Pockett Company 31 Dec 2011

Balance Sheet

Assets
Current assets:
Cash
Accounts receivable
Inventories

2011
126,500.00
18,000.00
78,650.00

223,150.00

Total current assets

Fixed assets:
Machinery
Depreciation Expense

2012

2011
325,000.00

2012
-

18,250

Total fixed assets

325,000.00

Column1

2011

2012
-

Total other assets

Total assets

548,150.00

Liabilities and owner's equity

Current liabilities:
Accounts payable

2011
24,500.00

Total current liabilities

2012
-

24,500.00

Long-term liabilities:
Long term debt
Total long-term liabilities

2011
105,000.00
105,000.00

2012

Shareholder equity
Paid in capital
Retained earnings
common stock

2011
90,000.00
318,650.00
10,000.00

2012

Total owner's equity

418,650.00

Total liabilities and owner's equity

548,150.00

Balance

Year-over-year comparison
450,000.00
400,000.00
350,000.00
300,000.00
250,000.00
200,000.00
150,000.00
100,000.00
50,000.00
-