I need a memo / note for XYZ that will explain in detail the financial position of this company balance sheet. Ratio and graph can be included.

Yinkus811

					Jul 31, 16	Jul 31, 15	% Change
ASSETS
	Current Assets
		Checking/Savings
			1050 · Associated Bank Checking		62,044	52,821	17%
			1051 · Associated Bank Savings		100	100	0%
		Total Checking/Savings			62,144	52,921	17%
		Accounts Receivable
			1100 · Accounts Receivable		1,250	0	100%
		Total Accounts Receivable			1,250	0	100%
	Total Current Assets				63,394	52,921	20%
	Other Assets
		Pre Paid Expense			8,017	12,340	-35%
	Total Other Assets				8,017	12,340	-35%
TOTAL ASSETS					71,411	65,261	9%
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				2000 · Accounts Payable	2,192	503	336%
			Total Accounts Payable		2,192	503	336%
			Other Current Liabilities
				2121 · Deferred Revenue	35,530	0	100%
			Total Other Current Liabilities		35,530	0	100%
		Total Current Liabilities			37,722	503	7,399%
	Total Liabilities				37,722	503	7,399%
	Equity
		2998 · Beginning Equity			60,423	60,423	0%
		2999 · Retained Earnings			1,463	1,463	0%
		32000 · Unrestricted Net Assets			-25,256	-8,242	-206%
		Net Income			-2,941	11,113	-126%
	Total Equity				33,689	64,757	-48%
TOTAL LIABILITIES & EQUITY					71,411	65,260	9%