Hearthside Baking Co$.$

Preliminary Analytical Procedures

Audit Year December $31,20$x$2$

Audited

As of As of

$6/30/20$x$212/31/20$x$1$ $ Change $\%$ Change

Current Assets

Cash: Storefront $125,498\mathrm{.}76135,135\mathrm{.}15$

Cash: Corporate Accounts $293,728\mathrm{.}03210,019\mathrm{.}06$

Cash: Payroll $123,432\mathrm{.}43124,726\mathrm{.}15$

Accounts Receivable $122,849\mathrm{.}12193,976\mathrm{.}31$

Office Supplies $2,379\mathrm{.}002,604\mathrm{.}00$

Cooking Supplies $4,777\mathrm{.}004,713\mathrm{.}00$

Inventory: Ingredients $25,190\mathrm{.}6625,580\mathrm{.}09$

Inventory: Boxes and Packaging $1,423\mathrm{.}051,190\mathrm{.}10$

Inventory: Beverages $3,340\mathrm{.}303,260\mathrm{.}80$

Total Current Assets $702,618\mathrm{.}35701,204\mathrm{.}66$

Long$-$term Assets

Equipment $150,180\mathrm{.}00150,180\mathrm{.}00$

Accumulated Depreciation: Equipment $(82,455\mathrm{.}00)(78,828\mathrm{.}00)$

Plant & Property $330,000\mathrm{.}0033,000\mathrm{.}00$

Accumualted Depreciation: Plant & Property $(82,500\mathrm{.}00)(79,200\mathrm{.}00)$

Land $125,000\mathrm{.}00125,000\mathrm{.}00$

Total Long$-$term Assets $440,225\mathrm{.}00150,152\mathrm{.}00$

Total Assets $1,142,843\mathrm{.}35851,356\mathrm{.}66$

Liabilities

Accounts Payable $25,712\mathrm{.}0038,556\mathrm{.}70$

Wage Taxes Payable $--$

Corporate Income Tax Payable $21,247\mathrm{.}7838,125\mathrm{.}96$

Dividends Payable $-13,125\mathrm{.}00$

Mortgage Payable $290,673\mathrm{.}81292,262\mathrm{.}13$

Notes Payable: Vehicles $22,555\mathrm{.}5324,878\mathrm{.}31$

Total Liabilities $360,189\mathrm{.}12406,948\mathrm{.}10$

Stockholders' Equity

Common Stock, Par value $$1\mathrm{.}00$; authorized $1,000,000$; Issued and outstanding $50,000$ shares $50,000\mathrm{.}0050,000\mathrm{.}00$

Additional Paid in Capital $120,075\mathrm{.}91120,075\mathrm{.}91$

Retained Earnings $612,578\mathrm{.}32571,332\mathrm{.}65$

Total Stockholders' Equity $782,654\mathrm{.}23741,408\mathrm{.}56$

Total Liabilities and Stockholders' Equity $1,142,843\mathrm{.}351,148,356\mathrm{.}66$