Assets
Cash and Equivalents $220,000.00
Accounts Receivables $65,000.00
Inventory $120,000.00
Marketable Securities $35,000.00
Total Current Assets $440,000.00
Plant & Equipment $125,000.00
Accumulated Depreciation $12,000.00
Net Fixed Assets $113,000.00
Total Assets $553,000.00
Liabilities
Accounts Payable $45,000.00
Short-term Notes Payable $35,000.00
Other Current Liabilities $38,000.00
Total Current Liabilities $118,000.00
Long-term Debt $208,000.00
Total Liabilities $326,000.00
Owner’s Equity
Common Stock $193,129.50
Retained Earnings $33,870.50
Total Shareholder’s Equity $227,000.00
Total Liabilities and Owner’s Equity $553,000.00
