BALANCE SHEET ? US Paper & Ink Corp Smooth Solutions 1/01/2012 1/01/2012 Cash Short-Term Investments Accounts Receivable Inventory Invesment in Subsidiary Equipment Trucks Trailers Other Assets Building Land Long-Term Investments Other Long Term Assets Total Assets $ 2,033,174$ $2,400,000$ $5,500,000 $ $ 10,000,000$ $31,000,000$ $ 19,325,000S$ 4,200,000$ $2,400,000 $ $1,750,000 $ 875,000 $ 500,000 $ $4,500,000$ $1,200,000$ S 85,683.174 s 200,000 5,250,000 11,300,000 7,450,000 1,900,000 750,000 1,150,000 750,000 425,000 1,350,000 30,525,000 Accounts Payable Other Current Liabilities Notes Payable Credit Line Long Term Debt Total Liabilities $7,250,000 $ $3,250,000 $ 4,000,000$ $5,000,000 $ $5,400,000 $ $ 24,900,000$ 4,250,000 2,150,000 7,000,000 3,350,000 16,750,000 Common Stock (Par S.10) APIC RE Total Equity Total Liabilities and Equity 361,600 $ 49,371,574$ $ 11,050,000 $ $60,783,174 $ $85,683,174 $ 125,000 11,500,000 2,150,000 13,775,000 30,525,000