31.03.2006 30.06.

2006
Assets $
Cash 4000 3390
Inventories 3300 2900 4100
Stores and supplies 100 20
Prepaid Ad 150 0
Prepaid Rent 1200 1200
Cash Register Deposit 250 250
Computer 2000 1750
S Machine 1800 1740
Account Receivables 320

Total 11000 12770

Liabilities $
Loan 10000 10000
Salary Payable 90
Interest Payable 150
Equities 1000 1000
Retained Earnings 1530
Total 11000 12770
Income statement of RNB for the Quarter April - June 2006
Revenue 7720
Salary -1600
Rent -1800
COGS -2100
Stores consumed -80
Interest payable -150
Depriciation on SM -60

Depriciation on Computer -250

Advertisement Exp -150
Profit 1530

Cash Flow statement of RNB for the Quarter A

Opening balance 4000
Operating Activities:
Revenue 7400
Salary -1510
Rent -1800
Inventory -2900
Net Cash flow from OA 1190

Investing Activities:
Sewing Machine -1800
Net Cash flow from IA -1800

Financing Activities:
0
Closing Balance 3390