Use the information below to construct the Dec. 31, 2017 Balance Sheet Note: Not all items will be used
(all balances are as of 12/31/17, unless otherwise stated)

2017 2017 187,000 53,000 As of: December 31, 2017 ASSETS CURRENT ASSETS Cash Savings & short-term deposits Marketable securities (at market) Accounts receivable Inventories: Supplies and other Raw Inputs Intermediate goods Completed Goods Cash investment in work-in-progress Prepaid expenses Other current assets - business Other current assets - personal TOTAL CURRENT ASSETS LIABILITIES AND OWNER EQUITY CURRENT LIABILITIES Accounts payable Notes payable within 1 year Current portion of all term debt Accrued interest Accrued expenses Accrued taxes Accrued business expenses Other accrued items Current portion-deferred taxes Other current liabilities - business Other current liabilities - personal 8,000 37,000 9,740 29,500 261,500 TOTAL CURRENT LIABILITIES 62,740 NONCURRENT ASSETS Intermediate assets (at market) Machinery & equipment (at market) 175,000 b Investments in capital leased assets Investments in cooperatives Investments in other business entities NONCURRENT LIABILITIES Noncurrent portion of term business debt: Non-real estate debt: Notes with original maturity less than 10 years Notes with original maturity greater than 10 years Real estate debt: Notes with original maturity less than 10 years Notes with original maturity greater than 10 years Noncurrent portion-deferred taxes Other noncurrent liabilities - business Other noncurrent liabilities - personal Business real estate (at market) Land Buildings TOTAL NONCURRENT LIABILITIES Other noncurrent assets -business (at market) Other noncurrent assets-personal (at market) TOTAL NONCURRENT ASSETS 175,000 TOTAL LIABILITIES 62,740 100,000 X. OWNER EQUITY Contributed capital Retained earnings Valuation equity TOTAL OWNER EQUITY TOTAL LIABILITIES & OWNER EQUITY 0 373,761 436,500 TOTAL ASSETS 436,500 187,000 175,000 32,000 518,000 15,000 14,000 8,000 20,500 Soovios. -*- Ecodorows> x Cash on hand and in checking account Market value of all equipment 2016 Income taxes paid in 2017 Cash operating expenses paid in 2017 Principal portion of 15-year loan due in 2018 Principal paid on 15-year loan during 2017 Inventories: Supplies Insurance premiums for 2018 paid in Dec. 2017 Investment in local brewery made in 2016 for $50,000, estimated market value of 65,000 as of 12/31/17 Change in accounts payable during 2017 Inventories: Completed goods Principal balance on operating (short-term) loan Accrued interest on 15-year note Accrued interest on operating (short-term) loan Rent for January 2018, paid in Dec. 2017 Accumulated depreciation on equipment Accrued income, social security, and payroll taxes 2018 liquor license fees, paid in Dec. 2017 Original cost of all equipment owned Legal/accountant services used in 2017, bill not yet received Accounts payable Total principal balance on 15-year loan Mutual funds valued at $50,000 as of 12/31/17, book value of $35,000 Capital originally contributed by owner(s) ??? 1,500 37,000 16,000 9,000 1,000 5,000 80,000 21,000 4,000 260,000 3,000 53,000 180,000 ??? 100,000 Other: Federal tax rate Self-employment tax rate State tax rate 25% 15.30% 5%