Reference no: EM133901497

Problem

NOT SO NYCE PLACE TO WORK, INC
BALANCE SHEET
as of December 31st, 2024
ASSETS
Current Assets:
Cash $ 1,000,000.00
Accounts Receivable $ 300,000.00
Notes Receivable $ 200,000.00
Inventory $ 1,500,000.00
Other Current Assets $ 3,000,000.00
Total Current Assets $ 6,000,000.00
Long Term Assets:
Buildings $ 13,000,000.00
Less Depreciation $ (1,900,000.00)
Property and Equipment $ 1,000,000.00
Less Depreciation $ (600,000.00)
Total Long Term Assets $ 11,500,000.00
TOTAL ASSETS $ 17,500,000.00
LIABILITIES:
Current Liabilities:
Accounts Payable $ 1,500,000.00
Bank Loans $ 800,000.00
Notes Payable $ 200,000.00
Other Current Liabilities $ 1,500,000.00
Total Current Liabilities $ 4,000,000.00
Long Term Liabilities
Mortgage $ 8,500,000.00
Other $ 1,000,000.00
Total Long Term Liabilities $ 9,500,000.00
TOTAL LIABILITIES $ 13,500,000.00
Stockholder's Equity:
Common Stock $ 3,500,000.00
Retained Earnings $ 500,000.00
TOTAL STOCKHOLDER'S EQUITY $ 4,000,000.00
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY $ 17,500,000.00

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