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XYZ company
01 Jan 2017 01 Jan 2018
Assets
Cash $ 90800 $ 85900
Account receivable $ 22000 $ 20300
Inventories $ 19300 $ 15500
Total current assets $ 132,100 $ 121700
Buildings $ 32000 $ 32000
Machinery and Equipments $ 11500 $ 6500
Land $ 21600 $ 21600
Total fixed assets $ 65100 $ 60100
Total assets $ 197200 $ 181800
Liabilities
Notes payable within one year $ 32500 $ 27500
Account payable within one year $ 9600 $ 18500
Total current liability $ 42100 $ 46000
Long term notes payable $ 21000 $ 23400
Total long term liabilities $ 21000 $ 23400
Total liabilities $ 63100 $ 69400
Equity
Owners equity $ 102000 $ 91300
Retaining earnings $ 32100 $ 21100
Total owners equity $ 134100 $ 112400
Total liability and owners equity $ 197200 $ 181800
Income statement
XYZ company
01 Jan 2017 01 Jan 2018