Appendix I Modern Inc. Draft financial statements For the year ended December 31 Cash Investments Accounts receivable Inventory Prepaids Property, plant, and equipment Intangible assets Due from shareholder Assets Demand bank loan Accounts payable and accruals Warranty accrual Deferred revenue Current portion of term loan (Note) Income taxes payable Term loan (Note) Other long-term liabilities Share capital Retained earnings Liabilities and shareholders' equity $ $ 2019 (Draft) 4,560 - 1,383,250 1,178,900 4,920 2,571,630 3,247,200 13,883 21,500 5,854,213 375,422 1,405,522 315,231 72,500 141,000 - 2,309,675 572,000 110,000 150,100 2,712,438 5,854,213 term loan of Note: Modern's bank has imposed a debt-to-equity covenant on the maximum 1.10. $