Computing Development Strategies

Pro Forma Balance Sheet - 12/31/00

Assets

Current Assets:
Cash $91,647
Accounts Receivable $0
Less: Reserve for Bad Debts 0 0
Merchandise Inventory 1,000
Prepaid Expenses - Insurance 600
Notes Receivable 0
Total Current Assets $93,247

Fixed Assets:
Vehicles 0
Less: Accumulated Depreciation 0 0

Furniture and Fixtures 6,000

Less: Accumulated Depreciation 1,000 5,000

Equipment - Computer Fax Machine 3,000

Less: Accumulated Depreciation 300 2,700

Buildings 0
Less: Accumulated Depreciation 0 0

Land 0
Total Fixed Assets 7,700

Other Assets:
Goodwill 0
Total Other Assets 0

Total Assets $100,947

Liabilities and Capital

Current Liabilities:
Accounts Payable $4,504
Sales Taxes Payable 0
Payroll Taxes Payable - third quarter 2,880
Accrued Wages Payable 4,078
Unearned Revenues - January Deposits 5,000
Short-Term Notes Payable 0
Short-Term Bank Loan Payable 0
Total Current Liabilities $16,462

Long-Term Liabilities:
Long-Term Notes Payable
Mortgage Payable 0
Total Long-Term Liabilities 0

Total Liabilities 16,462

Capital:

Owner's Investment 10,000

Net Profit (Loss) 74,485
Less drawings or dividends 0
Total Capital 84,485

Total Liabilities and Capital $100,947

0
 Computing Development Strategies
Pro Forma Balance Sheet - 12/31/01

Assets

Current Assets:
Cash $283,076
Accounts Receivable $0
Less: Reserve for Bad Debts 0 0
Merchandise Inventory 1,000
Prepaid Expenses - Insurance 600
Notes Receivable 0
Total Current Assets $284,676

Fixed Assets:
Vehicles 0
Less: Accumulated Depreciation 0 0

Furniture and Fixtures 6,000

Less: Accumulated Depreciation 2,000 4,000

Equipment - Computer Fax Machine 3,000

Less: Accumulated Depreciation 600 2,400

Buildings 0
Less: Accumulated Depreciation 0 0

Land 0
Total Fixed Assets 6,400

Other Assets:
Goodwill 0
Total Other Assets 0

Total Assets $291,076

Liabilities and Capital

Current Liabilities:
Accounts Payable $4,504
Sales Taxes Payable 0
Payroll Taxes Payable - third quarter 2,880
Accrued Wages Payable 4,078
Unearned Revenues - January Deposits 7,000
Short-Term Notes Payable 0
Short-Term Bank Loan Payable 0
Total Current Liabilities $18,462

Long-Term Liabilities:
Long-Term Notes Payable
Mortgage Payable 0
Total Long-Term Liabilities 0

Total Liabilities 18,462

Capital:

Owner's Investment 10,000

Net Profit (Loss) 282,614
Less drawings or dividends 20,000
Total Capital 272,614

Total Liabilities and Capital $291,076

0
 Computing Development Strategies
Projected Profit and Loss Statement - 2000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Revenue:
Gross Sales $21,000 $30,960 $34,200 $34,200 $32,760 $28,080 $21,240 $19,440 $25,560 $30,600 $38,880 $34,920
Less: Sales Returns and Allowances 0 0 0 0 0 0 0 0 0 0 0 0
Net Sales 21,000 30,960 34,200 34,200 32,760 28,080 21,240 19,440 25,560 30,600 38,880 34,920
Cost of Goods Sold:
Beginning Inventory $0 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000
Add: Purchases 2,520 2,160 2,380 2,380 2,280 1,960 1,480 1,360 1,780 2,080 2,700 2,420
Freight-in 50 50 50 50 50 50 50 50 50 50 50 50
Direct Labor 0 0 0 0 0 0 0 0 0 0 0 0
Indirect Expenses 0 0 0 0 0 0 0 0 0 20 20 20
2,570 3,210 3,430 3,430 3,330 3,010 2,530 2,410 2,830 3,150 3,770 3,490
Less: Ending Inventory 0 0 0 0 0 0 0 0 0 0 0 0
Cost of Goods Sold 2,570 3,210 3,430 3,430 3,330 3,010 2,530 2,410 2,830 3,150 3,770 3,490
Gross Profit (Loss) 18,430 27,750 30,770 30,770 29,430 25,070 18,710 17,030 22,730 27,450 35,110 31,430
Expenses:
Advertising 300 300 300 300 300 300 300 300 600 600 600 300
Amortization 0 0 0 0 0 0 0 0 0 0 0 0
Bad Debts 810 929 1,026 1,026 983 842 637 583 767 918 1,166 1,048
Bank Charges 40 40 0 0 0 0 0 0 45 40 40 40
Charitable Contributions 0 0 0 0 0 0 0 0 0 0 0 0
Commissions 0 0 0 0 0 0 0 0 0 0 0 0
Computer Leases 3,154 3,154 3,154 3,154 3,154 3,154 3,154 3,154 3,154 3,154 3,154 3,154
Contract Labor 1,520 1,520 1,520 1,520 0 0 0 0 1,520 1,520 1,520 0
Credit Card Fees 50 58 64 64 61 52 39 35 46 55 69 62
Delivery Expenses 30 30 0 0 36 31 24 22 29 35 44 40
Depreciation 100 100 100 100 100 100 100 100 100 100 100 100
Dues and Subscriptions 10 10 10 10 10 10 10 10 10 10 10 10
Insurance 600 600 600 600 600 600 600 600 600 600 600 600
Interest 48 48 48 48 48 48 48 48 48 48 48 48
Maintenance 20 20 20 20 20 20 20 20 20 20 20 20
Miscellaneous 0 0 0 0 0 0 0 0 0 0 0 0
Office Expenses 200 200 200 200 200 200 200 200 200 200 200 200
Operating Supplies 400 460 506 506 400 409 307 276 359 431 539 485
Payroll Taxes 960 960 960 960 734 734 734 734 960 960 960 734
Permits and Licenses 20 20 20 20 20 20 20 20 20 20 20 20
Postage 200 200 200 200 200 200 200 200 200 200 200 200
Professional Fees 200 200 200 200 200 200 200 200 200 200 200 200
Property Taxes 0 0 0 0 0 0 0 0 0 0 0 0
Rent 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500
Repairs 0 0 0 0 0 0 0 0 0 0 0 0
Telephone 400 400 400 400 400 400 400 400 400 400 400 400
Travel 0 0 0 0 0 0 0 0 0 0 0 0
Utilities 300 300 300 300 300 300 300 300 300 300 300 300
Vehicle Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Wages 8,155 8,155 8,155 8,155 8,155 8,155 8,155 8,155 8,155 8,155 8,155 8,155
Total Expenses 19,017 19,204 19,283 19,283 17,421 17,275 16,948 16,857 19,233 19,466 19,845 17,616
Net Operating Income (587) 8,546 11,487 11,487 12,009 7,795 1,762 173 3,497 7,984 15,265 13,814
Other Income:
Gain (Loss) on Sale of Assets 0 0 0 0 0 0 0 0 0 0 0 0
 Interest Income 0 0 0 0 0 0 0 0 0 0 0 0
Total Other Income 0 0 0 0 0 0 0 0 0 0 0 0
Net Income (Loss) ($587) $8,546 $11,487 $11,487 $12,009 $7,795 $1,762 $173 $3,497 $7,984 $15,265 $13,814
Cumulative Net Income (Loss) ($587) $7,959 $19,446 $30,933 $42,942 $38,728 $44,704 $44,877 $48,374 $56,358 $71,623 $85,437

Note 1. Advertising: CDS has signed a two year contract with Technical Marketing Support, Inc. TMS will assist CDS in developing and implementing a marketing and advertising strategy.
The contract calls for payments of $300 a month for the first six months, and $600 a month thereafter.

Note 2. Bad Debt Expense: Based on the survey of 100 computer training firms in the Midwest, the average amount of uncollectible accounts is projected to be 5% of all sales on credit.
About 5% of all course fees will be paid on credit. Accordingly, bad debt should be small.

Note 3. Contract Labor: During the first four months of the year and September, October and November, CDS will hire Ms. Howe as a training instructor for $1,520 per month.

Note 4. Depreciation: The office furniture will be depreciated over six years on a straight-line basis. The office equipment. such as the computer, fax machine and copier will be depreciated over five years.

Note 5. Insurance: CDS has contracted with Pinnacle Insurance Company to provide an insurance policy on all the office and training equipment, as well as health insurance for the two employees.

Note 6. Office Expenses: This includes a monthly fee assessed for a maintenance agreement for all the office and training equipment in the facility.

Note 7. Professional Fees: CDS has hired an accountant to file quarterly employment tax forms and prepare financial reports for $200 per month.

Note 8. Rent: CDS has signed a three-year lease for the training facility. The monthly rent is $1,500 for the first year; $1,600 for the second year, and $1,700 for the third.
 Computing Development Strategies
Projected Profit and Loss Statement - 2001

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Revenue:
Gross Sales $34,020 $39,009 $43,092 $41,277 $41,277 $35,380 $26,762 $24,494 $32,205 $38,556 $48,988 $43,999
Less: Sales Returns and Allowances 0 0 0 0 0 0 0 0 0 0 0 0
Net Sales 34,020 39,009 43,092 41,277 41,277 35,380 26,762 24,494 32,205 38,556 48,988 43,999
Cost of Goods Sold:
Beginning Inventory $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000
Add: Purchases 3,040 2,420 2,740 2,860 3,220 2,660 1,960 1,800 2,400 2,940 3,880 2,991
Freight-in 50 50 50 50 100 100 100 100 100 100 100 100
Direct Labor 0 0 0 0 0 0 0 0 0 0 0 0
Indirect Expenses 0 0 0 0 0 0 0 0 0 20 20 20
4,090 3,470 3,790 3,910 4,320 3,760 3,060 2,900 3,500 4,060 5,000 4,111
Less: Ending Inventory 0 0 0 0 0 0 0 0 0 0 0 0
Cost of Goods Sold 4,090 3,470 3,790 3,910 4,320 3,760 3,060 2,900 3,500 4,060 5,000 4,111
Gross Profit (Loss) 29,930 35,539 39,302 37,367 36,957 31,620 23,702 21,594 28,705 34,496 43,988 39,888
Expenses:
Advertising 600 600 600 600 600 600 600 600 600 600 600 600
Amortization 0 0 0 0 0 0 0 0 0 0 0 0
Bad Debts 810 929 1,026 1,231 983 842 637 583 767 918 1,166 1,048
Bank Charges 40 40 0 0 0 0 0 0 0 40 40 40
Charitable Contributions 0 0 0 0 0 0 0 0 0 0 0 0
Commissions 0 0 0 0 0 0 0 0 0 0 0 0
Computer Leases 3,154 3,154 3,154 3,154 3,154 3,154 3,154 3,154 3,154 3,154 3,154 3,154
Contract Labor 1,672 1,672 1,672 1,672 0 0 0 0 1,672 1,672 1,672 0
Credit Card Fees 50 58 64 81 61 52 39 35 46 55 69 62
Delivery Expenses 30 30 0 0 36 31 24 22 29 35 44 40
Depreciation 100 100 100 100 100 100 100 100 100 100 100 100
Dues and Subscriptions 10 10 10 10 10 10 10 10 10 10 10 10
Insurance 600 600 600 600 600 600 600 600 600 600 600 600
Interest 48 48 48 48 48 48 48 48 48 48 48 48
Maintenance 50 50 50 50 50 50 50 50 50 50 50 50
Miscellaneous 0 0 0 0 0 0 0 0 0 0 0 0
Office Expenses 200 200 200 200 200 200 200 200 200 200 200 200
Operating Supplies 400 460 506 506 400 409 307 276 359 431 539 485
Payroll Taxes 1,056 1,056 1,056 1,056 807 807 807 807 1,056 1,056 1,056 807
Permits and Licenses 20 20 20 20 20 20 20 20 20 20 20 20
Postage 200 200 200 200 200 200 200 200 200 200 200 200
Professional Fees 200 200 200 200 200 200 200 200 200 200 200 200
Property Taxes 0 0 0 0 0 0 0 0 0 0 0 0
Rent 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600
Repairs 0 0 0 0 0 0 0 0 0 0 0 0
Telephone 400 400 400 400 400 400 400 400 400 400 400 400
Travel 0 0 0 0 0 0 0 0 0 0 0 0
Utilities 300 300 300 300 300 300 300 300 300 300 300 300
Vehicle Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Wages 8,971 8,971 8,971 8,971 8,971 8,971 8,971 8,971 8,971 8,971 8,971 8,971
Total Expenses 20,511 20,698 20,777 20,999 18,740 18,594 18,267 18,176 20,382 20,660 21,039 18,935
Net Operating Income 9,419 14,841 18,525 16,368 18,217 13,026 5,435 3,418 8,323 13,836 22,949 20,953
Other Income:
Gain (Loss) on Sale of Assets 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0
 Total Other Income 0 0 0 0 0 0 0 0 0 0 0 0
Net Income (Loss) $9,419 $14,841 $18,525 $16,368 $18,217 $13,026 $5,435 $3,418 $8,323 $13,836 $22,949 $20,953
Cumulative Net Income (Loss) $9,419 $14,841 $33,366 $49,734 $34,585 $47,611 $53,046 $56,464 $11,741 $25,577 $48,526 $69,479

Note 1. Revenue: During 1997, gross revenues are expected to increase by 20%. Based on discussions with software vendors and on prior experience, new computer training firms can expect
student revenues to increase by 10% to 20% every month. Based on this estimate, revenue increases will fluctuate by month to coincide with normal monthly fluctuations.

Note 2. Contract Labor and Wages: Contract labor and wages will increase by 10% in 1997 to account for inflation and performance incentives.

Note 3. Revenue: On May 1, 1997, CDS will begin offering training on the basics of building and maintaining a web site on the Internet. This is expected to increase revenues by 20%.
 Projected Revenues - 2000

40,000

35,000

30,000
Monthly Revenue

25,000

20,000

15,000

10,000

5,000

0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
ected Revenues - 2000

Jun Jul Aug Sep Oct Nov Dec

 Projected Revenues - 2001

50,000

45,000

40,000

35,000
Monthly Revenue

30,000

25,000

20,000

15,000

10,000

5,000

0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
 Computing Development Strategies
Enrollment Revenue Projections

2000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
NUMBER OF:
new students 75 86 95 95 91 78 59 54 71 85 108 97 994
previous students 22 24 24 23 20 15 14 18 21 27 24 230

INCOME FROM:
new students taking 1 class $6,750 $7,740 $8,550 $8,550 $8,190 $7,020 $5,310 $4,860 $6,390 $7,650 $9,720 $8,730
previous students taking package $14,250 $16,340 $18,050 $18,050 $17,290 $14,820 $11,210 $10,260 $13,490 $16,150 $20,520 $18,430
previous students taking 1 class $5,719 $6,318 $6,318 $6,052 $5,187 $3,924 $3,591 $4,722 $5,653 $7,182 $6,451
previous students taking package $1,161 $1,283 $1,283 $1,229 $1,053 $797 $729 $959 $1,148 $1,458 $1,310
$21,000 $30,960 $34,200 $34,200 $32,760 $28,080 $21,240 $19,440 $25,560 $30,600 $38,880 $34,920 $351,840

2001
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
NUMBER OF:
new students 95 108 120 120 115 98 74 68 89 107 136 122 1252
previous students 24 27 30 30 29 25 19 17 22 27 34 31 313

INCOME FROM:
new students taking 1 class $8,505 $9,752 $10,773 $10,773 $10,319 $8,845 $6,691 $6,124 $8,051 $9,639 $12,247 $11,000
previous students taking package $17,955 $20,588 $22,743 $22,743 $21,785 $18,673 $14,125 $12,928 $16,997 $20,349 $25,855 $23,222
previous students taking 1 class $6,284 $7,206 $7,960 $7,960 $7,625 $6,536 $4,944 $4,525 $5,949 $7,122 $9,049 $8,128
previous students taking package $1,276 $1,463 $1,616 $1,616 $1,548 $1,327 $1,004 $919 $1,208 $1,446 $1,837 $1,650
$34,020 $39,010 $43,092 $43,092 $41,278 $35,381 $26,762 $24,494 $32,206 $38,556 $48,989 $43,999 $450,878
 Computing Development Strategies
Cash Flow Budget Worksheet - 2000

January February March April May June July August September October November December Total
Beginning Cash Balance ($585) $8,970 $21,809 $34,802 $48,380 $57,755 $60,692 $61,745 $66,276 $75,514 $92,130
Cash Inflows (Income):
Accts. Rec. Collections 0 998 1,470 1,624 1,624 1,556 1,334 1,009 923 1,214 1,454 1,847 15,053
Loan Proceeds 6,000 6,000
Sales & Receipts 19,950 29,412 32,490 32,490 31,122 26,676 20,178 18,468 24,282 29,070 36,936 33,174 334,248
Other: 0
0
0
Total Cash Inflows $25,950 $30,410 $33,960 $34,114 $32,746 $28,232 $21,512 $19,477 $25,205 $30,284 $38,390 $35,021 $355,301
Available Cash Balance $25,950 $29,825 $42,930 $55,923 $67,548 $76,612 $79,267 $80,169 $86,950 $96,560 $113,904 $127,151
Cash Outflows (Expenses):
Advertising 300 300 300 300 300 300 600 600 600 600 600 600 5,400
Bank Service Charges 40 40 40 40 40 40 40 40 40 40 40 40 480
Credit Card Fees 50 50 50 50 50 50 50 50 50 50 50 50 600
Delivery 30 30 30 30 30 30 30 30 30 30 30 30 360
Health Insurance 400 400 400 400 400 400 400 400 400 400 400 400 4,800
Insurance 200 200 200 200 200 200 200 200 200 200 200 200 2,400
Interest 48 48 48 48 48 48 48 48 48 48 48 48 576
Office 200 200 200 200 200 200 200 200 200 200 200 200 2,400
Payroll 9,675 9,675 9,675 9,675 8,154 8,154 8,154 8,154 9,675 9,675 9,675 8,154 108,495
Payroll Taxes 960 960 960 960 734 734 734 734 960 960 960 734 10,390
Professional Fees 200 200 200 200 200 200 200 200 200 200 200 200 2,400
Rent or Lease 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 18,000
Subscriptions & Dues 10 10 10 10 10 10 10 10 10 10 10 10 120
Supplies 600 660 706 706 600 609 507 476 559 631 739 685 7,478
Taxes & Licenses 20 20 20 20 20 20 20 20 20 20 20 20 240
Utilities & Telephone 700 700 700 700 700 700 700 700 700 700 700 700 8,400
Workbook Amortization 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 14,400
Workbook Production 1,750 1,010 1,230 1,230 1,130 810 330 210 630 930 1,550 1,270 12,080
Other: 0
Computer Leases 3,154 3,154 3,154 3,154 3,154 3,154 3,154 3,154 3,154 3,154 3,154 3,154 37,848
Maintenance 20 20 20 20 20 20 20 20 20 20 20 20 240
0
Subtotal $21,057 $20,377 $20,643 $20,643 $18,690 $18,379 $18,097 $17,946 $20,196 $20,568 $21,296 $19,215 $237,107
Other Cash Out Flows:
Capital Purchases 5,000 5,000
Loan Principal 478 478 478 478 478 478 478 478 478 478 478 478 5,736
Owner's Draw 0
Other: 0
0
Subtotal $5,478 $478 $478 $478 $478 $478 $478 $478 $478 $478 $478 $478 $10,736
Total Cash Outflows $26,535 $20,855 $21,121 $21,121 $19,168 $18,857 $18,575 $18,424 $20,674 $21,046 $21,774 $19,693 $247,843
Ending Cash Balance ($585) $8,970 $21,809 $34,802 $48,380 $57,755 $60,692 $61,745 $66,276 $75,514 $92,130 $107,458

Note 1. Accounts Receivable Collection: This assumes that only 5% of all sales are made on account. Also, only 5% of these credit sales are uncollectible.
All sales to non-corporate clients with less than 20 employees will be required to be paid in cash prior to taking the class.

Note 2. Loan Proceeds: On January 12, 1996, CDS obtained a $6,000 loan from State Loan and Trust. This loan is to be repaid over 12 months at a 9.5% interest rate.
 Computing Development Strategies
Cash Flow Budget Worksheet - 200X

January February March April May June July August September October November December Total
Beginning Cash Balance $12,809 $30,875 $52,690 $74,579 $95,961 $112,205 $120,784 $127,132 $138,352 $155,359 $181,531
Cash Inflows (Income):
Accts. Rec. Collections 1,659 1,616 1,853 2,047 2,047 1,960 1,680 1,413 1,163 1,529 1,831 1,847 18,986
Loan Proceeds 0
Sales & Receipts 32,319 37,059 40,937 40,937 39,213 33,611 25,424 23,269 30,595 36,628 46,539 41,799 428,330
Other: 0
0
0
Total Cash Inflows $33,978 $38,675 $42,790 $42,984 $41,260 $35,571 $27,104 $24,682 $31,758 $38,157 $48,370 $43,646 $447,316
Available Cash Balance $33,978 $51,484 $73,665 $95,674 $115,839 $131,532 $139,309 $145,466 $158,890 $176,509 $203,729 $225,177
Cash Outflows (Expenses):
Advertising 600 600 600 600 600 600 600 600 600 600 600 600 7,200
Bank Service Charges 40 40 40 40 40 40 40 40 40 40 40 40 480
Credit Card Fees 50 50 50 50 50 50 50 50 50 50 50 50 600
Delivery 80 80 80 80 130 130 130 130 130 130 130 130 1,360
Health Insurance 400 400 400 400 400 400 400 400 400 400 400 400 4,800
Insurance 200 200 200 200 200 200 200 200 200 200 200 200 2,400
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Miscellaneous 0
Office 200 200 200 200 200 200 200 200 200 200 200 200 2,400
Payroll 10,475 10,475 10,475 10,475 8,954 8,954 8,954 8,954 10,475 10,475 10,475 8,954 118,095
Payroll Taxes 450 450 450 450 450 450 450 450 450 450 450 450 5,400
Professional Fees 200 200 200 200 200 200 200 200 200 200 200 200 2,400
Rent or Lease 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 19,200
Subscriptions & Dues 10 10 10 10 10 10 10 10 10 10 10 10 120
Supplies 600 660 706 706 600 609 507 476 559 631 739 685 7,478
Taxes & Licenses 20 20 20 20 20 20 20 20 20 20 20 20 240
Utilities & Telephone 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 14,400
Workbook Production 1,840 1,220 1,540 1,660 2,020 1,460 760 600 1,200 1,740 2,680 1,791 18,511
Other: 0
Computer Leases 3,154 3,154 3,154 3,154 3,154 3,154 3,154 3,154 3,154 3,154 3,154 3,154 37,848
Maintenance 50 50 50 50 50 50 50 50 50 50 50 50 600
0
Subtotal $21,169 $20,609 $20,975 $21,095 $19,878 $19,327 $18,525 $18,334 $20,538 $21,150 $22,198 $19,734 $243,532
Other Cash Out Flows:
Capital Purchases 0
Loan Principal 0 0 0 0 0 0 0 0 0 0 0 0 0
Owner's Draw 0
Other: 0
0
Subtotal $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Cash Outflows $21,169 $20,609 $20,975 $21,095 $19,878 $19,327 $18,525 $18,334 $20,538 $21,150 $22,198 $19,734 $243,532
Ending Cash Balance $12,809 $30,875 $52,690 $74,579 $95,961 $112,205 $120,784 $127,132 $138,352 $155,359 $181,531 $205,443