prepare a balance sheet and income statement for the stated years

EXHIBIT 1. UNIVERSITY CLUB 10-YEAR STATEMENT SUMMARY OF FINACIAL POSITION & INCOME STATEMENT RSULTS CURRENT ASSETS 2016 Goods and Services Tax Paid Accounts Receiveable Inventory (Includes food & Liquor) Others TOTAL CURRENT ASSETS including Cash on Hand) 2015 100,904,43 $ 152.101 S 65,713.22 S 22.188.27 $ 51,182.24 $ 239,936.06 $ 25,070.41 12.78 38,968.40 19.946.68 51.859.06 135,857.32 84,727.16 5 184,727.16) $ 13.270.45 $ FOXED ASSETS Total Furniture Assets Accumulated Depreciation - Furniture Assets Total Kitchen Assets (net of Depreciation) Total Other Equipment (net of Depreciation) Total Leasehold Improvements (net of Depreciation) Uclub Van (net Depreciation) Inactive TOTAL FIXED ASSETS 84,727.16 (84,727.16) 5,802.99 545.20 29,322.46 2.392 38 $ 36.018.11 $ 916.95 $ 52,597.89 $ 35,670.65 TOTAL OTHER ASSETS 10,990.99 $ 11,359.98 TOTAL ASSETS 303,524.95 S 182,887.95 LABILITIES Total Current Liabilities TOTAL LIABILITIES 244,463.16 244,463.16 $ $ 166,970.29 166,970.29 EQUITY Total Equity 59,061.78 $ 15,917.66 TOTAL LIABILITIES & EQUITY 303,524.95 $ 182,887.95 REVENUE Total Club Sales Total Off Premise Catering Total on Campus Catering Sales Total Catering Sales in Club 161,008.14 $ 416.818.83 % 234,868.98 $ 104,890.59 $ 156,105.07 429,929.18 222,414.63 103.456.89 Other Revenue Members Dues Sales Subsidy for Dues Shortfall Liquor Tax Commision Other Income Total Other Revenue TOTAL REVENUE 33,433.71 $ 11,370.00 $ 332.09 $ 33,904 21 11,370.00 340.33 45,135.81 $ 962,722.35 S 45,614.54 955,520.31 TOTAL COST OF GOODS SOLD $ 216,956.53 $ 215,505.47 GROSS INCOME $ 745,765.82 $ 740,014.85 EXPENSES Total Selling & General Expenses Total Administration Charges Bonus Total operating Expenses $ $ 130,133.12 $ 655,985.44 $ 786,118.56 $ 652,593.08 783,158.97 NET INCOME (40,352.74) S (43,144.12)