Analyzing Pro Forma Statements
rayj
fin_571_balance_sheet.pdf
XYZ Company, INC. Balance Sheet
For Year Ending December 31, 20XX
ASSETS
Current Assets
Cash 10,525
Accounts Receivable 27,000
Inventory 30,000
Prepaid Expenses 2,000
Total Current Assets 69,525
Fixed Assets
Property—net of depreciation 215,000
Equipment—net of depreciation 80,000
Vehicles—net of depreciation 5,000
Total Fixed Assets 300,000
Total Assets 369,525
LIABILITIES
Current Liabilities
Revolving lines of credit 20,000
Accounts Payable 5,000
Current Portion of Long-term Debt 15,000
Total Current Liabilities 40,000
Long-term Liabilities
Long-term debt and capital leases 45,500
Loans payable to stockholders 60,500
Total Long-term Liabilities 106,000
Total Liabilities 146,000
Stockholders Equity
Common stock 1,000
Additional Paid-in Capital 25,000
Retained Earnings (Cum from prior years) 53,190
Retained Earnings (From current P&L) 144,335
Total Stockholders Equity 223,525
Total Liabilities and Stockholders Equity 369,525
