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Part 2 BIZRATE Bizrate Electronics, Inc. Balance Sheet December 31, 2018 Assets Cash 113,000 Accounts Receivable 300,000 Less Allowance for Bad Debts 29,000 271,000 Inventory

Part 2 BIZRATE

Bizrate Electronics, Inc. Balance Sheet December 31, 2018

Assets

Cash

113,000

Accounts Receivable

300,000

Less Allowance for Bad Debts

29,000

271,000

Inventory

1,700,000

Tax Exempt Securities

17,000

Other Current Assets

40,000

Other Investments

85,000

Buildings and Depreciable Assets (net)

165,400

Land

70,000

Total Assets

2,461,400

Liabilities and Equity

Accounts Payable

375,000

Mortgages, Notes Payable in < 1 year

185,000

Other Current Liabilities

70,000

Mortgages, Notes Payable in > 1 year

1,190,000

Capital Stock

500,000

Retained Earnings

141,400

Total Liabilities and Equity

2,461,400

Bizrate Electronics, Inc. Statement of Changes in Retained Earnings For the Year Ended December 31, 2018

Beginning Balance

0

Income

381,400

Distributions

(240,000)

Balance, December 31, 2018

141,400

Other Information

Addresses for the owners are:

Jon Jones, 3513 Jackson Street, Louisville, KY 40018

Billy Burt, 2532 Sugarbush, Louisville, KY 40018

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