Beginning Cash 1,500,000

Equity
Common 500,000 500,000 500,000 500,000 500,000
Increase / (Decrease) Previous Period 0 0 0 0
Preferred
A Round 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000
B Round 500,000 500,000 500,000
Total Preferred 1,000,000 1,000,000 1,500,000 1,500,000 1,500,000
Increase / (Decrease) Previous Period 0 500,000 0 0
Total Equity 1,500,000 1,500,000 2,000,000 2,000,000 2,000,000

Debt
Short Term Debt 100,000
Increase / (Decrease) Previous Period 0 0 0 100,000

Long Term Debt

Current Portion 100,000 100,000 100,000
Long Term Portion 400,000 300,000 200,000
Total Long Term Debt 0 500,000 400,000 300,000

Increase / (Decrease) Previous Period

Current Portion 0 100,000 0 0
Long Term Protion 0 400,000 (100,000) (100,000)
Total Long Term Debt 0 500,000 (100,000) (100,000)

Total Equity & Debt 1,500,000 1,500,000 2,500,000 2,400,000 2,400,000

Interest
Interest Rate
Short Term Debt 9.0% 9.0% 9.0% 9.0%
Long Term Debt 12.0% 12.0% 12.0% 12.0%

Interest Expense
Short Term Debt 0 0 0 9,000
Long Term Debt 0 60,000 48,000 36,000
Total Interest 0 60,000 48,000 45,000

Interest Income
Interest Rate 4.0% 4.0% 4.0% 4.0%
Interest Income 0 0 0 0

Retained Earnings
Net Income (712,131) (218,064) 704,515 1,002,741
Dividends
Increase / (Decrease) Retained Earnings (712,131) (218,064) 704,515 1,002,741
Beginning Retained Earnings 0 (712,131) (930,195) (225,681)
Ending Retained Earnings (712,131) (930,195) (225,681) 777,060
 500,000
0

1,000,000
500,000
1,500,000
0
2,000,000

(100,000)

100,000
100,000
200,000

0
(100,000)
(100,000)

2,200,000

9.0%
12.0%

0
24,000
24,000

4.0%
10,000

2,252,034
50,000
2,202,034
777,060
2,979,094
Note: total expenses for the year
must equal the annual projections
above.

Note: total expenses for the year

must equal the annual projections
above.
Note: total expenses for the year
must equal the annual projections
above.