Andy & Co

Income Statement
For the Year Ended 31 Dec 2005

Service Revenue 105,000,000

Rent Revenue 400,000
Total revenue 105,400,000

Expenses:
Wages exp 40,000,000
Rent exp 8,500,000
Utilities exp 4,000,000
Misc exp 5,000,000
Supplies exp 4,000,000
Ins exp 600,000
Depr exp-build 7,000,000
Depr exp-eq 6,500,000
Total expenses 75,600,000

Profit/(loss) 29,800,000
 Andy & Co
Statement of Owner's Equity
For the Year Ended 31 Dec 2005

Andy, Capital - beginning 115,650,000

Investment -
Net Income 29,800,000
Andy, Drawing (8,000,000)
Andy, Capital- end 137,450,000
 Andy & Co
Balance Sheet
31-Dec-05

ASSETS LIABILITIES
CURRENT ASSETS A/P 8,400,000
Cash 15,856,000 Unearned rent 4,000,000
A/R 5,000,000 W/P 5,000,000
Supplies 694,000
Prepaid Insurance 3,000,000 Total Liab 17,400,000

FIXED ASSETS/PPE OWNER'S EQUITY

Land 40,000,000 Andy, Capital 137,450,000
Building 111,000,000
Acc depr-build (53,800,000)
Equipment 60,000,000
Acc depr-eq (26,900,000)

Total assets 154,850,000 total Liab & OE 154,850,000