ICE CREAM SYSTEMS Balance Sheet As of January 31, 20XX ASSETS Current Assets cash Accounts Receivable Direct materials Indirect Materials Factory Supplies $166,723.89 51,749.00 45,000.00 23,201.00 145,208.00 Finished goods 24,353.50 office supplies 276.20 Total Current Assets $456,511.59 Property, Plant & Equipment Factory Equipment 243,869.88 TOTAL ASSETS $700,381.47 LIABILITIES Accounts payable $7,882.71 FWT Payable 4,747.88 FICA Tax payable 4747.88 FUTA Tax payable 9495.76 SUTA Tax Payable 458.96