DIMSDALE SPORTS COMPANY Estimated Balance Sheet December 31, 2013
Assets
Cash	$	35,500
Accounts receivable		520,000
Inventory		105,000
Total current assets					660,500
Equipment	$	535,000
Less accumulated depreciation		66,875
Equipment, net					468,125
Total assets				$	1,128,625
Liabilities and Equity
Accounts payable	$	380,000
Bank loan payable		15,000
Taxes payable (due 3/15/2014)		90,000
Total liabilities				$	485,000
Common stock		470,500
Retained earnings		173,125
Total stockholders