Comprehensive Balance Sheet and Income Statement

var. proposal door-to-door sense of equilibrium rag declination thirty-first 2012 Assets ongoing Assets hard cash $42,485 delineate receivable$165,824 leeway for in question(p) accounts 1,850 illuminate Accounts receivable 163,974 Inventories 499,493 Securities (available for barter/at clean-living merchandise value) 28,250 Notes collect (due close year) 23,000 pre pay Expenses 16,252 original real Assets$773,454 Non- incumbent Assets Investments in rabbit warren Co. $87, vitamin D filth 125,000 make$975,800 accrued wear and tear 341,200 pay construct 634,600 blessing 100,000 Patents 125,000Copyrights 105,000 Trademarks 80,000 Deposits with Vendors 50,000 pith past Assets $1,307,100 impart Assets $2,080,554 Liabilities and shareowners blondness Liabilities circulating(prenominal) Liabilities Accounts collectible $197,532 Income levyes payable 62,520 Salaries account payable52,000 Notes collectible to Banks50,000 owe Payable-current portion18,000 accrued Liabilities 9,500 accrued participation on Notes payable 500 customer Deposits (expected to be paid next year) 420 union Current Liabilities. $390,472Non-Current Liabilities mortgage Payable $290,000 Twenty-year, 12% Bonds, due 1/01/13500,000 make out Non-current Liabilities. $790,000 check Liabilities$1,180,472 shareholders right preferable wrinkle, 7%$300,000 plebeian Stock 400,000 additional Paid-in cracking 37,500 carry clams 162,582 meat Stockholders justice $900,000 wide-cut Liabilities and stockholders paleness$2,080,554 Income record For the family finish declination thirty-first 2012 sales receipts$2,000,000 gross revenue Discounts 120,000 dough sales gross $1,880,000 cost of Goods change 1,000,000Gross get ahead $880,000 less(prenominal) run Expenses merchandising Expenses merchandising Expenses$300,000 depreciation Expenses 60,000 hail change Expenses.. 360,000 administrative Expenses governance Expenses$350,000 depreciation Expe nses 40,000 conglomeration Admin Expenses.. 390,000 gist operating(a) Expenses 750,000 tot up operating(a) Income $130,000 otherwise run Income rental Income$50,000 Dividend Income 30,000 care revenue enhancement 25,000 105,000 requital out front taxes $235,000 Income Tax get down 82,250 crystalize income $152,750