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EARL GREY GOLF CORP 2 0 1 7 and 2 0 1 8 Statement of Financial PositionAssetsLiabilities and Owners' Equity 2 0 1 7 2

EARL GREY GOLF CORP2017 and 2018 Statement of Financial PositionAssetsLiabilities and Owners' Equity2017201820172018Current assetsCashAccounts receivableInventoryTotal$ 24,04612,44825,392$61,886$ 24,25515,23527,155$66,645Fixed assetsNet plant and equipment$324,695$365,734Total assets$386,581$432,379Current liabilitiesAccounts payableNotes payableOtherTotalLong-term debtOwners'equityCommon stock and paid-in surplusRetained earningsTotalTotal liabilities and owners'equity$ 23,18412,00011,571$ 46,755$ 80,000$ 27,42010,80015,553$ 53,773$ 95,000$ 40,000219,826$259,826$386,581$ 40,000243,606$283,606.$432,379EARL GREY GOLF CORP.2018 Statement of Comprehensive IncomeSalesCost of goods soldDepreciationEarnings before interest and taxInterest paidTaxable incomeTaxes (35%)Net incomeDividendsAdditions to retained earnings$366,996253,12232,220$ 81,65414,300$ 67,35423,574$ 43,780$20,00023,780
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