997 ____________________________________________________________________________________ Net Profit: $27,050 $87,200 $149,200 Plus: Depreciation $0 $0 $0 Change in Accounts Payable $49,413 $16,799 $13,764 Current Borrowing (repayment) $60,000 $100,000 $0 Increase (decrease) Other Liabilities $0 $0 $0 Long-term Borrowing (repayment) $50,000 $0 $0 Capital Input $0 $0 $0 Subtotal $186,463 $203,999 $162,964 Less: 1905 1905 1905 Change in Accounts Receivable $94,000 $5,750 $50,500 Change in Inventory $0 $0 $0 Change in Other ST Assets $0 $0 $0 Capital Expenditure $0 $0 $0 Dividends $0 $0 $0 Subtotal $94,000 $5,750 $50,500 Net Cash Flow $92,463 $198,249 $112,464 Cash balance $117,463 $315,712 $428,176 7. 6 Projected Balance Sheet The balance sheet shows healthy growth of net worth, and strong financial position. The monthly estimates are included in the appendices. Pro-forma Balance Sheet 1995 1996 1997 ____________________________________________________________________________________ Short-term Assets Starting Balances Cash $25,000 $117,463 $315,712 $428,176 Accounts receivable $0 $94,000 $99,750 $150,250 Inventory $0 $0 $0 $0 Other Short-term Assets $7,000 $7,000 $7,000 $7,000 Total Short-term Assets $32,000 $218,463 $422,462 $585,426 Long-term Assets Capital Assets $0 $0 $0 $0 Accumulated Depreciation$0 $0 $0 $0 Total Long-term Assets $0 $0 $0 $0 _________________________________________________ Total Assets $32,000 $218,463 $422,462 $585,426 Debt and Equity 1995 1996 1997 ____________________________________________________________________________________ Accounts Payable $5,000 $54,413 $71,212 $84,976 Short-term Notes $0 $60,000 $160,000 $160,000 Other ST Liabilities $0 $0 $0 $0 Subtotal Short-term Liabilities $5,000 $114,413 $231,212 $244,976 Long-term Liabilities $0 $50,000 $50,000 $50,000 Total Liabilities $5,000 $164,413 $281,212 $294,976 Paid in Capital $50,000 $50,000 $50,000 $50,000 Retained Earnings ($23,000) ($23,000) $4,050 $...
