Ye Olds Sweets

Balance Sheet
As of December 31

Assets
Current Assets: 12/31/2016 12/31/2017 % Change
Cash $ 25,369.38 $ 19,446.64 -23%
Accounts Receivable 55,627.27 66,544.60 20%
Less: Allowance for Doubtful Accounts (5,510.00) (6,310.00) 15%
Supplies 2,560.30 6,338.50 148%
Inventory 40,250.69 48,564.25 21%
Prepaid Rent 3,071.43 3,072.50 0%
Prepaid Insurance 4,037.33 4,037.33 0%
Short-term Investments 24,200.00 31,650.00 31%
Total Current Assets $ 149,606.40 $ 173,343.82 16%
Plant Assets:
Equipment 2,550.00 2,550.00 0%
Leasehold Improvements 10,200.00 10,200.00 0%
Less: Accumulated Depreciation (2,380.20) (4,591.10) 93%
Total Plant Assets $ 10,369.80 $ 8,158.90 -21%
Total Assets $ 159,976.20 $ 181,502.72 13%

Liabilities and Equity

Current Liabilities:
Accounts Payable $ 12,487.30 $ 15,130.68 21%
Wages Payable 2,495.10 3,316.55 33%
Sales Tax Payable 2,702.63 3,013.14 11%
Unearned Revenue 1,560.00 1,260.00 -19%
Current Portion of Long-term Notes Payable 5,000.00 5,000.00 0%
Total Current Liabilities $ 24,245.03 $ 27,720.37 14%
Long-term Liabilities:
Long-term Notes Payable $ 15,000.00 $ 10,000.00 -33%
Total Liabilities $ 39,245.03 $ 37,720.37 -4%
Equity:
Common Stock $ 15,000.00 $ 15,000.00 0%
Additional Paid-in Capital 50,000.00 50,000.00 0%
Retained Earnings 55,731.17 78,782.35 41%
Total Equity 120,731.17 143,782.35 19%
Total Liabilities and Equity $ 159,976.20 $ 181,502.72 13%

10/17/2017