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Dawson, Inc. Trial Balances Dec 31, 2018 & 2017 Account # Account Description 1000 Cash 1050 Investments - Trading Prior Year Ending - FINAL 31-Dec-2017 Debit Credit 5,785,000 500,000 Current Year Ending - FINAL 31-Dec-2018 Credit 5,210,000 500,000 $ 15,000 3,800,000 5,000 4,900,000 140,000 220,000 1051 1100 1150 1200 1310 1320 1700 3,350,000 40,000 270,000 300,000 118,000 300,000 4,665,000 45,000 80,000 370,000 340,000 130,000 300,000 1720 1730 1810 70,000 48,000 70,000 100,000 60,000 80,000 1830 15,000,000 15,000,000 2000 2110 2120 2130 2200 2310 2320 2400 2600 2700 2800 2810 2815 2850 2855 2856 Fair Value Adjustment: Investments - Trading Accounts Receivable Allowance for Doubtful Accounts Inventory Prepaid Rent Prepaid Insurance Land Vehicles Equipment Buildings Accumulated Depreciation - Vehicles Accumulated Depreciation - Equipment Accumulated Depreciation - Building Goodwill Accounts Payable Salaries & Wages Payable Bonus Payable Payroll Taxes Payable Unearned Revenue Sales Taxes Payable Income Taxes Payable Dividends Payable Warranty Payable Interest Payable Bank Note Payable Terms Notes Payable - Current Terms Notes Payable - NonCurrent Bonds Payable Discount on Bond Payable Fair Value Adjustment: Bonds Payable Common Stock - 1,000,000 shares authorized and issued, $0.001 par Additional Paid in Capital - Excess of Par 1,600,000 105,000 240,000 10,000 350,000 75,000 1,223,000 287,000 320,000 210,000 2,500,000 180,000 1,820,000 1,000,000 1,763,000 115,000 285,000 12,000 500,000 90,000 1,494,000 356,000 685,000 160,000 210,000 1,920,000 1,000,000 55,000 70,000 25,000 10,000 3100 3150 1,000 9,999,000 1,000 9,999,000 3155 20,000 90,000 3200 3300 3400 4,000,000 2,845,000 4,000,000 5,410,000 160,000 80,000 3200 25,000 287,000 356,000 14,000,000 700,000 16,000,000 1,400,000 4010 4030 4510 4510 5010 6010 6020 6110 6210 6310 6320 6330 6340 6350 6400 6500 6600 6900 Additional Paid in Capital - Share Repurchase Convertible $1.00 Preferred Stock, No Par- 200,000 shares authorized and issued Retained Earnings - Beginning Balance Treasury Stock - 20,000 and 10,000 shares Accumulated Other Comprehensive Income - Beginning Balance Dividends Revenue - Toy Sales Revenue - Toy Services Sales Discounts - Toy Sales Sales Returns - Toy Sales Cost of Goods Sold Salary & Wage Expense Bonus Expense Payroll Taxes Expense Travel Expense Rent Expense Insurance Expense Utilities Expense Supplies Expense Repairs & Maintenance Expense Warranty Expense Doubtful Accounts Expense Depreciation Expense Interest Expense Unrealized Holding Loss/(Gain) - Net Income - Trading Portfolio Unrealized Holding Loss/(Gain) - OCI - Bond Payable FV Election Income Tax Expense Totals Check 125,000 300,000 6,275,000 2,275,000 240,000 230,000 136,000 70,000 60,000 30,000 25,000 50,000 274,000 120,000 100,000 300,000 100,000 200,000 7,400,000 2,800,000 285,000 280,000 150,000 70,000 80,000 40,000 30,000 60,000 395,000 140,000 130,000 280,000 6920 15,000 20,000 6930 7900 25,000 1,223,000 41,853,000 35,000 1,494,000 46,005,000 $ $ 41,853,000 $ $ 46,005,000 # 1 2 3 4 5 6 7 8 9 10 11 12 13 2019 / Dec 31, Financial Statement Description 2019 Net Revenue $ 17,100,000 Gross Profit 9,700,000 ----------- Operating Income 5,240,000 Income before Taxes 4,980,000 Net Income 3,486,000 Comprehensive Income 3,451,000 Ending Retained Earnings 8,540,000 Ending Accumulated Other Comprehensive Income (10,000) Total Curent Assets 15,185,000 Total Assets 31,085,000 Total Current Liabilities 5,670,000 Total Liabilities 8,545,000 Total Stockholders' Equity 22,540,000 2018 / Dec 31, 2018 $ 14,275,000 8,000,000 4,390,000 4,075,000 2,852,000 2,877,000 5,410,000 25,000 13,320,000 29,120,000 7,100,000 9,825,000 $ 19,295,000 Dawson, Inc. Income Statement For the Years Ended December 31, 2019 & 2018 2019 2018 1 Revenue: Revenue, net Cost of Goods Sold Gross Profit Gross Profit % Operating Expenses: Total Operating Expenses Operating Income Unrealized Holding Loss/(Gain) - Net Income - Trading Portfolio Interest Expense Income before Taxes Income Tax Expense Net Income Dawson, Inc. Statement of Comprehensive Income For the Years Ended Decembr 31, 2019 & 2018 2019 2018 Net Income Plus Other Comprehensive Income: Unrealized Holding (Loss)/Gain - OCI - Bond Payable FV Election Comprehensive Income Dawson, Inc. Statements of Retained Earnings & Accunulated Other Comprehensive Income For the Years Ended Decembr 31, 2019 & 2018 2019 2018 Retained Earnings - Beginning Balance Plus Net Income Less Dividends Declared Retained Earnings - Ending Balance Accumulated Other Comprehensive Income - Beginning Balance Plus Other Comprehensive Income: Unrealized Holding (Loss)/Gain - OCI - Bond Payable FV Election Accumulated Other Comprehensive Income - Ending Balance
