Develop a Balance Sheet for Your Business End of Year 1ASSETSCurrent Assets: 1. Cash 2. Accounts Receivable 3. Inventory 4. Other Current AssetsA. TOTAL CURRENT ASSETS$0Fixed Assets: 5. Land and Buildingsless depreciation 6. Furniture and Fixturesless depreciation 7. Equipmentless depreciation 8. Trucks and Automobilesless depreciation 9. Other Fixed Assetsless depreciationB. TOTAL FIXED ASSETS$0C. TOTAL ASSETS (C = A + B)$0LIABILITIES

Current Liabilities (due within 12 months):

10. Accounts Payable11. Bank Loans/Other Loans12. Taxes OwedD. TOTAL CURRENT LIABILITIES$0Long-Term Liabilities:13. Notes Payable (due after one year)14. Other Long-Term LiabilitiesE. TOTAL LONG-TERM LIABILITIES$0F. TOTAL LIABILITIES (F = D + E)$0Net Worth (Capital):15. Share Capital$0Common SharesPreferred Shares16. Retained EarningsG. TOTAL NET WORTH (G = C - F)$0

H. TOTAL LIABILITIES AND NET WORTH (H = F + G)

$0