EXEMPLAR COMPANY

Statement of Financial Position

As of December 31, 2018

ASSETS

Current Assets
Cash and Cash Equivalents 500,000
Trading Securities 280,000
Accounts Receivable 400,000
Allowance for Doubtful Accounts (20,000) 380,000
Notes Receivable 250,000
Accrued Interest on Notes Receivable 10,000
Inventories 1,300,000
Prepaid Expenses 70,000
Total Current Assets 2,790,000

Noncurrent Assets
Advances to Officers 100,000
Land 1,500,000
Building 5,000,000
Accumulated Depreciation (2,000,000) 3,000,000
Equipment 1,000,000
Accumulated Depreciation (200,000) 800,000
Land held for Speculation 500,000
Sinking fund 400,000
Preference share redemption fund 350,000
Long-term refundable deposit 50,000
Cash surrender value 60,000
Lease rights 100,000
Computer software 3,250,000
Total Noncurrent Assets 10,110,000

Total Assets 12,900,000

LIABILITIES AND SHAREHOLDER'S EQUITY

Current Liabilities
Accounts Payable 400,000
Unearned Rent Income 40,000
Accrued Salaries 100,000
SSS Payable 10,000
Dividends Payable 120,000
Withholding Tax Payable 30,000
Total Current Liabilities 700,000
Noncurrent Liabilities
Premium on bonds payable 1,000,000
Bonds payable 5,000,000
Notes Payable 300,000
Total Noncurrent Liabilities 6,300,000

Shareholder's Equity
Ordinary share capital 5,000,000
Preference share capital 2,000,000
Share premiums – ordinary 200,000
Shares premium – preference 500,000
Retained earnings (1,800,000)
Total Shareholder's Equity 5,900,000

Total Liabilities and Shareholder's Equity 12,900,000