Page 39 - AYZ.indd

YEAR 1 BALANCE SHEET
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Current Assets
Cash $136,434 $117,731 $102,640 $102,650 $106,272 $107,268 $108,263 $109,258 $119,118 $126,351 $142,448 $155,919
Inventory $75,000 $75,000 $75,000 $75,000 $75,000 $75,000 $75,000 $75,000 $75,000 $75,000 $75,000 $75,000
Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Current Assets $211,434 $192,731 $177,640 $177,650 $181,272 $182,268 $183,263 $184,258 $194,118 $201,351 $217,448 $230,919

Long-term Assets $57,700 $57,700 $57,700 $57,700 $57,700 $57,700 $57,700 $57,700 $57,700 $57,700 $57,700 $57,700
Accumulated Depre- $1,225 $2,450 $3,675 $4,900 $6,125 $7,350 $8,575 $9,800 $11,025 $12,250 $13,475 $14,700
ciation
Total Long-term $56,475 $55,250 $54,025 $52,800 $51,575 $50,350 $49,125 $47,900 $46,675 $45,450 $44,225 $43,000
Assets

Other Assets
Other Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Assets $267,909 $247,981 $231,665 $230,450 $232,847 $232,618 $232,388 $232,158 $240,793 $246,801 $261,673 $273,919

Current Liabilities
Accounts Payable $30,554 $35,796 $38,411 $43,652 $46,267 $46,254 $46,242 $46,230 $48,844 $48,832 $51,446 $51,434
Current Borrowing $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other Current Li- $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
abilities
Subtotal Current $30,554 $35,796 $38,411 $43,652 $46,267 $46,254 $46,242 $46,230 $48,844 $48,832 $51,446 $51,434
Liabilities

Long-term Liabilities $236,380 $232,748 $229,104 $225,448 $221,779 $218,098 $214,405 $210,700 $206,983 $203,252 $199,510 $195,755
Total Liabilities $266,934 $268,544 $267,514 $269,100 $268,046 $264,353 $260,648 $256,930 $255,827 $252,084 $250,956 $247,189

Paid-in Capital $35,000 $35,000 $35,000 $35,000 $35,000 $35,000 $35,000 $35,000 $35,000 $35,000 $35,000 $35,000
Retained Earnings $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Earnings ($34,025) ($55,563) ($70,850) ($73,649) ($70,198) ($66,735) ($63,260) ($59,772) ($50,034) ($40,284) ($24,283) ($8,270)
Total Capital $975 ($20,563) ($35,850) ($38,649) ($35,198) ($31,735) ($28,260) ($24,772) ($15,034) ($5,284) $10,717 $26,730
Total Liabilities and $267,909 $247,981 $231,665 $230,450 $232,847 $232,618 $232,388 $232,158 $240,793 $246,801 $261,673 $273,919
Capital

Net Worth $975 ($20,563) ($35,850) ($38,649) ($35,198) ($31,735) ($28,260) ($24,772) ($15,034) ($5,284) $10,717 $26,730

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