Exemplar Company

Statement of Financial Position

As of December 31,2018

ASSETS

Current Assets
Cash and Cash Equivalents 500,000.00
Trading Securities 280,000.00
Accounts Receivables 400,000.00
Allowance for Doubtful Accounts (20,000.00) 380,000.00
Notes Receivable 250,000.00
Accrued Interest on Notes Receivable 10,000.00
Inventories 1,300,000.00
Prepaid Expenses 70,000.00
Total Current Assets 2,790,000.00

Non Current Assets

Advances to Officers 100,000.00
Land 1,500,000.00
Building 5,000,000.00
Accumulated Depreciation- Building (2,000,000.00) 3,000,000.00
Equipment 1,000,000.00
Accumulated Depreciation- Equipment (200,000.00) 800,000.00
Land Held for Speculations 500,000.00
Sinking Fund 400,000.00
Preference Share Redemption Fund 350,000.00
Long-term Refundable Deposit 50,000.00
Cash Surrender Value 60,000.00
Lease Rights 100,000.00
Computer Software 3,250,000.00
Total Non Current Assets 10,110,000.00
Total Assets 12,900,000.00

LIABILITIES AND SHAREHOLDER'S EQUITY

Current Liabilities
Accounts Payable 400,000.00
Unearned Rent Income 40,000.00
Accrued Salaries 100,000.00
SSS Payable 10,000.00
Withholding Tax Payable 30,000.00
Dividends Payable 120,000.00
Total Currrent Liabilities 700,000.00

Non Curret Liabilities

Premium on Bonds Payable 1,000,000.00
Bonds Payable 5,000,000.00
Notes Payable 300,000.00
Total Non Current Liabilities 6,300,000.00

Shareholder's Equity
Ordinary Share Capital 5,000,000.00
Preference Share Capital 2,000,000.00
Share Premiums- Ordinary 200,000.00
Share Premiums- Preferrence 500,000.00
Retained Earnings (1,800,000.00)
Total Liabilities and Shareholder's Equity 12,900,000.00