MicroDrive Inc.

Balance Sheet

Year Ending 2009 and 2010

ASSETS 2009 2010 LIABILITIES AND EQUITY 2009 2010

Cash and equivalents PHP 15,000.00 PHP 10,000.00 Accounts Payables PHP 30,000.00 PHP 60,000.00
Short-term investments PHP 65,000.00 PHP - Notes Payable PHP 60,000.00 PHP 110,000.00
Accounts Receivables PHP 315,000.00 PHP 375,000.00 Accruals PHP 130,000.00 PHP 140,000.00
Inventories PHP 415,000.00 PHP 615,000.00 Total Current Liabilities PHP 220,000.00 PHP 310,000.00
Total Current Assests PHP 810,000.00 PHP 1,000,000.00 Long-term bonds PHP 580,000.00 PHP 754,000.00
Net plant and equipment PHP 870,000.00 PHP 1,000,000.00 Total Liabilities PHP 800,000.00 PHP 1,064,000.00
Preffered Stock (400,000 shares) PHP 40,000.00 PHP 40,000.00
Common Stock (50,000,000 Shares) PHP 130,000.00 PHP 130,000.00
Retained Earnings PHP 710,000.00 PHP 766,000.00
Total Common Equity PHP 840,000.00 PHP 896,000.00
Total Assets PHP 1,680,000.00 PHP 2,000,000.00 Total Assets PHP 1,680,000.00 PHP 2,000,000.00