Profit and Loss (1/1 - 31/12) 2020 2021 Revenue 3 343 851,00 Cost of Goods Sold 367 823,61 Net Gain Sales Fixed Assets 5 706,10 Salary 100 315,53 Depreciation 1472,92 Administrative, Selling, and General 6 343,00 Interest 10 031,55 Profit Before Tax 2 863 570,49 Tax 629 985,51 Profit After Tax 2 233 584,98Balance Sheet (31/12) 2020 2021 2020 2021 Fixed assets Equity Machines 8 560,00 Shareholder Capital 6 740,58 Land 40 967,00 Retained Earnings 2 600 571,13 Buildings 36 349,00 Capital Raise Equipment 11 719,00 Total Equity 2 607 311,71 Total Fixed Assets 97 595,00 Future liabilities Current assets Loar 167 192,55 Bank 2 340 695,70 Total Fixed Liabilities 167 192,55 Inventory 177 361,52 Accounts Receivable 192 385,95 Current liabilities Other Receivables 100 315,53 Seasonal Credit Total Current Assets 2 810 758,70 Accounts Payable 22 170,19 Dividend 111 679,25 Total Current Liabilities 133 849,44 Total Assets $ 2 908 353,70 Total Equity and Liabilities $ 2 908 353,70 Changes for 2021: Changes for 2021 Revenue 8,00% Cost of Goods Sold (% change from last year) -7,00 % Salary 26,00% Administrative, Selling, and General 8,00% Interest of Loan 12,00% Tax cost payable in same year 22,00% Inventory (number of holding days) 66 Accounts Receivable (days) 46 Other Receivables (increase) 12,00% Accounts Payable (days) 25 Dividend (paid next year) (% of after tax profit) 7,00% Machine Sales (Market value), total paid in 2021 7 618,40 Machines book value of sold item 1 968,80 Machines New Investment, Paid in full 2021 12 668,80 Land New Investment, Paid in full 2021 8 193,40 Buildings New Investment, Paid in full 2021 25 807,79 Equipment New Investment, Paid in full 2021 15 469,08 Machine Depreciation 428,00 Land Depreciation Buildings Depreciation 1 090,47 Equipment Depreciation Downpayment of existing loan 10,00% New Loan (Market Value) $