11 OPERATING EXPENSES 12 Advertising Expense 13 Bank Service Charges 14 Business Vehicles Expense 15 Dues and Subscriptions 16 Equipment Rental 17 Office Supplies Expense 18 Postage and Delivery 19 Rent 20 Utilities:Electricity Expense 21 Utilities:Heating Expense-Gas 22 Utilities:Water 23 Depreciation expense (BUSINESS VEHICLES) 24 DEPRECIATION EXPENSE (EQUIPMENT) 25 INSURANCE EXPENSE 26 27 Total operating expenses 28 29 Operating Income 30 31 OTHER INCOME - Interest Income 32 33 OTHER EXPENSE - Interest expense $ $ $ $ $ $ $ $ $ $ $ 260.00 8.00 588.88 79.00 25.00 343.57 195.34 1,600.00 250.00 175.00 35.00 583.00 142.00 237.50 $ 4.522.29 $ 4,402.71 66.43 (308.61) (242.18) $ 4,160.53 35 INCOME BEFORE TAXES 36 37 FEDERAL INCOME TAXES 30 39 NET INCOME 0.00 S 4.160.33 40 41 42 43 45 46