BALANCE SHEET

Assets
Current Assets
Cash and Equivalents 10,00,000
Inventory 2,00,000
Miscellaneous 50,000
Total Current Assets 12,50,000
Fixed Assets
Machines and Equipment 5,00,000
Building 1,00,000
Furniture 10,000
Intangible ( Good Will ) 35,000
Total Fixed Assets 6,45,000
Total Assets 18,95,000
Liabilities
Current Liabilities
Loan (Short-term) 2,00,000
Total Current Liabilities 2,00,000
Long-Term Liabilities
Long-Term Loan 13,00,000
Total Liabilities 15,00,000
Owners Equity 3,95,000
Total Liabilities and Owners Equity 18,95,000

INCOME STATEMENT

2017
Sales
Tablets 2,64,000
Capsules 2,64,000
Ointments 10,56,000
Syrup 31,68,000
Net Sales Revenue 47,52,000
Operating Expenses
Land 1,00,000
Advertising 30,000
Commissions 50,000
Insurance 2,00,000
Depreciation 80,000
Maintenance and Repair 80,000
Salaries 21,00,000
Tax and Benefit 45,000
Utilities 30,000
Loan Interest 45,000
Transportation 5,00,000
Miscellaneous 1,00,000
Total Operating Expense 33,60,000
Net Income 13,92,000