PETMALU Manufacturing company Company

Statement of Financial Position

As of December 31, 2019

Assets
Current Assets
Cash 464,000.00
Marketable Securities 164,000.00
Accounts Receivable 550,000.00
Less: Allowance for Bad Debts 17,800.00 532,200.00
Prepaid Expenses 44,000.00
Manufacturing Supplies 19,500.00
Raw Materials 80,500.00
Work in Process 200,360.00
Finished Goods 346,000.00
Total Current Assets 1,850,560.00

Non-Current Assets
Land 129,800.00
Buildings 609,220.00
Less: Accumulated Depreciation - Bldg. 123,600.00 485,620.00
Machinery and Equipment 2,505,800.00
Less: Accumulated Depreciation - Mach. and Equip. 1,500,000.00 1,005,800.00
Total non-Current Assets 1,621,220.00

Total Assets 3,471,780.00

Liabilities
Current Liabilities
Accounts Payable 198,960.00
Accrued Payroll, Taxes and Interest 227,190.00
Current Portion of Long Term Debt 39,200.00
Income Tax Payable 19,950.00
Total Current Liabilities 485,300.00

Non-Current Liabilities
Mortgage Payable 535,500.00

Total Liabilities 1,020,800.00

Shareholders's Equity

Stockholder's Equity 800,000.00

Retained Earnings 1,599,380.00
Premium on Common Stock 51,600.00
Total Shareholder's Equity 2,450,980.00

Total Liabilities and Shareholder's Equity 3,471,780.00