BALANCE SHEET

$ Change from % Change from

12/31/2014 12/31/2015 2014 to 2015 2014 to 2015
ASSETS:
Current Assets:
Cash and cash equivalents $ 400,000 $ 601,000 $ 201,000 50%
Short-term investments $ 900,000 $ 899,000 $ (1,000) 0%
Accounts receivable $ 180,000 $ 230,000 $ 50,000 28%

Assets
Inventory
Total Current Assets
$
$
20,000
1,500,000
$
$
45,000
1,775,000
$
$
25,000
275,000
125%
18%

=
Long Term Assets:
depreciation
Land
$
$
100,000
15,000
$
$
95,000
25,000
$
$
(5,000)
10,000
-5%
67%
Machine $ - $ 50,000 $ 50,000 N/A
Total Long Term Assets $ 115,000 $ 170,000 $ 55,000 48%
Total Assets $ 1,615,000 $ 1,945,000 $ 330,000 20%

LIABILITIES & EQUITY:

Current Liabilities:
Accounts payable $ 30,000 $ 35,000 $ 5,000 17%

Liabilities
Short-term debt
Total Current Liabilities
$
$
100,000
130,000
$
$
90,000
125,000
$
$
(10,000)
(5,000)
-10%
-4%

+Long Term Liabilities:

Long-term debt $ 1,000,000 $ 900,000 $ (100,000) -10%

Equity
Total Liabilities

Equity:
$ 1,130,000 $ 1,025,000 $ (105,000) -9%

Retained Earnings $ 470,000 $ 845,000 $ 375,000 80%

Common Shares $ 15,000 $ 75,000 $ 60,000 400%
Total Equity $ 485,000 $ 920,000 $ 435,000 90%
Total Liabilities and Equity $ 1,615,000 $ 1,945,000 $ 330,000 20%

Does Assets = Liabilities + Equity? Yes the Yes the balance

balance sheet sheet balances.
balances.
 CASH FLOW STATEMENT

12/31/2015
CASH FLOW FROM OPERATIONS
Net Income $ 375,750
A) Cash Flow from Operations =
Depreciation & Amortization $ 5,000
Net Income + Depreciation +/-
Increase in Accounts Receivable $ (50,000)
change inIncrease
Current Assets and
in Inventory $ (25,000)
Current Liabilities.
Increase in Accounts Payable $ 5,000 Balance Sheet (Current Liabilities)
Total Cash Flow from Operations $ 310,750

CASH FLOW FROM INVESTING

B) Cash Land
Flow from Investing = $ (10,000) Balance Sheet (Long Term Assets)
AmountMachine
Invested $ (50,000) Balance Sheet (Long Term Assets)
in LandTotal
and Cash
Machines.
Flow from Investing $ (60,000)

CASH FLOW FROM FINANCING

C) Cash Flow fromin Financing
Decrease =
Short Term Debt $ (10,750) Balance Sheet (Current Liabilities)
Change inDecrease
Debt orinCommon Shares.
Long Term Debt $ (100,000) Balance Sheet (Long Term Liabilities)
Increase in Common Shares $ 60,000
Total Cash Flow from Financing $ (50,750)

Total
Total Changein
Change in Cash
Cash Flow
= $ 200,000
A)Cash Flow From Operations +
B)Cash Flow from Investing + Please Note: the Total
C)Cash Flow from Financing Change in Cash Flow must =
the 2015 Balance Sheet cash
balance - the 2014 Balance
Sheet cash balance.
CASH FLOW STATEMENT

12/31/2015
CASH FLOW FROM OPERATIONS
Net Income $ 375,750
Depreciation & Amortization $ 5,000
Increase in Accounts Receivable $ (50,000)
Increase in Inventory $ (25,000)
Increase in Accounts Payable $ 5,000 Balance Sheet (Current Liabilities)
Total Cash Flow from Operations $ 310,750

CASH FLOW FROM INVESTING

Land $ (10,000) Balance Sheet (Long Term Assets)
Machine $ (50,000) Balance Sheet (Long Term Assets)
Total Cash Flow from Investing $ (60,000)

CASH FLOW FROM FINANCING

Decrease in Short Term Debt $ (10,750) Balance Sheet (Current Liabilities)
Decrease in Long Term Debt $ (100,000) Balance Sheet (Long Term Liabilities)
Increase in Common Shares $ 60,000
Total Cash Flow from Financing $ (50,750)

Total Change in Cash Flow $ 200,000

Please Note: the Total

Change in Cash Flow must =
the 2015 Balance Sheet cash
balance - the 2014 Balance
Sheet cash balance.