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XYZ CORPORATION Balance Sheet as of December 31, 201X |
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| ASSETS | LIABILITIES | ||
| Current Assets | Current Liabilities | ||
| Cash | $75,000 | Accounts Payable | $129,000 |
| Accounts Receivable Inventories | $150,000 | Notes Payable | $30,000 |
| Raw Materials | $90,000 | Accrued Taxes | $21,000 |
| Work-in-Progress | $60,000 | Total Current Liabilities | $180,000 |
| Finished Goods | $75,000 | Long-Term Liabilities | |
| Total Current Assets | $450,000 | Bonds | $0 |
| Fixed Assets (Tangible) | Mortgages | $75,000 | |
| Land & Building | $138,000 | Term Loan (Bank) | $45,000 |
| Machinery | $72,000 | Total Long-Term Liabilities | $120,000 |
| Office Fixtures | $12,000 | Total Liabilities | $300,000 |
| Trucks & Autos | $41,000 | Shareholders' Equity | |
| Other | $0 | Capital Stock | $75,000 |
| Fixed Assets (Intangible) | Common Stock | $75,000 | |
| Goodwill | $0 | Additional Paid-In Capital | $30,000 |
| Other | $0 | Retained Earnings | $345,000 |
| Life Insurance Cash Values | $37,000 | Total Shareholders' Equity | $450,000 |
| Total Fixed Assets | $300,000 | Total Liabilities & Shareholders' Equity | $750,000 |
| Total Assets | $750,000 | ||
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