Peyton Approved Second Location Pro Forma Balance Sheet Assets Current Assets: Cash 7,000.00 Accounts Receivable Baking Supplies 12,405.36 Merchandise Inventory Prepaid Rent 1,691.64 Prepaid Insurance 1,691.64 Misc. Supplies 136.39 Total Current Assets As of December 31, 2018 Liabilities and Owners' Equity Current Liabilities: Accounts Payable 20,622.11 Wages Payable 2,706.62 Interest Payable 169.17 22,925.03 Total Current Liabilities Long Term Liabilities: 23,497.90 Long Term/Fixed Assets: Notes Payable 20,000.00 Baking Equipment 15,000.00 Total Long Term Liabilities: 20,000.00 Accumulated Depreciation -2,142.86 Net Fixed assets 12,857.14 Total Liabilities: 43,497.90 Common Stock Retained Earnings $ 74,036.30 Total Equity 74,036.30 Total Assets: 35,782.18 Total Liabilities & Equity 117,534.20