|
Opening |
Year 1 |
Year 2 |
Year 3 |
ASSETS |
|
|
|
|
Current Assets |
|
|
|
|
Cash |
$20,100 |
$24,516 |
$29,197 |
$40,498 |
Accounts Receivable |
- |
- |
- |
- |
Total Current Assets |
$20,100 |
$24,516 |
$29,197 |
$40,498 |
Fixed Assets |
|
|
|
|
Leasehold Improvements |
$5,000 |
$5,000 |
$5,000 |
$5,000 |
Office Equipment and Furniture |
$6,000 |
$6,000 |
$6,000 |
$6,000 |
Specialized Field Equipment |
$27,000 |
$27,000 |
$27,000 |
$27,000 |
Specialized Software |
$10,000 |
$10,000 |
$10,000 |
$10,000 |
Less: Accumulated Depreciation |
- |
$3,600 |
$7,200 |
$10,800 |
Total Fixed Assets |
$48,000 |
$44,400 |
$40,800 |
$37,200 |
Total Assets |
$68,100 |
$68,916 |
$69,997 |
$77,698 |
LIABILITIES |
|
|
|
|
Current Liabilities |
|
|
|
|
Accounts Payable |
- |
- |
- |
- |
Current Portion of Loan |
$3,638 |
$4,019 |
$4,439 |
$4,904 |
Long Term Liabilities |
|
|
|
|
Long Term Portion of Debt |
$13,362 |
$9,344 |
$4,904 |
- |
Total Liabilities |
$17,000 |
$13,362 |
$9,344 |
$4,904 |
OWNERS EQUITY |
|
|
|
|
Environmental Grant |
$40,800 |
- |
- |
- |
Contributed Assets Equity |
- |
- |
- |
- |
Owner’s Equity |
$10,200 |
$51,000 |
$55,554 |
$60,654 |
Net Income / Retained Earnings |
- |
$4,454 |
$5,100 |
$12,141 |
OWNERS EQUITY |
$51,000 |
$55,554 |
$60,654 |
$72,794 |
TOTAL EQUITY AND LIABILITIES |
$68,100 |
$68,916 |
$69,997 |
$77,698 |
Terra Engineering: Projected Balanced Sheet Example!
Editor and Publisher: Jeff Grill
