For Periods Year 0 thru Year 7 For Periods Year 0 thru Year 7 Week # 2 Sole Proprietor Week # 2 Year 1 Sole Balance Sheet Proprietor Cash 63.630 Accounts Receivables 37.000 Year 1 Inventory 6.000 Income Statement Prepaid Rent 2,400 PPE 10.000 Product Sales Revenue 2,000 Accumulated Depreciation (2,000) Corporate Contract Income Goodwill Service Revenue 70,000 Total Assets 117,030 Total Revenue 72,000 Accounts Payable 9,000 Accrued Expenses 2,500 Expenses Notes Payable - Long Term 10,000 Salary Expense 30,000 Bonds Payable Total Liabilities 21,500 Cost of Goods Sold (Products) 1,600 Partnership A Supplies Expense Styles 1,200 Partnership B Rent Expense 28,800 John Doe Capital 90,000 Administrative Costs Mr. John Cash Capital Stock Holders Equity(par $1) Bad Debt Expense Additional Paid In Capital in Total Expenses 61.600 excess of par Change in Owners Equity 5,530 EBITDA 10,400 Retained Earnings Dividends Paid (Accumulated) Depreciation Expense 2,000 Stock Buy Backs Interest 500 Total Capital 95,530 EBT 7,900 Total Liabilities & Capital 117,030 13 Taxes 2,370 Net Income 5,530For Periods Year 0 thru Year 7 Week # 2 Sole Proprietor Year 1 Cash Flow Statement Changes in Operations Net Income 5,530 Depreciation 2,000 Changes in A/R (37,000) Changes in Inventory (2,000) Changes in Prepaid Changes in A/P 9,000 Changes in Accrued Exp. 2,500 Cash Flow from Operations (19,970) Changes in Investing Purchases of PPE Sales of PPE Cash Flow from Investing Changes in Financing Financing Investments from Owners Distributions to Owners Cash Flow from Financing Total Change in Cash Flow (19,970) Beginning Cash 83,600 Total Changes in Cash Flow (19,970) Ending Cash 63,630