To the Board of Directors Item/List test company 1103 Fairlight Ave.

Sedona, AZ 85090

We have reviewed the accompanying balance sheet of Item/List test company as of December 31, 2009, and the related statements of operations and cash flows for the 12 months then ended, in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. All information included in these financial statements is the representation of the management of Item/List test company. A review consists principally of inquires of Company personnel and analytical procedures applied to financial data. It is substantially less in scope than an audit in accordance with auditing standards generally accepted in the United States of America, the objective of which is the expression of an opinion regarding the financial statements taken as a whole. Accordingly, we do not express such an opinion. Based on our review, we are not aware of any material modifications that should be made to the accompanying financial statements in order for them to be in conformity with accounting principles generally accepted in the United States of America.

June 18, 2009

6/18/09 Accrual

Item/List test company

BALANCE SHEET
As of December 31, 2009
ASSETS

31-Dec-09 CURRENT ASSETS Bank ToEdit Bank Level 0 Bank of Anycity Acct Recv 3 Acct Recv 2 Accounts Receivable Employee Advances Inventory Asset Undeposited Funds Total Current Assets PROPERTY AND EQUIPMENT Fixed Assets Total Property and Equipment OTHER ASSETS Other Asset Total Other Assets TOTAL ASSETS $ $ (1,211.96) 4,706.00 318,505.85 140.00 190.00 82,127.23 (1,517.00) 144,617.59 20,842.06 568,399.77

37,285.00 37,285.00

(6,102.80) (6,102.80) 599,581.97

LIABILITIES AND STOCKHOLDERS' EQUITY

31-Dec-09 CURRENT LIABILITIES Acct Payable 3 Acct Payable 2 Accounts Payable Card of Credit ToIncome Payroll Liabilities Sales Tax Payable Total Current Liabilities LONG-TERM LIABILITIES Long Term Liability Total Long-Term Liabilities Total Liabilities STOCKHOLDERS' EQUITY Equity Inactive Opening Bal Equity Owner's Capital Retained Earnings Net Income $ 130.00 (411.00) 37,185.00 22,334.59 38.00 25,853.69 4,577.40 89,707.68

32,474.00 32,474.00 122,181.68

800.00 352,520.00 420.00 118,333.29 4,327.00

See Accountant's Compilation Report

Page 1 of 2

6/18/09 Accrual

Item/List test company

BALANCE SHEET
As of December 31, 2009

Total Stockholders' Equity Statement Out of Balance TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $

476,400.29 1,000.00 599,581.97

See Accountant's Compilation Report

Page 2 of 2

The following graph compares the Current Assets on the Balance Sheet. You can create custom charts like this one for any statements in the Financial Report. You have complete control over the layout and text on the page.

Current Asset Distribution

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6/18/09 Accrual

Item/List test company

INCOME STATEMENT
12 Months Ended December 31, 2009
12 months ended 12 months ended Dec 31, 2009 Dec 31, 2008 REVENUE Income Level 0 Uncategorized Income Accounting Services Billing Adjustments Consulting Tax Services Total Revenue COST OF GOODS SOLD Cost of Goods Sold Total Cost of Goods Sold Gross Profit OPERATING EXPENSES Uncategorized Expenses Amortization Expense Automobile Expense Bank Service Charges Cash Discounts Commission Contributions Depreciation Expense Equipment Rental Insurance Practice Development Telephone Total Operating Expenses Operating Income (Loss) OTHER INCOME Interest Income Total Other Income OTHER EXPENSES Total Other Expenses Income (Loss) Before Income Taxes Income Tax Net Income (Loss) $ 4,327.00 $ 19,619.15 0.00 4,327.00 0.00 19,619.15 $ 99.00 $ 3,344.00 229.00 (30.00) 0.00 43.00 3,685.00 0.00 618.00 0.00 0.00 19,544.13 300.00 20,462.13

0.00 0.00 3,685.00

892.98 892.98 19,569.15

(301.00) (368.00) 10.00 (32.00) 176.00 (44.00) 20.00 24.00 (12.00) 73.00 201.00 (351.00) (604.00) 4,289.00

(300.00) 0.00 0.00 250.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (50.00) 19,619.15

38.00 38.00

0.00 0.00

See Accountant's Compilation Report

Page 1 of 1

6/18/09 Accrual

Item/List test company

STATEMENT OF CASH FLOWS

12 Months Ended December 31, 2009
12 months ended Dec 31, 2009 CASH FLOWS FROM OPERATING ACTIVITIES NET INCOME Net Income (Loss) Total Net Income ADJUSTMENTS TO NET INCOME Adjustments to reconcile Net Income (Loss) to net Cash: (Increase) Decrease in: Accounts Receivable Inventory Asset (Increase) Decrease in: Accounts Payable Card of Credit Payroll Liabilities Total Adjustments Net Cash Provided By (Used In) Operating Activities CASH FLOWS FROM INVESTING ACTIVITIES Fixed Assets Other Asset Net Cash Provided By (Used In) Investing Activities CASH FLOWS FROM FINANCING ACTIVITIES Long Term Liability Owner's Capital Net Cash Provided By (Used In) Financing Activities NET INCREASE (DECREASE) IN CASH CASH AT BEGINNING OF PERIOD Cash at Beginning of Period Total Cash at Beginning of Period CASH AT END OF PERIOD $

4,327.00 4,327.00

(5,023.92) (518.00) (11,849.00) 6,388.00 45.00 (10,957.92) (6,630.92)

(1,152.00) 5,673.34 4,521.34

(79.00) 248.00 169.00 (1,940.58)

344,782.53 344,782.53 342,841.95

See Accountant's Compilation Report

Page 1 of 1