Question Sheet2 SNMENT 8 4C Company Balance Sheet As at December 31, 0007 Pro Forma as at December 31, 0008 Assets Current Assets S36,218 $13,683 $3,421 $41,903 $17.502 55.834 Card Receivables ts Receivable ries Food ries, Beverages ventories Expenses Current Assets $5.915 $2.211 $6.352 $2.195 $8,126 $2.136 SR 547 $2.176 $63,584 S75,962 $157,772 $144,020 Property Plant & Equipment ient Accumulated Depreciation ings ccumulated Depreciation perty Plant & Equipment ssets S171,524 -$13.752 S53.596 $6.372 S171.524 -522 504 S53.596 -$12.744 S47,224 S40 R$ $204.996 $268.580 $184.872 $260.834 abilities & Stockholders' Equity Current Liabilities ts payable payroll payable portion Bank Loan Payable taxes payable urrent Liabilities 58,819 S2.2151 $38,260 S9.686 $8.817 $2.917 $42,741 $13.090 S58.980 S67,565 Long Term Liabilities Dan Payable iabilities $125.258 582 517 $184.238 S150,082 Stockholders' Equity in Stock $50.000 $30,000 d Earnings $34.342) $34,342 ome $46.410 d Earnings $80,752 ockholders' Equity 584 342 iabilities & Stockholders' Equity $268.50 the above closing Balance Sheet for Year 2007 and the Pro Forma Balance Sheet for Year 0008 re a budgeted pro forma of cash flows for Year 0008 $110.752 $260.834 Question Sheet2 SNMENT 8 4C Company Balance Sheet As at December 31, 0007 Pro Forma as at December 31, 0008 Assets Current Assets S36,218 $13,683 $3,421 $41,903 $17.502 55.834 Card Receivables ts Receivable ries Food ries, Beverages ventories Expenses Current Assets $5.915 $2.211 $6.352 $2.195 $8,126 $2.136 SR 547 $2.176 $63,584 S75,962 $157,772 $144,020 Property Plant & Equipment ient Accumulated Depreciation ings ccumulated Depreciation perty Plant & Equipment ssets S171,524 -$13.752 S53.596 $6.372 S171.524 -522 504 S53.596 -$12.744 S47,224 S40 R$ $204.996 $268.580 $184.872 $260.834 abilities & Stockholders' Equity Current Liabilities ts payable payroll payable portion Bank Loan Payable taxes payable urrent Liabilities 58,819 S2.2151 $38,260 S9.686 $8.817 $2.917 $42,741 $13.090 S58.980 S67,565 Long Term Liabilities Dan Payable iabilities $125.258 582 517 $184.238 S150,082 Stockholders' Equity in Stock $50.000 $30,000 d Earnings $34.342) $34,342 ome $46.410 d Earnings $80,752 ockholders' Equity 584 342 iabilities & Stockholders' Equity $268.50 the above closing Balance Sheet for Year 2007 and the Pro Forma Balance Sheet for Year 0008 re a budgeted pro forma of cash flows for Year 0008 $110.752 $260.834