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PANCAKE SUPPLY CHAIN CO-OP, INC.
BALANCE SHEETS
December 31, 2018 and 2017
2018 2017
ASSETS
Current assets
Cash and cash equivalents $ 30,718 $ 36,320
Income tax receivable 2,310 4,487
Total current assets 33,028 40,807
Investment at equity (Note 2) 734,042 1,384,345
Total assets $ 767,070 $ 1,425,152
LIABILITIES AND MEMBERS’ EQUITY
Current liabilities
Trade accounts payable $ - $ 4,721
Total current liabilities - 4,721
Members’ equity (Note 1) 767,070 1,420,431
Total liabilities and members’ equity $ 767,070 $ 1,425,152
See accompanying notes to financial statements.
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