Vertical Balance Sheet

3/9/2022
Assets
Current Asset
Cash $ 6,000.00
Invetory $ 25,000.00
Account Receivable $ 1,000.00
Total Current Assets $ 32,000.00
Fixed Assets
Land and Buildings $ 6,000.00
Equipments $ 25,000.00
Total Fixed Assets $ 31,000.00
Total Assets $ 63,000.00
Liabilities
Current Liabilities
Accounts Payable $ 4,000.00
Short-term Notes Payable $ 1,000.00
Total Current Liabilities $ 5,000.00
Long-term Liabilities
Mortage $ 25,000.00
Long Term Loans $ 20,000.00
Total Long-term Liabilities $ 45,000.00
Total Liabilities $ 50,000.00
Stockholder's Equity
Common Stock $ 10,000.00
Retained Earnings $ 3,000.00
Total Equity $ 13,000.00
Total Liabilities and Equity $ 63,000.00