SN Frinces Janine Topasi 33513 Baivity #2 ate Fee, 4, 2621 = Poge &4 |e in raeiverthip — Statement oF Reolisohion and Liquidahon for the dix month ended Uuly 1, 202 —S Asse = “Aste te be realized? Epsiloza igaeh | ASS realized: Acounts Receivable o ie eee Inventories 0, 000 Inventories a _ 7 — Notes Receivable 72, 000 Notes Receivable — Equipment 156, 00D Equipment 25,000 — Tea 424, 000 | Total 309,125 == ODD Mott Asst axqui red: = | Asset not ot realized * = aa Credit Sale 10, 500 Credit sale (0,00 = Inerest Receivable (Nor Fectivable) -.. > L500 Tone A = “Total : a Iz, 000 _ SF Ticsities =—s “Liabilities to be Liqidoled = (05,000 | Auountr Payable Werigage Royale Woges Payable: Indes Fayabe se (Hor) }. Tax Payable ~~ nneear Poy abre (mertge9¢) jo, 00 | Wok Payable 65,0 ee = ~ menlga ge Payable 175, 000 us : oe 354,500 — 7 Total — ‘Libilifios atsvmed inka Payabic. (WR)! ~Inprelh “Poyable yabie. (Pap ge) Total ppl ery bent Fakes ieee eee a gone Derk gage) HO ee og Hl cameo Ne bs ee ; Faw] TO A aecones Scanned with CamScannerProblem 02 Ligeid tempany in recedvercchip -_ ~ Gtatemtnt of tealization and Liquidation — = — For the, dix month ended July 31,2020 _ ASSETS 7 7 Asst 40 be realized Asset Realized: Acount Rettivable, Auount Receivable YY, 600 Nerdhandite, hventory 1W0 ,000 | Merchandice Inventory 152, 000 Invertment in common sobs Lb 400 Invest tment in common stocks 2b, Cod Lond $00. 000 |Teral ten, 000 Buildings 0,000 . ~ aurinery ond Equipment 4g, 000 | Cis etn dee Total 44400] ord Asset acquired: : Asset not realized Lond ‘100,000 = a . Buildings 0, 000 - Machinery ond Equipment de, 000 LIASILITIES * oh pe 208/000 shes liquidated + Liabilifice 40 be liqvidated: Bank loan Note Payable 24 Solories ond Woges Payable 40,000 | Aupunty Payable 288,000 Taxes Payable 7 #,000 | Salaries and Woqe Payable ‘yo, 00D Tetol Toros Payable 7,000 _ F Bank Loans 190, ob : Total Liabilities wo} Kqudoted + —__| Lrobinities acsumed z Holes Payable = 144,000 Aupuntt Payable "288,000 | — Bonk Loans 174,000 | a Total * 2GPU,000 Aiea (age Suppkmentory Expense __| Supplementary Invome? > Adwinisiatve Expenue 7,440 Wer Less 1,840 Total dj Leal, £49 | Tore] Ba YO 4 Eascrunnes RENAN NAAAATATATAHHAAHAKAnnnnnan Scanned with CamScanner