Balance Sheet

Assets Liabilities
Current Assets Current Liabilities
Cash 32,800 Accounts Payable
Account Receivable 300 Accrued Expense
Prepaid Rent 1,000 Unearned Revenue
Inventory 39,800 Total Current Liabilities
Total Current Assets 73,900

Long Term Assets Long Term Liabilities

Leasehold Improvements 100,000 Total Liabilities
Accumulated Depreciation - 2,000
Total Long Term Assets 98,000 Equity
Total Assets 171,900 Owner's Equity
Retained Earnings
Common Stock
Total Owner's Equity
Total Liabilities and Owner's Equity
ties

49,000
450
1,000
50,450

99,500
149,950

ty

11,950
10,000
21,950
171,900
 Income Statement

Revenues 27,800

Expenses
COGS 10,200
Depreciation Expense 2,000
Wage Expense 750
Rent Expense 500
Interest Expense 500
Supplies Expense 500
Utilities Expense 400
Total Expense 14,850
Net Income 12,950
 Statement Of Cash Flows

CASH FLOWS FROM OPERATING ACTIVITIES

Net Income 12,950
Depreciaton on fixed assets 2,000
Accounts receivable - 300
Inventory - 39,800
Prepaid Expense - 1,000
Accounts Payable 49,000
Accrue expenses and unearned revenues 1,450
NET CASH PROVIDED BY OPERATING ACTIVITIES 24,300

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of property and equipment - 101,000
NET CASH USED IN INVESTING ACTIVITIES - 101,000

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from line of credit -
Payments on line of credit 10,000
Proceeds from long-term debt 99,500
Payments on long-term debt -
NET CASH PROVIDED (USED) IN FINANCING ACTIVITIES 109,500
NET INCREASE (DECREASE) IN CASH 32,800

BEGINNING CASH BALANCE -

ENDING CASH BALANCE 32,800