GeneralProducts Inc is incorporated in Nevada, USA on Jan 1,2013 to takeover a local retail chain. The objective of the company is to suuply goods of every day use to customers at the most competitive prices. GeneralProducts has chain of stores throughout USA. The retial operations of the company are so designed that customers can shop seamlessly in stores and online. MISSING DATA: APPARENTLY THE ORIGINAL DATA DOES NOT INCLUDE THE NUMBER OF UNITS IN BEGINNING INVENTORY, WHICH IS 12,610. I would use an average cost for these BEGINNING items Balance Sheet of GeneralProducts Inc. on Dec 31, 2015 Assets Current Assets Cash and cash equivalent Accounts Receivables Inventory Inventory of Premiums(@$1.10 per premium) Total Current Assets Long Term Assets Investments Property Plant and Equipment Less Accumulated Depreciation Total Long Term Assets Intangible Assets Trade Marks Total Assets 11,980 20,520 317,060 660 350,220 66,775 750,000 90,000 660,000 726,775 190,000 1,266,995 GeneralProducts Inc is incorporated in Nevada, USA on Jan 1,2013 to takeover a local retail chain. The objective of the company is to suuply goods of every day use to customers at the most competitive prices. GeneralProducts has chain of stores throughout USA. The retial operations of the company are so designed that customers can shop seamlessly in stores and online. MISSING DATA: APPARENTLY THE ORIGINAL DATA DOES NOT INCLUDE THE NUMBER OF UNITS IN BEGINNING INVENTORY, WHICH IS 12,610. I would use an average cost for these BEGINNING items Balance Sheet of GeneralProducts Inc. on Dec 31, 2015 Assets Current Assets Cash and cash equivalent Accounts Receivables Inventory Inventory of Premiums(@$1.10 per premium) Total Current Assets Long Term Assets Investments Property Plant and Equipment Less Accumulated Depreciation Total Long Term Assets Intangible Assets Trade Marks Total Assets 11,980 20,520 317,060 660 350,220 66,775 750,000 90,000 660,000 726,775 190,000 1,266,995