Deleon Corporation

Balance Sheets
December 31

Increase (Decrease)
ASSETS 2019 2018 Amount Percentage
Current Assets:
Cash 106,789 102,375 4,414.00 4.31%
Accounts Receivable 327,611 277,467 50,144.00 18.07%
Inventory 334,863 297,654 37,209.00 12.50%
Prepaid Expenses 101,565 114813 (13,248.00) -11.54%
Total Current Assets 870,828 792,309 78,519.00 9.91%
Non-Current Assets:
Property, Plant &
Equipment 135,754 166481 (30,727.00) -18.46%
Intangibles 7,500 7,500 0.00 0.00%
Total Non-Current Assets 143,254 173,981 (30,727.00) -17.66%
Total Assets 1,014,082 966,290 47,792.00 4.95%

LIABILITIES &
STOCKHOLDERS’
EQUITY
Liabilities
Current Liabilities:
Accounts Payable 238,000 208,703 29,297.00 14.04%
Unearned Revenues 107,508 82,456 25,052.00 30.38%
Notes Payable -Current 45,000 45,000 0.00 0.00%
Total Current Liabilities 390,508 336,159 54,349.00 16.17%
Non-Current Liabilities:
Notes Payable -Non-
Current 208,422 253,500 (45,078.00) -17.78%
Total Liabilitites 598,930 589,659 9,271.00 1.57%

Stockholder's
Equity:
Capital stock, Php 5.00 par
value,
51,000 shares
issued and outstanding 255,000 255,000 0.00 0.00%
Retained earnings 160,152 121,631 38,521.00 31.67%
Total Stockholders’ Equity 415,152 376,631 38,521.00 10.23%
Total Liabilities
and
Stockholders'
Equity 1,014,082 966,290 47,792.00 4.95%