Los Lobos Los Lobos
Balance Sheet Balance Sheet
For Year Ending December 31, 2007 For Year Ending December 31, 2006 December 31, 2007 December 31, 2006
Assets Assets
Current Assets Current Assets Cash 35,000 Cash 32,000 Accounts Receiveable 33,000 Accounts Receiveable 30,000 Less: Allowance for doubtful accounts 1,300 31,700 Less: Allowance for doubtful accounts 1,100 28,900 Inventory 31,000 Inventory 47,000
Total Current Assets 97,700 Total Current Assets 107,900 Property, Plant & Equipment 100,000 Property, Plant & Equipment 95,000 Less: Accum. Depreciation 16,500 83,500 Less: Accum. Depreciation 15,000 80,000
Total Assets 181,200 Total Assets 187,900 Liabilities and Equity Liabilities and Equity Current Liabilities Current Liabilities Accounts Payable - Trade 25,000 Accounts Payable - Trade 15,500 Income Taxes Payable 21,000 Income Taxes Payable 29,100 8% Callable Bonds Payable Current 12,000 Deferred Income Tax Payable 4,600 Deferred Income Tax Payable 5,300
Total Current Liabilities