Balance Sheet Data
Cash on Hand $ 10,000
Total Current Assets 130,000
Total Fixed Assets 260,000
Total Assets $390,000
Accounts Payable $ 20,000
Overdraft Loan Payable 0
1-Year Bank Loan Payable 5,000
Current Portion of Long-Term Bank Loans 17,000
Total Current Liabilities 42,000
Long-Term Bank Loans Outstanding 138,000
Total Liabilities 180,000
Year 11 Year 12
Shareholder Equity: Balance Change
Common Stock 20,000 0
Additional Capital 110,000 0
Retained Earnings 60,000 20,000
Total Shareholder Equity 190,000 +20,000
Total Liabilities and Shareholder Equity $390,000
