PROJECTED

BALANCE SHEET
Brenda's Sewing Shoppe

ASSETS
CURRENT ASSETS Historical Projected
Cash in bank $125,000.00 $150,000.00
Accounts receivable $200,000.00 $225,000.00
Inventory $55,000.00 $50,000.00
Prepaid expenses $75,000.00 $85,000.00
Other current assets $15,000.00 $25,000.00
TOTAL CURRENT ASSETS $470,000.00 $535,000.00

FIXED ASSETS Historical Projected

Machinery and equipment $29,000.00 $33,729.00 2
Furniture and fixtures $18,800.00 $24,627.00
Leasehold improvements $0.00 $0.00 1
Land and buildings $18,000.00 $18,000.00
Other fixed assets $21,800.00 $31,517.00
(LESS accumulated depreciation on all fixed assets) -$91,300.00 -$83,942.00
TOTAL FIXED ASSETS (NET OF DEPRECIATION) -$3,700.00 $23,931.00

OTHER ASSETS Historical Projected

Intangibles $95,700.00 $101,997.00 2
Deposits $43,600.00 $35,652.00
Goodwill $68,400.00 $78,136.00 1
Other $69,400.00 $65,508.00
TOTAL OTHER ASSETS $277,100.00 $281,293.00

TOTAL ASSETS $743,400.00 $840,224.00

LIABILITIES AND EQUITY

CURRENT LIABILITIES Historical Projected
Accounts payable $63,400.00 $61,269.00 2
Interest payable $67,300.00 $60,989.00
Taxes payable $52,300.00 $57,713.00 1
Notes, short-term (due within 12 months) $61,200.00 $57,877.00
Current part, long-term debt $8,600.00 $8,400.00
Other current liabilities $80,500.00 $83,988.00
TOTAL CURRENT LIABILITIES $333,300.00 $330,236.00

LONG-TERM DEBT Historical Projected

Bank loans payable $50,000.00 $41,560.00 2
Notes payable to stockholders $0.00 $0.00
LESS: Short-term portion $0.00 -$34,576.00 1
Other long-term debt $90,500.00 $0.00
TOTAL LONG-TERM DEBT $140,500.00 $6,984.00

TOTAL LIABILITIES $473,800.00 $473,800.00

ASSETS AND LIABILITIES

OWNERS' EQUITY Historical Projected
Invested capital $150,650.00 $225,345.00 2
Retained earnings - beginning $78,235.00 $84,653.00
Retained earnings - current $24,765.00 $26,543.00 1
TOTAL OWNERS' EQUITY $253,650.00 $336,541.00

TOTAL LIABILITIES AND EQUITY $727,450.00 $810,341.00

Page 1 of 1