Calibri 11 BI & A Custom 53 fx 75 A C G 1 ) K M D Brendan's Bottled Water Ltd Income Statement Year 1 $100 25 75 75 Sales Less: Cost of Goods Sold Gross Profit 3 no Operating Exenses 0 Total Operating Expense 1 2 Profit or (Loss) 3 14 15 Brendan's Bottled Water Ltd 16 Statement of Owners Equity 17 Year 1 18 19 Common Stock (pald-in capital) 20 21 Retained Earnings - beg of year 22 add: Net Income 23 Less: Dividends 24 Retained Earnings - end of year 25 26 Owner's Equity @end of Year 1 27 28 29 Brendan's Bottled Water Ltd 30 Balance Sheet Year 1 FS Year 2 FS Year 3 FS Year 4 FS Calculation Mode: Automatic Workbook Statistics $80 75 75 $155 Year 5 FS + Calibri v E63 fx 75 F D B Brendan's Bottled Water Ltd Balance Sheet Year 1 Assets Cash Inventory $130 25 155 Total Current Assets Total Long Term Assets 155 Total Assets 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 Liabilities Current Liabilities Long Term Liabilities Total Liabilities $0 Equity Common Stock Retained Earnings Total Equity 80 75 155 Total Liabilities and Stockholder's Equity 155 Year 1 1 FS Year 2 FS Year 3 FS Year 4 FS Year 5 FS -+ Calculation Mode: Automatic Workbook Statistics Calibri v11 B. av Av