ESCALADE, INC.
Adjusted Account Balances
At December 31
(in thousands)
Accounts Payable	$ 2,792
Accounts Receivable	34,141
Accrued Interest Payable	42
Accrued Wages Payable	5,856
Accrued Warranties Payable	1,324
Accumulated Depreciation	26,198
Cash	3,370
Contributed Capital	7,165
Cost of Goods Sold	111,164
Depreciation Expense	862
Factory Buildings	7,070
Income Tax Expense	5,804
Income Tax Payable	1,189
Insurance Expense	2,368
Interest Expense	950
Interest Receivable	415
Inventory of Finished Goods	10,263
Inventory of Goods being Made	4,536
Inventory of Supplies and Materials	5,750
Long-Term Bank Loan	14,000
Long-Term Contract Payable	1,837
Long-Term Note Payable	2,700
Manufacturing Equipment	12,962
Notes Payable (current)	11,390
Notes Receivable	400
Office Building	2,301
Office Equipment	2,363
Office Supplies Expense	69
Other Accrued Liabilities	1,638
Other Long-Term Assets	28,310
Packaging Expenses	1,010
Prepaid Insurance	108
Prepaid Rent	434
Rent Expense	7,350
Retained Earnings	27,571
Salaries Expense	3,582
Sales Commissions Expense	3,349
Sales of Basketball Systems	98,998
Sales of Other Products	28,710
Sales of Ping Pong Tables	27,747
Shipping Expenses	1,448
Transport Equipment	7,560
Deferred Revenue	8,144
Utilities Expense	2,111
Wages Expense	3,024
Warranties Expense	1,226
Warehouse Buildings	3,001