Sunset Medical P.C.

Income Statement
For Year Ended December 31, 2011
Cash Basis
Assets
Cash
Accounts Receivable
Less: Allowance for Bad Debts
Accounts Receivable Net
Accounts Receivable Other
Prepaid Expebses
Notes Receivable - Employee
Notes Receivable - Dr Jones
Property and Equipment
Less: Accumulated Depreciation
Property and Equipment Net
Total Assets

$
$

308,150.84

(156,023.56)

$
$
$
$
$
$

Stockholders Equity
Common Stock
Retained Earnings
Total Stockholders Equity

$
$

Total Liabilities & Stockholders Equity

(6,458.09)

$
$
$
$
$

38,879.88
19,659.78
56,020.51

$
$

152,127.28
260,229.36

453,802.86

(193,573.50)

260,229.36

426,876.79
(426,876.79)

Liabilities
Accounts Payable
FICA Withholding Payable
FEd Withholding Payable
State Withholding Payable
State Tax Payable
Notes Payable
Total Liabilities

127,018.91
326,783.95

25,000.00
(218,573.50)