Part 1 Using the Score Financial Projections Template (See Below) analyze the pictures in their entirety for any aspects that may not be obvious to the common financial statement user. Explain each of these areas of possible confusion. Please label each section of confusion by the highlighted label on each excel sheet. The spreadsheet did not show up on word like I wanted it to. If the person looking at this would like a copy of the excel spreadsheet I would be happy to send it to them.

Start-up Expenses Year 1 (Starting Balance Sheet)
Prepared By:	Company Name:
Owner	Company 1
Fixed Assets	Amount	Depreciation (years)	Notes
Real Estate-Land	-	Not Depreciated
Real Estate-Buildings	4,000	20
Leasehold Improvements	20,000	7
Equipment	5,000	7
Furniture and Fixtures	30,000	5
Vehicles	1,000	5
Other	-	5
Total Fixed Assets	$ 60,000
Operating Capital	Amount	Notes
Pre-Opening Salaries and Wages	26,094
Prepaid Insurance Premiums	7,000
Inventory	8,000
Legal and Accounting Fees	1,000
Rent Deposits	3,000
Utility Deposits	600
Supplies	3,000
Advertising and Promotions	3,000
Licenses	1,000
Other Initial Start-Up Costs	2,000
Working Capital (Cash On Hand)	-
Total Operating Capital	$ 54,694
Total Required Funds	$ 114,694
Sources of Funding	Percentage	Totals	Loan Rate	Term in Months	Monthly Payments	Notes
Owner's Equity	52.31%	60,000
Outside Investors	21.53%	24,694
Additional Loans or Debt
Commercial Loan	26.16%	30,000	9.00%	84	483
Commercial Mortgage	0.00%	-	9.00%	240	-
Credit Card Debt	0.00%	-	7.00%	60	-
Vehicle Loans	0.00%	-	6.00%	48	-
Other Bank Debt	0.00%	-	5.00%	36	-
Total Sources of Funding	100.00%	$ 114,694	Cell D 42 must equal cell C31		$ 483
Total Funding Needed		$ -	You are fully funded (Balanced)