Question
what is the income statement for this? BALANCE SHEET December 31, 2019 2018 2017 Assets List all of your current assets cash 5,699,405 525,710 658,079
what is the income statement for this?
BALANCE SHEET | ||||||||
December 31, | 2019 | 2018 | 2017 | |||||
Assets | ||||||||
List all of your current assets | ||||||||
cash | 5,699,405 | 525,710 | 658,079 | |||||
marketable securties | - | 75,000 | 15,000 | |||||
accounts recievable | 1,793,925 | 455,000 | 525,000 | |||||
allowance for bad debt | - | (25,000) | (105,000) | |||||
interest recievable | 23,676 | 23,676 | 21,574 | |||||
prepaid advertising | 160,000 | - | - | |||||
prepaid insurance | 442,000 | 139,836 | 148,945 | |||||
prepaid rent | 92,000 | 29,050 | 34,982 | |||||
office supplies | 33,480 | 3,520 | 5,400 | |||||
inventory | 2,088,650 | 975,000 | 775,000 | |||||
Total Current Assets | 10,333,136 | 2,201,792 | 2,078,980 | |||||
List all of your Non-Current Assets | ||||||||
Office Furniture | 230,000 | - | - | |||||
Equipment | 3,035,000 | 5,000,000 | 5,000,000 | |||||
Accumulated Depreciation | 501,500 | (2,000,000) | 1,500,000 | |||||
Long-Term Notes Receivable | - | 285,000 | - | |||||
Land | 650,000 | 1,450,000 | 1,450,000 | |||||
Patent | 165,000 | - | - | |||||
Total Non-Current Assets | 4,581,500 | 4,735,000 | 4,950,000 | |||||
Total Assets | $ 14,914,636 | $ 6,936,792 | $ 7,028,980 | |||||
Liabilities | ||||||||
List your Current Liabilities | ||||||||
Accounts Payable | 1,321,639 | $ 450,000 | 570,000 | |||||
Wages Payable | 35,000 | 35,000 | 33,000 | |||||
Interest Payable | 4,000 | - | - | |||||
Short-Term Notes Payable | 225,000 | - | - | |||||
Deferred Revenue | 575,000 | - | - | |||||
Dividends Payable | 155,000 | 155,000 | 135,000 | |||||
Bond Interest Payable | - | - | ||||||
Total Current Liabilities | 2,315,639 | 640,000 | 738,000 | |||||
List your Non-Current Liabilities | ||||||||
Long-Term Notes Payable | 1,288,000 | 1,250,000 | 1,250,000 | |||||
Bonds Payable | - | - | - | |||||
Total Non-Current Liabilities | 1,288,000 | 1,250,000 | 1,250,000 | |||||
Total Liabilities | 3,603,639 | 1,890,000 | 1,988,000 | |||||
Stockholders' Equity | ||||||||
List your Equity Accounts | ||||||||
Common Stock | 70,000 | 1,000,000 | 1,000,000 | |||||
Additional Paid-In Capital | - | 1,824,406 | 1,824,406 | |||||
Treasury Stock | - | - | - | |||||
Contributed Capital | - | 500,000 | 500,000 | |||||
Retained Earnings | - | 1,722,386 | 1,716,574 | |||||
Total Stockholder's Equity | 70,000 | 5,046,792 | 5,040,980 | |||||
Total Liabilities and SE | $ 3,673,639 | $ 6,936,792 | $ 7,028,980 |
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