Balance Sheet report

Balance Sheet
As of 5/6/07

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Assets      
  Cash Accounts      
    Checking Account $13,719.83    
    Petty Cash $100.00    
  Total Cash Accounts $13,819.83  
  Inventory $78,541.50  
  Accounts Receivable $37,264.78  
  Deposits Paid Vendors   $100.00  
  Office Equipment      
    Office Equip., Original Cost $12,000.00    
    Office Equip., Amortization ($4,125.00)    
  Total Office Equipment $7,875.00  
  Vehicles, Original Cost $32,000.00    
  Vehicles, Amortization ($17,000.00)    
  Total Vehicles   $15,000.00  
  Other Assets   $500.00  
Total Assets     $153,101.11
           
Liabilities      
  Credit Cards      
    American Express $3,200.00    
    Visa $1,000.00    
  Total Credit Cards   $4,200.00  
  Accounts Payable   $10,627.02  
  Bank Indebtedness   $100,000.00  
  Tax Liabilities      
    Tax 1 Collected $2,414.58    
    Tax 2 Collected $2,348.68    
  Total Tax Liabilities   $4,763.26  
  Payroll Liabilities      
    Payroll Liabilities $13,919.25    
    Payroll Tax Payable $105.00    
    Vacation Payable $1,267.50    
  Total Payroll Liabilities   $15,291.75  
  Deposits from Customers   $500.00  
Total Liabilities     $135,382.03
           
Equity      
  Paid in Capital   $110,000.00  
  Retained Earnings   ($88,510.92)  
  Current Year Earnings   ($3,770.00)  
Total Equity   $17,719.08
           
Total Liability & Equity     $153,101.11