1. Liabilities
   1. Current liabilities
      1. Accounts payable
         1. 30,000
      2. Notes payable
         1. 10,000
      3. Accrued expenses
         1. 5,000
      4. Deferred revenue
         1. 2,000
   2. Total current liabilities
      1. 47,000
   3. Long-term debt
      1. 200,000
2. Total liabilities
   1. 247,000
3. Assets
   1. Current assets
      1. Cash and cash equivalents
         1. 100,000
      2. Accounts receivable
         1. 20,000
      3. Inventory
         1. 15,000
      4. Prepaid Expense
         1. 4,000
      5. Investments
         1. 10,000
   2. Total current assets
      1. 149,000
   3. Property and equipment
      1. Land
         1. 24,200
      2. Buildings and improvements
         1. 260,000
      3. Equiments
         1. 50,000
      4. Les accumulated depreciation
         1. (5,000)
4. Total assets
   1. $478,200
5. Shareholder's Equity
   1. Common stock
      1. 10,000
   2. Additional paid-in capital
      1. 20,000
   3. Retained earings
      1. 197,100
   4. Treasury stock
      1. (2000)
6. Total liabilities and shareholder's Equity
   1. $468,200