Account
Balance DR/(CR)
Cash
$ 101,209
Accounts receivable
85,019
Allowance for bad debts
(15,000)
Inventory, finished goods
900,550
Inventory, work-in-process
44,666
Inventory, raw material
67,890
Deferred development costs
34,445
Property, plant, and equipment
3,700,990
Accumulated amortization, PPE
(901,108)
Patents, at cost
1,010,000
Accounts payable
(198,009)
Warranty provision
(30,000)
Shareholder loan, non-interest bearing
(11,000,000)
Share capital, common shares
(1,000)
Retained earnings
1,364,767
Revenue
(812,202)
Cost of goods sol
666,502
General and administration expenses
1,002,500
Research and development expenses
3,990,000
Other expenses
89,990