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& COFFEE CREA Balance Sheet October 31, 2021 Current assets Cash Accounts receivable Inventory Prepaid Rent Propeny, plant, and equipment Equipment Accumulated depreciationequipment Total

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& COFFEE CREA Balance Sheet October 31, 2021 Current assets Cash Accounts receivable Inventory Prepaid Rent Propeny, plant, and equipment Equipment Accumulated depreciationequipment Total assets Liabilities and Stockholders' Eauitv Current liabilities Accounts payable Income taxes payable Dividends payable Salaries and wages payable Interest payable Notes payablecurrent portion Long-term liabilities Notes payablelong-term portion Total liabilities Stockholders' equity Paid-in capital Preferred stock, 2,800 shares issued and outstandinq Common stock, 25,930 shares issued, 25, 180 outstancfing Retained eamings Total paid-in capital and retained earnings Less: Treasury stockcommon (750 shares), at cost Total stockholders' equity Total liabilities and stockholders' equity S32,219 3,250 17,897 6300 $99,700 (9.850) $5,786 18,500 700 2250 250 4 ooo $59,666 89 850 $31,486 6000 37,486 S14,ooo COOKIE & COFFEE CREATIONS INC. Income Statement Year Ended October 31, 2021 Sales Revenue Cost of goods sold Gross profit Operating expenses Salaries and wages expense Depreciation expense Other operating expenses Income from operations Other expenses Interest expense Income before income tax Income tax expense Net income $92,500 9,850 35 850 39,930 72 600 112,530 500 112 030 S462,500 231 250 231 ,250 138 200 93,050 550 92,500

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