E 3-8

Cone Corporation

Statement of financial position

At December 311,2013

Assets

Current assets

Marketable securities 40,000

Prepaid rent 12,000

Invesments

Restricted cash 50,000

Marketable securities 40,000

Other assets

Prepaid rent 12,000

Liabilities and Shareholder’s equity

Current Liabilities

Interest payable 12,000

Current maturities of long-term debt 20,000

Long term liabilities

Note payable 180,000

E 3-9

KORVER SUPPLY COMPANY

Statement of Financial position

At December 31 2012

Assets

Current assets

Cash 168,000

Accounts receivable 320,000

Inventories 250,000

Total Current assets 738,000

Property, Plant and Equipment

Net Property, Plant and Equipment 130,000

Total assets 868,000

Liabilities and Shareholder’s equity

Current Liabilities

Acounts payable 180,000

Interest payable 6,000

Note payale 200,000

Total Current Liabilities 386,000

Shareholders’ equity

Ordinary share capital 100,000

Retained earnings 382,000

Total Shareholder’s equity 482,000

Total Liabilities and Shareholder’s equity 868,000