SUNSET BOARD, INC.

Balance Sheets as of December 31, 2009 and 2010

2009 2010
Assets Liabilities and Owner's Equity
Current assets Current liabilities
Cash 20,437 30,880 accounts payable
Accounts recieveables 14,482 18,785 notes payable
Inventory 30,475 41,821 total
Total 65,394 91,486
Fixed Assets
Net Fixed Assets 176,400 214,184 long-term debt

Total assets 241,794 305,670 Total liabilities and Owner's equit

 2009 2010 2009 2010
2009 2010 Current Assets Current Liablities
Cash 20437 30880 A/P 36120 40908
A/R 14482 18785 N/P 16464 17976
36,120 40,908 Inve 30475 41821 52584 58884
16,464 17,976 65394 91486
52,584 58,884 Fixed Assets Long-term debt 89040 102480
Net F 176400 214184
OE
89,040 102,480 Shareholders' E 100170 127506
New Equity 0 16800
Retained Earnin 0 0
100170 144306
158,088 161,364
Total Asse 241,794 305,670 Total Liabilities & OE 241,794 305,670
 SUSNSET BOARD, INC.
2009 and 2010 Income Statement
($ in millions) Income Statement
2009 2010
Sales 277,855 338,688 Sales
Cost of goods sold 141,641 178,839 CGS
selling and Admin expenses 27,854 36,355
depreciation 39,983 45,192 Selling & Admi
Earnings before interest and taxes 176,197 205,041 Depreciation
interest paid 8,702 9,962 EBIT
taxable income 167,495 195,079 Interest
net income 839,727 1,009,156 EBT (Taxabl
taxes 162,374 194,560 Tax @ 20%
Total Net Inome 677,353 814,596 Net Income
dividents 338676.5 407298
Addition to retained earnings 324,749.50 389,120.50 Dividend (50% of Net
Retained Earnings (5
2009 2010
277855 338688
141641 178839

27854 36355
39983 45192
68377 78302
5427 9962
62950 68340
12590 13668
50,360 54,672

25180 27336
25180 27336
 2009 and 2010 Operating Cash Flow
2009 2010
Earning before interest and taxes 176,197 205,041 Operating cash flow
Depriciation 39,983 45,192
Taxes 162,374 194,560
Operating Cash Flow 53,806 55,673 cash flow from Assets

2010 Cash flow to Stockholders

Dividents paid 389,120 Interest paid
Net new quity 16,800 Net new borrowing
Cash flow to stockholders 372,320
 2010 Cash Flow from Assets
Operating cash flow 55,673
net capital spending 37,784
Change in Net working capital 19,792
cash flow from Assets -19,792

2010 Cash flow to Creditors

Interest paid 9,962
Net new borrowing 13,440
Cash flow to creditor -3,478
OPERATING CASH FLOW (OCF) CASH FLOW TO CREDITORS
EBIT #REF! #REF! Interest Expense
Depreciation #REF! #REF! Net new borrowing
Tax #REF! #REF! Long-term debt 2010
#REF! #REF! Long-ter debt 2009
NET CAPITAL SPENDING
2010 Net Fixed Assets #REF!
2009 Net Fixed Assets #REF!
CASH FLOW TO SHAREHOLDERS
Depraciation 2010 #REF! Dividend Paid
#REF! Net New capital raised

CHANGE IN NWC
2010 Current Assets #REF!
2010 Current Liabilities #REF!
#REF!

2009 current assets #REF!

2009 current liabilities #REF!
#REF!
ge in NWC #REF!

Cash Flow from Assets for 2010 #REF! Cash Flow to Creditors & Shareholders
 #REF!

#REF!
#REF!
#REF!
#REF!

#REF!
#REF!
#REF!

#REF!