Page 39 - 2019 Pancake Supply Chain Co-op, Inc. Annual Report
P. 39
PANCAKE SUPPLY CHAIN CO-OP, INC.
BALANCE SHEETS
December 31, 2019 and 2018
2019 2018
ASSETS
Current assets
Cash and cash equivalents $ 23,460 $ 30,718
Due from related party 5,258 -
Income tax receivable 2,341 2,310
Total current assets 31,059 33,028
Investment at equity (Note 2) 1,205,477 734,042
Total assets $ 1,236,536 $ 767,070
MEMBERS’ EQUITY
Members’ equity (Note 1) $ 1,236,536 $ 767,070
Total members’ equity $ 1,236,536 $ 767,070
See accompanying notes to financial statements.
2.
