Please complete the opening BALANCE SHEET for Friar Phills per the template and information listed below.

Assets Current Assets Cash in Bank Inventory Prepaid Expenses Other Total Current Assets $ Fixed Assets Machinery & Equipment $ Furniture & Fixtures Leasehold Improvements Real Estate/Buildings Other Total Fixed Assets Other Assets Specify Specify $ Total Other Assets $ Total Assets Liabilities & Net Worth Current Liabilities Accounts Payable Taxes Payable Notes Payable (due within 12 months) Current Portion Long-term Debt Other current liabilities (specify) Total Current Liabilities $ Long-term Liabilities Bank Loans Payable (greater than 12 months) Less: Short-term Portion Notes Payable to Stockholders Other long-term debt (specify) Total Long-term Liabilities Total Liabilities Owners' Equity (Net Worth) Total Liabilities & Net Worth Sources of Capital Owners' Investment (name and percent ownership) -100% Ownership None None None 100,000 Total Investment $ 100,000 Bank Loans Bank First Shoreline Credit Union None 500,000 200,000 None 700,000 Total Bank Loans Other Loans None None Total Other Loans $ Startup Expenses Buildings/Real Estate Remodeling None None None 300,000 easehold Improvements Restroom Accessories 30,000 nterior 10,000 10,000 20,000 70,000 Exterior -Nalls & Flooring Total Leasehold Improvements Capital Equipment List Furniture: Dining Room Tables, chairs, bar stools 15,000 Equipment Office Supplies, menus, staionary ixtures: Bar & Dining Room Decorations Machinery: Oven, Fryer, Grill, Soda 23,000 2,500 225,000 Uniforms 3,000 268,500 Total Capital Equipment ocation and Admin Expenses Rent & Related Costs 15,000 Jtility deposits Legal and accounting fees Prepaid insurance Pre-opening salaries None Total Location and Admin Expenses 10,000 5,000 7,500 16,000 53,500 Startup Expenses Buildings/real estate Leasehold improvements Capital equipment Location/administration expenses Opening inventory Advertising/promotional expenses Other expenses Contingency fund Working capital Total Startup Expenses 300,000 30,000 268,500 53,500 28,000 19,000 47,000 25,000 25,000 796,000 Assets Current Assets Cash in Bank Inventory Prepaid Expenses Other Total Current Assets $ Fixed Assets Machinery & Equipment $ Furniture & Fixtures Leasehold Improvements Real Estate/Buildings Other Total Fixed Assets Other Assets Specify Specify $ Total Other Assets $ Total Assets Liabilities & Net Worth Current Liabilities Accounts Payable Taxes Payable Notes Payable (due within 12 months) Current Portion Long-term Debt Other current liabilities (specify) Total Current Liabilities $ Long-term Liabilities Bank Loans Payable (greater than 12 months) Less: Short-term Portion Notes Payable to Stockholders Other long-term debt (specify) Total Long-term Liabilities Total Liabilities Owners' Equity (Net Worth) Total Liabilities & Net Worth Sources of Capital Owners' Investment (name and percent ownership) -100% Ownership None None None 100,000 Total Investment $ 100,000 Bank Loans Bank First Shoreline Credit Union None 500,000 200,000 None 700,000 Total Bank Loans Other Loans None None Total Other Loans $ Startup Expenses Buildings/Real Estate Remodeling None None None 300,000 easehold Improvements Restroom Accessories 30,000 nterior 10,000 10,000 20,000 70,000 Exterior -Nalls & Flooring Total Leasehold Improvements Capital Equipment List Furniture: Dining Room Tables, chairs, bar stools 15,000 Equipment Office Supplies, menus, staionary ixtures: Bar & Dining Room Decorations Machinery: Oven, Fryer, Grill, Soda 23,000 2,500 225,000 Uniforms 3,000 268,500 Total Capital Equipment ocation and Admin Expenses Rent & Related Costs 15,000 Jtility deposits Legal and accounting fees Prepaid insurance Pre-opening salaries None Total Location and Admin Expenses 10,000 5,000 7,500 16,000 53,500 Startup Expenses Buildings/real estate Leasehold improvements Capital equipment Location/administration expenses Opening inventory Advertising/promotional expenses Other expenses Contingency fund Working capital Total Startup Expenses 300,000 30,000 268,500 53,500 28,000 19,000 47,000 25,000 25,000 796,000