ASSETS

Cash
Trade Receivables
Merchandise Inventory
Prepaid Expenses
Property, Plant and Equipment, Net
TOTAL ASSETS

LIABILITIES AND EQUITY

Current Liabilities
Non-Current Liabilities
Owner's Equity
TOTAL LIABILITIES AND EQUITY
 2020 2019

58,000.00 64,000.00
228,000.00 170,000.00
226,000.00 222,000.00
12,000.00 16,000.00
1,050,000.00 816,000.00
1,574,000.00 1,288,000.00

284,000.00 252,000.00
578,000.00 396,000.00
712,000.00 640,000.00
1,574,000.00 1,288,000.00
 2020
Net Sales 1,716,000.00
Less: Cost of Goods Sold 1,026,000.00
Gross profit 690,000.00
Less: Operating expenses 488,000.00
Operating Income 202,000.00
Less: Interest Expense 40,000.00
Income before Income Taxes 162,000.00
Less: Income tax expense 66,000.00
Net income 96,000.00
 2019
1,606,000.00
1,018,000.00
588,000.00
474,000.00
114,000.00
28,000.00
86,000.00
34,000.00
52,000.00
ASSETS
Cash
Accounts receivable
Merchandise Inventory
Total Current Assets
Property Plant and Equipment, net
TOTAL ASSETS

LIABILITIES AND CAPITAL

Current Liabilities
Non-Current Liabilities
Capital
TOTAL LIABILITIES AND CAPITAL
 2020 2018

112,500.00 112,500.00 (?)

(?) 312,500.00 237,500.00
(?) 295,000.00 430,000.00
(?) 720,000.00 (?)
1,155,000.00 1,155,000.00 988,750.00
(?) 1,875,000.00 (?)

(?) 240,000.00 206,250.00

(?) 785,000.00 700,000.00
850,000.00 850,000.00 (?)
(?) 1,875,000.00 (?)
 93,750.00
237,500.00
430,000.00 362,500.00
761,250.00
988,750.00
1,750,000.00

206,250.00
700,000.00
843,750
1,750,000.00

12,356,216.00
12,571,442.00
12,463,829.00 1,313,007.00
0.11
 2020
Net Sales 2,750,000.00
Less: Cost of Goods Sold (?)
Gross profit (?)
Less: Operating expenses 556,250.00
Operating Income (?)
Less: Income tax expense 140,000.00
Net income (?)
2,750,000.00 275,000.00
1,655,000.00 1,095,000.00 4.565517
1,095,000.00
556,250.00
538,750.00
140,000.00
398,750.00 1,812,500.00
3,625,000.00
1,875,000.00
550,000.00 312,500.00
344,791.67 689,583.33
259,583.33

362,500.00
ASSETS
Accounts receivable
Merchandise Inventory
Total Current Assets
Property Plant and Equipment, net
TOTAL ASSETS

LIABILITIES AND CAPITAL

Current Liabilities
Non-Current Liabilities
Capital
TOTAL LIABILITIES AND CAPITAL
 2020 2019

(?) 25,200.00
10,500.00 (?)
(?) (?)
1,155,000.00 988,750.00
(?) (?)

(?) 206,250.00
(?) 700,000.00
850,000.00 (?)
(?) (?)

1,313,007.00
0.11
362,500.00

9500

4900
11625 26025
34000
7975