SANDBOX Balance Sheet

Date:31 DECEMBER,2019

Assets 2019 2018

Current Assets
Cash 20,000 1,200
Accounts receivable 3,424 9,000
Inventory 1,091 5,439
Prepaid expenses 11,983 8,933
Short-term investments 2,018 190
Total current assets $ 38,516 $ 24,762
Fixed (Long-Term) Assets
Long-term investments 1,208 909
Property, plant, and equipment 15,340 546
(Less accumulated depreciation) (2,200) 2,579
Intangible assets
Total fixed assets $ 14,348 $ 4,034
Other Assets
Deferred income tax 6,051 9,234
Other 6,783 8,546
Total Other Assets $ 12,834 $ 17,780

Total Assets $ 65,698 $ 46,576

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Liabilities and Owner's Equity

Current Liabilities
Accounts payable 8,060 23,943
Short-term loans 15,000 1,258
Income taxes payable 3,145 2,378
Accrued salaries and wages 3,400 952
Unearned revenue 18,000 23
Current portion of long-term debt 278
Total current liabilities $ 47,605 $ 28,832
Long-Term Liabilities
Long-term debt 3,450 12,500
Deferred income tax 8,000 2,500
Other 600 761
Total long-term liabilities $ 12,050 $ 15,761
Owner's Equity
Owner's investment 360 394
Retained earnings 4,389 1,200
Other 1,294 389
Total owner's equity $ 6,043 $ 1,983

Total Liabilities and Owner's Equity $ 65,698 $ 46,576

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