EXHIBIT 1 GOTHAM MEALS ON WHEELS Balance Sheet As of December 31 Assets Liabilities and Equity Cash. . . . . $12,975 Contributed capital . . . . . . . $25,000 Accounts receivable 8,525 Retained surpluses . . . . . Inventory 3,500 Total assets $25,000 Total liabilities and equity . . . . . .. . . $25,000