PART 2

FinancialWorksheets.xlsx

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1-StartingPoint

Start-up Expenses Year 1 (Starting Balance Sheet)
Prepared By:	Company Name:
ERROR:#REF!	ERROR:#REF!
Fixed Assets	Amount	Depreciation (years) Heather Hendy: Years of depreciation must be 3 or more for the calculations in this workbook to work correctly.	Notes
Real Estate-Land		Not Depreciated
Real Estate-Buildings		20
Leasehold Improvements		7
Equipment		7
Furniture and Fixtures		5
Vehicles		5
Other		5
Total Fixed Assets	$ -
Operating Capital	Amount	Notes
Pre-Opening Salaries and Wages
Prepaid Insurance Premiums
Inventory
Legal and Accounting Fees
Rent Deposits
Utility Deposits
Supplies
Advertising and Promotions
Licenses
Other Initial Start-Up Costs
Working Capital (Cash On Hand) Heather Hendy: Existing businesses should use the calculator at the bottom of this page to determine the Working Capital amount. Calculate the number, then enter it here.
Total Operating Capital	$ -
Total Required Funds	$ -
Sources of Funding	Percentage	Totals	Loan Rate	Term in Months	Monthly Payments	Notes
Owner's Equity	0.00%
Outside Investors	0.00%
Additional Loans or Debt
Commercial Loan	0.00%		9.00%	84	-
Commercial Mortgage	0.00%		9.00%	240	-		See Loan Amortization & Depreciation Schedule
Credit Card Debt	0.00%		7.00%	60	-
Vehicle Loans	0.00%		6.00%	48	-
Other Bank Debt	0.00%		5.00%	36	-
Total Sources of Funding	0.00%	$ -	Cell D 42 must equal cell C31		$ -
Total Funding Needed		$ -	You are fully funded (Balanced)

Existing Businesses ONLY -- Calculating Cash on Hand
Cash	-
+ Accounts Receivable	-
+ Prepaid Expenses	-
- Accounts Payable	-
- Accrued Expenses	-
Total Cash on Hand	$ -

&"Gill Sans MT,Regular"&12Start-Up Expenses Year 1 (Starting Balance Sheet)

&"Gill Sans MT,Regular"&12&F &"Gill Sans MT,Regular"&12&A &"Gill Sans MT,Regular"&12&D &T

Note: For existing businesses, this should be the "bucket" of cash plus receivables that will be turned into cash, minus payables that will be paid out in cash in the near term (i.e. in the first months of the plan)

3a-SalesForecastYear1

Sales Forecast Year 1
Prepared By:	Company Name:
ERROR:#REF!	ERROR:#REF!
Complete This Chart First:
Product Lines	Units Heather Hendy: TIP: Enter these in the plural form! Ex. projects, dresses, bikes, etc.	Sales Price Per Unit	COGS Per Unit Heather Hendy: TIP: Click here to access a calculator that can help you determine your COGS per unit.	Margin Per Unit
				$ - 0
				$ - 0
				$ - 0
				$ - 0
				$ - 0
				$ - 0
Product Lines	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!	Annual Totals	Category Breakdown	Category / Total
Product 1
Units Sold													0		0.0%
Total Sales	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%
Total COGS	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%
Total Margin	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%
Product 2
Units Sold													0		0.0%
Total Sales	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%
Total COGS	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%
Margin	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%
Product 3
Units Sold													0		0.0%
Total Sales	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%
Total COGS	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%
Margin	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%
Product 4
Units Sold													0		0.0%
Total Sales	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%
Total COGS	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%
Margin	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%
Product 5
Units Sold													0		0.0%
Total Sales	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%
Total COGS	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%
Margin	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%
Product 6
Units Sold													0		0.0%
Total Sales	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%
Total COGS	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%
Margin	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%
Total Units Sold	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Sales	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -
Total Cost of Goods Sold	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -
Total Margin	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -

&"Gill Sans MT,Regular"&12Sales Forecst Year 1

&"Gill Sans MT,Regular"&12&F &"Gill Sans MT,Regular"&12&A &"Gill Sans MT,Regular"&12&D &T

3b-SalesForecastYrs1-3

	Sales Forecast Year 1-3
	Prepared by:	Company Name:
	ERROR:#REF!	ERROR:#REF!
	Growth Rate Year 1 to Year 2:	10.00%
	Growth Rate Year 2 to Year 3:	10.00%
Product Lines	Year 1 Totals	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!	Year 2 Totals	Category Breakdown	Category / Total	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!	Year 3 Totals	Category Breakdown	Category / Total
Product 1
Sold	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0.0%	0	0	0	0	0	0	0	0	0	0	0	0	0		0.0%
Total Sales	$ -	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%
Total COGS	$ -	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%
Total Margin	$ -	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%
Product 2
Sold	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0.0%	0	0	0	0	0	0	0	0	0	0	0	0	0		0.0%
Total Sales	$ -	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%
Total COGS	$ -	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%
Margin	$ -	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%
Product 3
Sold	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0.0%	0	0	0	0	0	0	0	0	0	0	0	0	0		0.0%
Total Sales	$ -	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%
Total COGS	$ -	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%
Margin	$ -	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%
Product 4
Sold	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0.0%	0	0	0	0	0	0	0	0	0	0	0	0	0		0.0%
Total Sales	0	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%
Total COGS	$ -	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%
Margin	$ -	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%
Product 5
Sold	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0.0%	0	0	0	0	0	0	0	0	0	0	0	0	0		0.0%
Total Sales	$ -	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%
Total COGS	$ -	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%
Margin	$ -	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%
Product 6
Sold	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0.0%	0	0	0	0	0	0	0	0	0	0	0	0	0		0.0%
Total Sales	$ -	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%
Total COGS	$ -	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%
Margin	$ -	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%	-	-	-	-	-	-	-	-	-	-	-	-	$ -	0.0%	0.0%
Total Units Sold	0	0	0	0	0	0	0	0	0	0	0	0	0	0			0	0	0	0	0	0	0	0	0	0	0	0	0
Total Sales	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -			$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -
Total Cost of Goods Sold	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -			$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -
Total Margin	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -			$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -	$ -

&"Gill Sans MT,Regular"&12Sales Forecast Years 1-3

&"Gill Sans MT,Regular"&12&F &"Gill Sans MT,Regular"&12&A &"Gill Sans MT,Regular"&12&D &T

&F &A &D &T

This sheet will populate based on information in the year 1 Sales Forecast. The included growth rate is just a starting point, if you can provide a more accurate prediction for each month, unlock the sheet (see Directions) and change the value for that month. Please note that you will no longer have a formula in that cell once you change the value, so you may want to save a copy of this spreadsheet under a different name before doing so.

5b-OpExYrs1-3

Operating Expenses Years 1-3
Prepared By:	Company Name:
ERROR:#REF!	ERROR:#REF!
Line Item	ERROR:#REF!	Growth Rate 1 to 2	ERROR:#REF!	Growth Rate 2 to 3	ERROR:#REF!
ERROR:#REF!	ERROR:#REF!	3.0%	ERROR:#REF!	3.0%	ERROR:#REF!
ERROR:#REF!	ERROR:#REF!	3.0%	ERROR:#REF!	3.0%	ERROR:#REF!
ERROR:#REF!	ERROR:#REF!	5.0%	ERROR:#REF!	5.0%	ERROR:#REF!
ERROR:#REF!	ERROR:#REF!	3.0%	ERROR:#REF!	3.0%	ERROR:#REF!
ERROR:#REF!	ERROR:#REF!	3.0%	ERROR:#REF!	3.0%	ERROR:#REF!
ERROR:#REF!	ERROR:#REF!	3.0%	ERROR:#REF!	3.0%	ERROR:#REF!
ERROR:#REF!	ERROR:#REF!	5.0%	ERROR:#REF!	5.0%	ERROR:#REF!
ERROR:#REF!	ERROR:#REF!	3.0%	ERROR:#REF!	3.0%	ERROR:#REF!
ERROR:#REF!	ERROR:#REF!	3.0%	ERROR:#REF!	3.0%	ERROR:#REF!
ERROR:#REF!	ERROR:#REF!	3.0%	ERROR:#REF!	3.0%	ERROR:#REF!
ERROR:#REF!	ERROR:#REF!	5.0%	ERROR:#REF!	5.0%	ERROR:#REF!
ERROR:#REF!	ERROR:#REF!	3.0%	ERROR:#REF!	3.0%	ERROR:#REF!
ERROR:#REF!	ERROR:#REF!	3.0%	ERROR:#REF!	3.0%	ERROR:#REF!
ERROR:#REF!	ERROR:#REF!	3.0%	ERROR:#REF!	3.0%	ERROR:#REF!
ERROR:#REF!	ERROR:#REF!	3.0%	ERROR:#REF!	3.0%	ERROR:#REF!
Total Expenses	ERROR:#REF!		ERROR:#REF!		ERROR:#REF!
Other Expenses
Depreciation	ERROR:#REF!		ERROR:#REF!		ERROR:#REF!
Interest
Commercial Loan	ERROR:#REF!		ERROR:#REF!		ERROR:#REF!
Commercial Mortgage	ERROR:#REF!		ERROR:#REF!		ERROR:#REF!
Credit Card Debt	ERROR:#REF!		ERROR:#REF!		ERROR:#REF!
Vehicle Loans	ERROR:#REF!		ERROR:#REF!		ERROR:#REF!
Other Bank Debt	ERROR:#REF!		ERROR:#REF!		ERROR:#REF!
Line of Credit	ERROR:#REF!		ERROR:#REF!		ERROR:#REF!
Bad Debt Expense	ERROR:#REF!
Total Other Expenses	ERROR:#REF!		ERROR:#REF!		ERROR:#REF!
Total Operating Expenses	ERROR:#REF!		ERROR:#REF!		ERROR:#REF!

&"Gill Sans MT,Regular"&12Operating Expenses Years 1-3

&"Gill Sans MT,Regular"&12&F &"Gill Sans MT,Regular"&12&A &"Gill Sans MT,Regular"&12&D &T

6a-CashFlowYear1

Cash Flow Forecast Year 1

Prepared By:

Company Name:

ERROR:#REF!

Totals

Beginning Balance

$ -

ERROR:#REF!

Cash Inflows

Cash Sales

ERROR:#REF!

Accounts Receivable

ERROR:#REF!

Total Cash Inflows

ERROR:#REF!

Cash Outflows

Investing Activities

New Fixed Asset Purchases

ERROR:#REF!

Additional Inventory

$ -

Cost of Goods Sold

ERROR:#REF!

Operating Activities

Operating Expenses

ERROR:#REF!

Payroll

ERROR:#REF!

Taxes
Heather Hendy: This line allows you to approximate the personal income tax of the owner(s). This is the tax on the profit for the business.

ERROR:#REF!

Financing Activities

Loan Payments

ERROR:#REF!

Owners Distribution
Joe Clarke: Only record owner's draws above those already listed on the payroll tabs.

$ -

Line of Credit Interest

ERROR:#REF!

Line of Credit Repayments

$ -

Dividends Paid

$ -

Total Cash Outflows

ERROR:#REF!

Net Cash Flows

ERROR:#REF!

Operating Cash Balance

ERROR:#REF!

Line of Credit Drawdown

ERROR:#REF!

Ending Cash Balance

ERROR:#REF!

Line of Credit Balance

ERROR:#REF!

&"Gill Sans MT,Regular"&12Cash Flow Forecast Year 1

&"Gill Sans MT,Regular"&12&F &"Gill Sans MT,Regular"&12&A &"Gill Sans MT,Regular"&12&D &T

6b-CashFlowYrs1-3

Cash Flow Forecast Years 1-3

Prepared By:

Company Name:

ERROR:#REF!

Year 1 Totals

ERROR:#REF!

Year 2 Totals

ERROR:#REF!

Year 3 Totals

Beginning Balance

ERROR:#REF!

Cash Inflows

Cash Sales

ERROR:#REF!

Accounts Receivable

ERROR:#REF!

Total Cash Inflows

ERROR:#REF!

Cash Outflows

Investing Activities

New Fixed Asset Purchases

ERROR:#REF!

Additional Inventory

$ -

Cost of Goods Sold

ERROR:#REF!

Operating Activities

Operating Expenses

ERROR:#REF!

Payroll

ERROR:#REF!

Taxes

ERROR:#REF!

Financing Activities

Loan Payments

ERROR:#REF!

Owners Distribution
Joe Clarke: Only record owner's draws above those already listed on the payroll tabs.

$ -

Line of Credit Interest

ERROR:#REF!

Line of Credit Repayments

$ -

Dividends Paid

$ -

Total Cash Outflows

ERROR:#REF!

Net Cash Flows

ERROR:#REF!

Operating Cash Balance

ERROR:#REF!

Line of Credit Drawdown

ERROR:#REF!

Ending Cash Balance

ERROR:#REF!

Line of Credit Balance

ERROR:#REF!

&"Gill Sans MT,Regular"&12Cash Flow Forecast Years 1-3

&"Gill Sans MT,Regular"Cash Flow Forecast Years 1-3

&"Gill Sans MT,Regular"&12Cash Flow Forecast Years 1-3

&F &A &D &T

NOTE: To only view the annual total side-by-side, highlight columns C through N and right-click. Then select "Hide". Use the same procedure to Hide columns P through AA. To show them again, highlight columns B, O and AB, right-click and select "Unhide".

7a-IncomeStatementYear1

Income Statement Year 1

Prepared By:

Company Name:

ERROR:#REF!

Revenue

Product 1

$ -

Product 2

$ -

Product 3

$ -

Product 4

$ -

Product 5

$ -

Product 6

$ -

Total Revenue

$ -

Cost of Goods Sold

Product 1

$ -

Product 2

$ -

Product 3

$ -

Product 4

$ -

Product 5

$ -

Product 6

$ -

Total Cost of Goods Sold

$ -

Gross Margin

$ -

Payroll

ERROR:#REF!

Operating Expenses

ERROR:#REF!

Other Expense 1

Other Expense 2

Total Operating Expenses

ERROR:#REF!

Income (Before Other Expenses)
Heather Hendy: Also known as EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization). This metric allows for a comparison across different businesses, which might have different levels of taxes, depreciation, or interest. This number should be used in conjunction with other metrics, as it does not give a full picture of the health of the business.

ERROR:#REF!

Other Expenses

Amortized Start-up Expenses

ERROR:#REF!

Depreciation

ERROR:#REF!

Interest

Commercial Loan

ERROR:#REF!

Commercial Mortgage

ERROR:#REF!

Credit Card Debt

ERROR:#REF!

Vehicle Loans

ERROR:#REF!

Other Bank Debt

ERROR:#REF!

Line of Credit

ERROR:#REF!

Bad Debt Expense

ERROR:#REF!

Total Other Expenses

ERROR:#REF!

Net Income Before Income Tax

ERROR:#REF!

Income Tax

ERROR:#REF!

Net Profit/Loss

ERROR:#REF!

Income Tax Calculations

Monthly Taxable Income

ERROR:#REF!

Cumulative Taxable Income

ERROR:#REF!

&"Gill Sans MT,Regular"&12Income Statement Year 1

&F &A &D &T

7b-IncomeStatementYrs1-3

Income Statement Years 1-3

Prepared By:

Company Name:

ERROR:#REF!

Revenue

ERROR:#REF!

Product 1

Product 2

Product 3

Product 4

Product 5

Product 6

Total Revenue

$ -

100%

$ -

100%

$ -

100%

Cost of Goods Sold

Product 1

Product 2

Product 3

Product 4

Product 5

Product 6

Total Cost of Goods Sold

Gross Margin

Payroll

ERROR:#REF!

Operating Expenses

ERROR:#REF!

Other Expense 1

Other Expense 2

Total Operating Expenses

ERROR:#REF!

Other Expenses

Amortized Start-up Expenses

ERROR:#REF!

Depreciation

ERROR:#REF!

Interest

Commercial Loan

ERROR:#REF!

Commercial Mortgage

ERROR:#REF!

Credit Card Debt

ERROR:#REF!

Vehicle Loans

ERROR:#REF!

Other Bank Debt

ERROR:#REF!

Line of Credit

ERROR:#REF!

Bad Debt Expense

ERROR:#REF!

Total Other Expenses

ERROR:#REF!

Net Income Before Income Tax

ERROR:#REF!

Income Tax

ERROR:#REF!

Net Income/Loss

ERROR:#REF!

Income Tax Calculations

Month 1

Month 2

Month 3

Month 4

Month 5

Month 6

Month 7

Month 8

Month 9

Month 10

Month 11

Month 12

Total

Taxable Amount Year 2

ERROR:#REF!

Total

ERROR:#REF!

Income Taxes

ERROR:#REF!

Taxable Amount Year 3

ERROR:#REF!

Total

ERROR:#REF!

Income Taxes

ERROR:#REF!

&"Gill Sans MT,Regular"&12Income Statement Years 1-3

&"Gill Sans MT,Regular"&12&F &"Gill Sans MT,Regular"&12&A &"Gill Sans MT,Regular"&12&D &T

8-BalanceSheet

Balance Sheet Years 1-3
Prepared By:	Company Name:
ERROR:#REF!	ERROR:#REF!
ASSETS	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!
Current Assets
Cash	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!
Accounts Receivable	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!
Inventory	-	-	-
Prepaid Expenses	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!
Other Initial Costs	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!
Total Current Assets	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!
Fixed Assets
Real Estate -- Land	-	-	-
Real Estate -- Buildings	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!
Leasehold Improvements	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!
Equipment	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!
Furniture and Fixtures	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!
Vehicles	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!
Other	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!
Total Fixed Assets	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!
(Less Accumulated Depreciation)	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!
Total Assets	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!
LIABILITIES & EQUITY
Liabilities
Accounts Payable	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!
Commercial Loan Balance	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!
Commercial Mortgage Balance	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!
Credit Card Debt Balance	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!
Vehicle Loans Balance	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!
Other Bank Debt Balance	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!
Line of Credit Balance	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!
Total Liabilities	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!
Equity
Common Stock	-	-	-
Retained Earnings	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!
Dividends Dispersed/Owners Draw	-	-	-
Total Equity	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!
Total Liabilities and Equity	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!
Balance sheet in or out of balance?	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!
	ERROR:#REF!	ERROR:#REF!	ERROR:#REF!

&"Gill Sans MT,Regular"&12Balance Sheet Years 1-3

&"Gill Sans MT,Regular"&12&F &"Gill Sans MT,Regular"&12&A &"Gill Sans MT,Regular"&12&D &T