BALANCE SHEET

$12/31/2212/31/23$E

Cash $5,000,000$

A$/$R $($Avg Collec Period $=30$ days$)10,684,932$ Collec period $=30$ days

Inventory $($Days Inv. Held $=45)7,212,329$ Days Inv $=40$ days

Other $5,000,000$ $$1,000,000$

Total Current Assets $27,897,260$

PP&E $($see note below$)50,000,000$ No change

Less Accumulated Depreciation $5,000,000$ PP&E $10$ yr SLD

Net PP&E $45,000,000$

Other $5,000,000$ No change

Total Assets $77,897,260$

Accounts Payable $10,000,00010\%($$ value$)$

Current portion of LTD $2,000,000$ No change

Accrued Liabilities $1,386,000$ No change

Total Current Liabilities $13,386,000$

LTD $9,000,000$ $$1$ Mil paid off on $1/1/23$

Total Liabilities $22,386,000$

Common Stock $1,000$ No change

Addl PIC $9,999,000$ No change

Retained Earnings $45,511,260$

Shareholder's Equity $55,511,260$

Total Equity and Liabilities $77,897,260$