Your Company Name

Balance Sheet as on dd/mm/yyyy

ASSETS
1. CURRENT ASSETS 2016
CASH 118,740
ACCOUNTS RECEIVABLE
INVENTORY
PREPAID EXPENSES
SHORT TERM INVESTMENTS
TOTAL CURRENT ASSETS 118,740
2. LONG TERM FIXED ASSETS
LONG-TERM INVESTMENTS 12,080
PROPERTY, PLANT, AND EQUIPMENT 153,400
(LESS ACCUMULATED DEPRECIATION) (22,000)
INTANGIBLE ASSETS
TOTAL FIXED ASSETS 143,480
3. OTHERS
DEFERRED INCOME TAX
OTHER
TOTAL OTHER ASSETS -

TOTAL (1+2+3) 262,220

LIABILITIES AND OWNER'S EQUITY

1. CURRENT LIABILITIES
ACCOUNTS PAYABLE 80,600
SHORT-TERM LOANS
INCOME TAXES PAYABLE 31,450
ACCRUED SALARIES AND WAGES
UNEARNED REVENUE
CURRENT PORTION OF LONG-TERM DEBT
TOTAL CURRENT LIABILITIES 112,050
2. LONG-TERM LIABILITIES
LONG-TERM DEBT 34,500
DEFERRED INCOME TAX
OTHER
TOTAL LONG-TERM LIABILITIES 34,500
3. OWNER'S EQUITY
OWNER'S INVESTMENT 71,780
RETAINED EARNINGS 43,890
OTHER
TOTAL OWNER'S EQUITY 115,670

TOTAL (1+2+3) 262,220

FINANCIAL RATIOS

DEBT RATIO (TOTAL LIABILITIES / TOTAL ASSETS) 0.56

CURRENT RATIO (CURRENT ASSETS / CURRENT LIABILITIES) 1.06

WORKING CAPITAL (CURRENT ASSETS - CURRENT LIABILITIES) 6,690

ASSETS-TO-EQUITY RATIO (TOTAL ASSETS / OWNER'S EQUITY) 2.27

DEBT-TO-EQUITY RATIO (TOTAL LIABILITIES / OWNER'S EQUITY) 1.27

 [Company Name] Income Statement
For the Years Ending [Dec 31, 2020 and Dec 31, 2019]

Revenue 2020 2019

Sales revenue 110,000 95,000
(Less sales returns and allowances)
Service revenue 70,000 62,000
Interest revenue
Other revenue
Total Revenues 180,000 157,000
[42]

[42]

Expenses
Advertising 1,000 1,000
Bad debt
Commissions
Cost of goods sold 65,000 63,000
Depreciation
Employee benefits
Furniture and equipment 8,000
Insurance
Interest expense 4,200 5,200
Maintenance and repairs
Office supplies
Payroll taxes
Rent
Research and development
Salaries and wages 55,000 55,000
Software
Travel
Utilities
Web hosting and domains
Other 17,460
Total Expenses 142,660 132,200

Net Income Before Taxes 37,340 24,800

Income tax expense 14,936 9,920

Income from Continuing Operations 22,404 14,880

{42} [42]

Below-the-Line Items
Income from discontinued operations
Effect of accounting changes
Extraordinary items
Net Income 22,404 14,880