RONDO CASE - APPENDIX A BALANCE SHEET (as of 12/31) ASSETS Current Assets Cash Year of Final Payment Interest & Principal Pmts Due 2022 December 31 2017 2018 2019 Mortgage Bond Information Original Amount Borrowed 5,000,000 Amount Outstanding Dec 31, 2019 5,000,000 5.250.000 Coupon Interest Rate Principal Payment Amt per Year Principal Payments Begin in Year Year of Final Payment Interest and Principal Pmts Due 7.50% 500,000 2024 2033 December 31 1,469,000 Accounts Receivable 9,000,000 2,032,500 9,375,000 2,460,000 9,750,000 Inventory 4.125.000 4.625.000 Total Current Assets 14,594,000 16,032,500 17,460,000 PPE Equipment 19,000,000 18,375,000 17,500,000 Property and Plant 16.000.000 15.375.000 14.750.000 Total PP&E 35,000,000 33,750,000 32,250,000 TOTAL ASSETS LIABILITIES 49,594,000 49,782,500 49,710,000 Current Liabilities Accounts Payable 1,500,000 2,250,000 2,500,000 Current Portion of Bank Loan 2,500,000 2,500,000 2,500,000 Accruals 3.375.000 3.500.000 3.750.000 Total Current Liabilities 7,375,000 8,250,000 8,750,000 Long-Term Debt Bank Loan 10,000,000 7,500,000 5,000,000 Mortgage Bond 5.000.000 5.000.000 5.000.000 Total Long-Term Debt 15,000,000 12,500,000 10,000,000 Total Liabilities 22,375,000 20,750,000 18,750,000 Equity Common Stock 9,587,500 9,587,500 9,587,500 Retained Earnings 17.631.500 19.445.000 21.372.500 Total Equity 27,219,000 29,032,500 30,960,000 TOTAL LIABILITIES & EQUITY 49,594,000 49,782,500 49,710,000 Notes to Rondo's Balance Sheet: Bank Loan Information Original Amount Borrowed 15,000,000 Amount Outstanding Dec 31, 2019 Interest Rate 7,500,000 6.00% Principal Payment Amt per Year 2,500,000