22 

P

ROJECTED 

B

ALANCE 

S

HEET

 

 

 

 

 

 

 

 

 

 

 

 

Year 1 

Year 2

Year 3

Assets
Current Assets
    Cash

511,376

$                

914,378

$                    

1,496,423

$               

   Other Current Assets

65,067

$                  

33,533

$                      

2,000

$                      

Total Current Assets

576,442

$                

947,912

$                    

1,498,423

$               

Long-term Assets
   Long-term Assets

101,900

$                

101,900

$                    

101,900

$                  

   Accumulated Depreciation

486

$                       

971

$                           

1,457

$                      

  Total Long-term Assets

101,414

$                

100,929

$                    

100,443

$                  

Total Assets

677,856

$                

1,048,840

$                 

1,598,866

$               

Liabilities and Capital
Current Liabilities
    Accounts Payable

-

$                        

-

$                           

-

$                         

    Current Borowing

-

$                        

-

$                           

-

$                         

    Other Current Liabilities

269,194

$                

269,194

$                    

269,194

$                  

Subtotal Current Liabilities

269,194

$                

269,194

$                    

269,194

$                  

Long-term Liabilities

269,194

$                

269,194

$                    

269,194

$                  

Total Liabilities

269,194

$                

269,194

$                    

269,194

$                  

Common Stock

200,000

$                

200,000

$                    

200,000

$                  

Retained Earnings

208,663

$                

579,646

$                    

1,129,673

$               

Total Capital

408,663

$                

779,646

$                    

1,329,673

$               

Total Liabilities and Capital

677,856

$                

1,048,840

$                 

1,598,866

$               

Pro Forma Balance Sheet