Prepare a (1) page outline status report on the data collected for the entity background and the financial problem/issues identified to date in your assessment. The outline should be in a standard outline format and references are optional.

10:39 AM 07/18/23 Cash Basis Schwarzentraub Foot Clinic, PC Balance Sheet As of July 20, 2020 ASSETS Current Assets Checking/Savings Checking LNB People's Bank Lubbock Total Checking/Savings Total Current Assets Fixed Assets Accumul;ated depreciation Equipment - office Total Fixed Assets TOTAL ASSETS LIABILITIES \& EQUITY Liabilities Current Liabilities Other Current Liabilities Payroll Liabilities Total Other Current Liabilities Total Current Liabilities Total Liabilities Equity Capital Stock Paid in Capital Retained Earnings Net Income Total Equity TOTAL LIABILITIES \& EQUITY Jul 20, 20 71,779.7036,279.79108,059.49108,059.49121,765.00129,194.227,429.22115,488.71 \begin{tabular}{r} 8,112.47 \\ \hline 8,112.47 \\ \hline 8,112.47 \\ 8,112.47 \end{tabular} 1,000.0074,831.0055,072.8486,618.08107,376.24115,488.71 Page 1 10:39 AM 07/18/23 Cash Basis Schwarzentraub Foot Clinic, PC Balance Sheet As of July 20, 2020 Filters applied on this Report: Date: Custom Page 2 10:49 AM 07/18/23 Cash Basis Schwarzentraub Foot Clinic, PC Profit \& Loss July 18, 2020 through July 18, 2023 Page 2 10:39 AM 07/18/23 Cash Basis Schwarzentraub Foot Clinic, PC Balance Sheet As of July 20, 2020 ASSETS Current Assets Checking/Savings Checking LNB People's Bank Lubbock Total Checking/Savings Total Current Assets Fixed Assets Accumul;ated depreciation Equipment - office Total Fixed Assets TOTAL ASSETS LIABILITIES \& EQUITY Liabilities Current Liabilities Other Current Liabilities Payroll Liabilities Total Other Current Liabilities Total Current Liabilities Total Liabilities Equity Capital Stock Paid in Capital Retained Earnings Net Income Total Equity TOTAL LIABILITIES \& EQUITY Jul 20, 20 71,779.7036,279.79108,059.49108,059.49121,765.00129,194.227,429.22115,488.71 \begin{tabular}{r} 8,112.47 \\ \hline 8,112.47 \\ \hline 8,112.47 \\ 8,112.47 \end{tabular} 1,000.0074,831.0055,072.8486,618.08107,376.24115,488.71 Page 1 10:39 AM 07/18/23 Cash Basis Schwarzentraub Foot Clinic, PC Balance Sheet As of July 20, 2020 Filters applied on this Report: Date: Custom Page 2 10:49 AM 07/18/23 Cash Basis Schwarzentraub Foot Clinic, PC Profit \& Loss July 18, 2020 through July 18, 2023 Page 2