ASSL1S @

LnLry no ueLalls
ueblL CredlL ueblL CredlL ueblL CredlL ueblL CredlL ueblL CredlL
1 lrlends CaplLal 66000
2 Cwn CaplLal 99000
3 Legal lees 2700
4 Land and 8ulldlng 14400 43000 3000
3 8enovaLlon work 20000 20000
6 1apes lnvenLory 100000 100000
7 LqulpmenL 6700
8 CompuLer SofLware 1000
9 Cfflce Supplles 300
10 AdverLlslng 6000
11 1apes of new 1lLles 18730
12 Sales 93800 2200
13 Wages 32000
14 Salary drawn 8y Wllllams 30000
13 MorLgage lnLeresL
16 uepreclaLlon of equlpmenL and supplles
17 AdverLlslng expense Llll now
AmorLlsaLlon on 2000 Lapes 16667
AmorLlsaLlon on 30 Lapes 104
AmorLlsaLlon on 200 Lapes 1230
uepreclaLlon on bulldlng
AmorLlslng on Lhe sofLware
1oLal 238800 213300 2200 0 43000 0 23000 0 118730 18021
43300 2200 43000 23000 100729
Cash A8 Land 8ulldlng lnvenLory
ueblL CredlL ueblL CredlL ueblL CredlL ueblL CredlL ueblL CredlL ueblL CredlL
66000
99000
6700
1000
300
6000
18730
300
3000
100
6700 1000 100 6000 3000 300 300 0 66000 0 99000 0 18730
6700 900 3000 0 66000 99000 18730

@
LqulpmenL SofLware repald AdverLlslng offlce Supplles lrlends CaplLal Cwners caplLal A
ueblL CredlL ueblL CredlL ueblL CredlL ueblL CredlL ueblL CredlL
2700
33600
300
2900 2900
16667
104
1230
100
0 33600 2900 2700 0 18021 0 100 0 2900 0 300 0
33600 2900 2700 18021 100 2900 300

3609 0
lnLeresL ayable on
morLgage 8L legal fee 8LlnLeresL MorLgage Cfflce supplles 8LsofLware
8L AmorLlsaLlon on
Lapes
ueblL CredlL ueblL CredlL ueblL CredlL ueblL CredlL ueblL CredlL ueblL CredlL ueblL CredlL
96000
32000
30000
670 670
3000
300 300
0 96000 670 0 300 0 32000 0 30000 0 3000 0 0 1170
96000 670 300 32000 30000 3000 1170
8eLalned Larnlngs
8L uepr on 1apes 8LSales Accum depr 8LAdverLlslng Wllllams salary Wages 8L8ulldlng depr
Cash 43300 AccounLs ayable 18730
A8 2200 MorLgage 33600
Land 43000 AccumulaLed uepreclaLlon 1170
8ulldlng 23000 lnLeresL ayable 2900
lnvenLory 100729 Cwners CaplLal 99000
LqulpmenL 6700 lrlends CaplLal 66000
SofLware 900
repald AdverLlslng 3000 8eLalned Larnlngs 3609
1ota| Assets 227029 1ota| L|ab|||t|es and Cwners Lqu|ty 227029
1humbs Up V|deo Inc
8a|ance Sheet as of Iune 30 1989
Assets L|ab|||t|es
Sales 96000
Legal fee 2700
AmorLlsaLlon on Lapes 18021
SofLware 1000
lnLeresL 2900
uepr on 1apes 670
8ulldlng depr 300
uepr on s/w 100
Wages 32000
roprleLors salary 30000
AdverLlslng Lxpense 3000
Net Income S109
1humbs Up V|deo Inc
Income Statement through Iune 30 1989