Page 39 - 2019 Apple Supply Chain Co-op, Inc. Annual Report
P. 39
APPLE SUPPLY CHAIN CO-OP, INC.
BALANCE SHEETS
December 31, 2019 and 2018
2019 2018
ASSETS
Current assets
Cash and cash equivalents $ 55,321 $ 5,602
Member notes receivable (Note 3) 475,909 -
Income tax receivable 12,311 -
Total current assets 543,541 5,602
Investment at equity (Note 2) 1,041,322 1,077,991
Total assets $ 1,584,863 $ 1,083,593
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities
Accrued income taxes $ - $ 13,946
Note payable (Note 4) 524,893 -
Total current liabilities 524,893 13,946
Members’ equity (Note 1) 1,059,970 1,069,647
Total liabilities and members’ equity $ 1,584,863 $ 1,083,593
See accompanying notes to financial statements.
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