Youve created a shoe company. The total investment to develop this enterprise was US$200 million, 75% was a capital contribution and the balance came from a 5-year bank loan (which is amortized at maturity). US$150 million were required to build the shoe factory and show room, and US$40 million were invested on the shoe inventory.

1) Build the initial balance sheet of the company (Initial balance column)

On your first month of operations you sell US$10 million, 50% to individual clients, who paid in cash, and 50% to a large department store that agreed to pay you 3 months from now.

2) Consider a gross margin of 25%, no additional expenses, no tax payment, a 12% annual interest rate (paid monthly) for the 5-year bank loan, and no interest gains on cash equivalents. Report the companys first month P&L statement and balance sheet.