SPORTS UNLIMITED
Balance Sheets
For the Years Ended December 31, 2021 and 2020
			2021		2020
			Amount	%	Amount	%
Assets
Current Assets:
Cash			$ 103,500		$ 70,400
Accounts receivable			46,800		32,000
Inventory			44,550		71,200
Prepaid rent			7,200		3,600
Long-Term Assets:
Investment in bonds			54,900		-
Land			117,450		141,600
Equipment			106,200		102,000
Less: Accumulated depreciation			(30,600)		(20,800)
Total Assets			$ 450,000		$ 400,000
Liabilities and Stockholders' Equity
Current Liabilities:
Accounts payable			$ 30,150		$ 46,800
Interest payable			7,200		3,600
Income tax payable			12,150		10,000
Long-Term Liabilities:
Notes payable			138,150		127,600
Stockholders' Equity:
Common stock			144,000		144,000
Retained earnings			118,350		68,000
Total Liabilities and Stockholders' Equity			$ 450,000		$ 400,000