ASSETS
LIABILITIES
Current Assets
Current Liabilities
Cash
$5,368
Accounts payable
$20,204
Accounts receivable
53,687
Short-term notes
0
(less doubtful accounts)
1,284
Current portion of long-term notes
0
Inventory
73,769
Interest payable
0
Temporary investment
0
Taxes payable
2,480
Prepaid expenses
0
Accrued payroll
132,400
Total Current Assets
$134,108
Total Current Liabilities
$155,084
Fixed Assets
Long-term Liabilities
Long-term investments
$0
Mortgage
$0
Land
200,000
Other long-term liabilities
350,608
Buildings
200,000
Total Long-Term Liabilities
$350,608
(less accumulated depreciation)
0
Plant and equipment
414
(less accumulated depreciation)
21
Shareholders' Equity
Furniture and fixtures
43
Capital stock
$0
(less accumulated depreciation)
2
Retained earnings
28,850
Total Net Fixed Assets
$400,434
Total Shareholders' Equity
$28,850
TOTAL ASSETS
$534,542
TOTAL LIABILITIES & EQUITY
$534,542