250 Chapter Six KEYSTONE COMPUTERS & NETWORKS, INC. Balance Sheet December 31, 20x4 Assets Current Assets Cash Trade receivables, less allowance for doubtful accounts of $96,000 Accounts receivable-officers Inventory Prepaid expenses Total current assets Equipment and leasehold improvements, at cost Equipment and furniture Leasehold improvements Less accumulated depreciation Intangible assets net of amortization $ 53,964 8,438,524 57,643 1,234,589 156,900 $9,941,620 $1,090,634 98,900 $ 1189,534 (250,987) $ 938,547 $1,000,000 Current Liabilities Line of credit Accounts payable Liabilities and Stockholders' Equity $11,880,167 $6,612,550 1,349,839 Current maturities of capital lease obligations Accrued expenses Total current liabilities Capital lease obligations, less current maturities Total liabilities Stockholders' equity Common stock, $1 par value: 1,000,000 shares authorized 2193ugmo 200,000 shares issued and outstanding Additional paid-in capital Retained earnings 43,200 178,900 $8,184,489 $ 456,700 $ 8,641,189 $ 200,000 423,500 2,615,478 $11,880,167