Balance

Forward
Sheet (Projected)
Year 1 Year 2 Year 3
Assets

Current Assets
Cash in bank $ 110,000 $ 135,000 $ 155,000
Accounts receivable - - -
Inventory 26,000 29,000 29,000
Prepaid expenses - - -
Other current assets - - -
Total Current Assets $ 136,000 $ 164,000 $ 184,000

Fixed Assets
Machinery & equipment $ - $ - $ -
Furniture & fixtures - - -
Other fixed assets - - -
(LESS accumulated depreciation
on all fixed assets) - - -
Total Fixed Assets (net of
depreciation) $ - $ - $ -

TOTAL Assets $ 136,000 $ 164,000 $ 184,000

Liabilities and Equity

Current Liabilities
Accounts payable $ 12,000 $ 13,700 $ 15,370
Taxes payable 1,340 4,120 10,220
Other current liabilities - - -
Total Current Liabilities $ 13,340 $ 17,820 $ 25,590

Long-term Debt
Bank loans payable $ - $ - $ -
Other long term debt - - -
Total Long-term Debt $ - $ - $ -

Total Liabilities $ 13,340 $ 17,820 $ 25,590

Owners' Equity
Invested capital $ 100,000 $ 100,000 $ 100,000
Retained earnings - - -
Earnings 16,560 28,080 46,980
Total Owners' Equity $ 116,560 $ 128,080 $ 146,980

Total Liabilities & Equity $ 129,900 $ 145,900 $ 172,570

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 Balance
Forward
Sheet (Projected)
Year 1 Year 2 Year 3
Assets

Current Assets
Cash in bank $ 110,000 $ 135,000 $ 155,000
Accounts receivable - - -
Inventory 26,000 29,000 29,000
Prepaid expenses - - -
Other current assets - - -
Total Current Assets $ 136,000 $ 164,000 $ 184,000

Fixed Assets
Machinery & equipment $ - $ - $ -
Furniture & fixtures - - -
Other fixed
(LESS assets
accumulated - - -
depreciation on all fixed
assets) - - -
Total Fixed Assets (net of
depreciation) $ - $ - $ -

TOTAL Assets $ 136,000 $ 164,000 $ 184,000

Liabilities and Equity

Current Liabilities
Accounts payable $ 12,000 $ 13,700 $ 15,370
Taxes payable 1,340 4,120 10,220
Other current liabilities - - -
Total Current Liabilities $ 13,340 $ 17,820 $ 25,590

Long-term Debt
Bank loans payable $ - $ - $ -
Other long term debt - - -
Total Long-term Debt $ - $ - $ -

Total Liabilities $ 13,340 $ 17,820 $ 25,590

Owners' Equity
Invested capital $ 100,000 $ 100,000 $ 100,000
Retained earnings - beginning - - -
Earnings 16,560 28,080 46,980
Total Owners' Equity $ 116,560 $ 128,080 $ 146,980

Total Liabilities & Equity $ 129,900 $ 145,900 $ 172,570