Brian Industries

Balance Sheet

Assets
12/31/2015 12/31/2016
Cash $ 2,165 $ 2,647
Accounts Receivable 4832 5614
Inventory 3217 2843
TOTAL CURRENT ASSETS $ 10,214 $ 11,104

Fixed Assets
Gross $ 35,183 $ 39,456
Accumulated Depreciation -22640 -24852
Net Fixed Assets $ 12,543 $ 14,604

TOTAL ASSETS $ 22,757 $ 25,708

LIABILITIES
Accounts Payable $ 1,642 $ 1,420
Salary Payable 438 1228
TOTAL CURRENT LIABILITIES $ 2,080 $ 2,648
Long-Term Debt $ 1,823 $ 409
TOTAL LIABILITIES $ 3,903 $ 3,057
EQUITY
Common Stock $ 10,000 $ 12,500
Retained Earnings 8854 10151
TOTAL EQUITY $ 18,854 $ 22,651

TOTAL LIABILITIES AND EQUITY $ 22,757 $ 25,708

Brian Industries
Statement of Cash Flows
Cash, beginning of year $ 2,165
Operating Activity
Net Income $ 4,397
Plus: Depreciation 2212
Change in each current asset (except cash)
Accounts Recievable $ (782)
Inventory 374
Change in each current liability (except notes payable
Accounts Payable $ (222)
Salary Payable 790
Net Cash from Operations $ 6,769
Investment Activity
Change in Fixed Assets $ 4,273
Net Cash from Investments $ (4,273)
Financing Activity
Change in Notes Payable 0
Change in Long Term Debt $ (1,414)
Change in Common Stock $ 2,500
Dividends Paid(Yes) $ (3,100)
Net Cash from Financing $ (2,014)
Net Increase or Decrease in Cash $ 482
Cash, end of year $ 2,647
 Brian Industries
INCOME STATEMENT
Period ended 12/31/16

Sales $ 40,506
Cost of Goods 14177
Depreciation 2212
Other Expenses $ 17,275
EBIT $ 6,842
Interest 180
EBT $ 6,662
Tax 2265
Net Income $ 4,397

Dividends 3100
Addition to R/E 1297

Fixed Assets
2016 Net Fixed Assets
- 2015 Net Fixed Assets
+ Depreciation
$ 4,273