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Pejenca Statements

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Submitted By moe1233
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Pages 4
Pejenca Industrial Supply
Statement of Changes
August 31st 1998-August 31st 2002 (4 years)

Change in Cash (2002-1998)
= 277.4–93.9
= 183.5

Sources
Prepaid Expenses 200
Accounts Payable 38,500
Due to Related Parties 80,300
Net Fixed Assets 2,200
Incorporate Costs 800
Loan from Shareholders 300,000
Retained Earnings 231,500
TOTAL 653,500

Uses
Accounts Receivable 193,800
Receivable from Related Parties 4,000
Inventory 189,500
Income Taxes Recoverable 5,600
Income Taxes Payable 2,100
Current Portion of Long-term Debt 30,000
Mortgage 45,000
TOTAL 470,000
NET CASH FLOW 183 500 653 500

Option 2
Exhibit 1
Pejenca Industrial Supply LTD.
Projected Statements of Earnings
Year Ending: August 31, 2003
($000s)

Sales 6168 (5140*1.20) Cost of Goods Sold 4317.6 (6168*0.7)
Gross profit 1850.4
Expenses
Advertising 86.4 (6168*0.014)
Automotive 92.5 (6168*0.015)
Bad Debts (recovered) 4.1 (6168*0.00066)
Business Taxes 14.2 (6168*0.0023)
Interest on Long-Term Debt 2.3 (150*0.06/4)1
Computer Expenses 26.5 (6168*0.0043)
Delivery 31.5 (6168*0.0051)
Dues and Fees 11.7 (6168*0.0019) Insurance 20.5 (6168*0.003+2)2
Supplies 30.8 (6168*0.005)
Postage 7.4 (6168*0.0012)
Professional Fees 7.2 (6168*0.00088+1.8)3
Repairs and maintenance 11.1 (6168*0.0018) Telephone 27.8 (6168*0.0045) Utilities 9.8 (6168*0.0011+3)4 Training 0
Wages and employee benefits 1134.9 (6168*0.184)
Depreciation and amortization 24.7 (6168*0.004)
TOTAL EXPENSES 1543.4
EARNINGS FROM

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