| | Graffiti Advertising |
| | Balance Sheet |
| | ASSETS | as of 12/31/2015 | | as of 12/31/2016 |
| | Cash | $ 16,849 | | $ 18,098 |
| | Accounts Receivable | $ 24,027 | $ 27 | $ 26,690 |
| | Inventory | $ 17,449 | | $ 28,783 |
| | Current Assets | $ 58,325 | | $ 73,571 |
| | Gross Fixed Assets | $ 504,708 | | $ 652,056 |
| | (Accumulated Depreciation) | $ 69,038 | | $ 138,076 |
| | Net Fixed Assets | $ 435,670 | | $ 513,980 |
| | Total Assets | $ 493,995 | | $ 587,551 |
| | ************************* | ************ | | ************ |
| | LIABILITES & OWNERS EQUITY |
| | Accounts Payable | $ 12,115 | | $ 13,297 |
| | Notes Payable | $ 18,237 | | $ 20,830 |
| | Current Liabilities | $ 30,352 | | $ 34,127 |
| | Long-Term Debt | $ 173,100 | | $ 192,300 |
| | Total Liabilities | $ 203,452 | | $ 226,427 |
| | Owners' Equity | ************* | | ************ |
| | Common Stock | $ 232,000 | | $ 267,332 |
| | Retained Earnings | $ 58,543 | | $ 93,792 |
| | Total Equity | $ 290,543 | | $ 361,124 |
| | Total Liabilities & Owners' Equity | $ 493,995 | | $ 587,551 |
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20170920144057extra_credit___graffiti_advertising_09_2017__1_.xlsx
