Assets

Cash ₡ 143,091,393.00
Accounts Receivable
Short-term Notes Receivable
Long-term Notes Receivable
Short-Term Investments
Long-Term Investments
Interest Receivable on Short-term Notes Receivable
Interest Receivable on Long-term Notes Receivable
Interest Receivable on Short-term Investments
Interest Receivable on Long-term Investments
Prepaid insurance ₡ 3,035,000.00
Prepaid Rent ₡ 5,000,000.00
Supplies
Inventory
Value Added Tax - Payable
Land
Buildings ₡ 110,000,000.00
Accumulated Depreciation - Buildings ₡ 42,250,000.00
Net Buildings
Vehicles ₡ 65,200,000.00
Accumulated Depreciation - Vehicles ₡ 23,500,000.00
Net Vehicles
Machinery ₡ 53,300,000.00
Accumulated Depreciation - Machinery ₡ 11,523,563.00
Net Machinery
Equipment ₡ 35,200,000.00
Accumulated Depreciation - Equipment ₡ 6,250,000.00
Net Equipment
Furniture ₡ 15,000,000.00
Accumulated Depreciation - Furniture ₡ 5,200,000.00
Net Furniture

Total Assets
 Morgan & Morgan Corporation
Balance Sheet
December 31st, 2018
Liabilities
₡ 18,122,369.00 Accounts Payable
₡ 25,626,985.00 Short-term Notes Payable
₡ 12,500,000.00 Salary Payable
₡ 5,000,000.00 Wage Payable
₡ 20,000,000.00 Fees payable
₡ 35,000,000.00 Long-term Notes Payable
₡ 186,000.00 Mortgage Payable
₡ 56,200.00 Bonds Payable
₡ 35,000.00 Interest Payable on Short-term Notes Payable
₡ 78,000.00 Interest Payable on Long-term Notes Payable
₡ 2,535,000.00 Interest Payable on Bonds Payable
₡ 4,500,000.00 Unearned Sales Revenue
₡ 3,265,895.00 Unearned Service Revenue
₡ 55,200,144.00 Total Liabilities
₡ 120,000.00
₡ 90,000,000.00 Stockholders' Equity
Preferred Stock - Series A, ₵8 par, 4000000 shares authorized,
3000000 shares outstanding
₡ 67,750,000.00 Paid-in Capital in excess of Preferred Stock - series A, 1000000 shares @ ₵12.0
2000000 shares issued @ ₵16.00
Preferred Stock - Series B, ₵6 par, 4000000 shares authorized,
₡ 41,700,000.00 3500000 shares outstanding
Paid-in Capital in excess of Preferred Stock - series B, 1000000 shares @ ₵10.0
2500000 shares issued @ ₵13.00
₡ 41,776,437.00 Common Stock - Series A, ₵ 9 par, 5000000 shares authorized,
4000000 shares outstanding
Paid-in Capital in excess of Common Stock - Series A, 2500000 shares issued @
₡ 28,950,000.00 1500000 shares issued @ ₵15.00
Common Stock - Series B, ₵ 7.00 par, 3000000 shares authorized, 2500000 sha
at par.
₡ 9,800,000.00 Total Paid-in Capital
Retained earnings
Total Stockholders' Equity
₡ 462,202,030.00 Total Liabilities and Equity
 ₡ 25,212,555.00
₡ 38,500,000.00
₡ 6,500,000.00
₡ 12,300,000.00
₡ 2,000,000.00
₡ 85,200,000.00
₡ 5,000,000.00
₡ 65,000,000.00
₡ 1,120,230.00
₡ 1,700,000.00
₡ 2,500,000.00
₡ 6,500,000.00
₡ 2,000,000.00
₡ 253,532,785.00

shares authorized, ₡ 24,000,000.00

series A, 1000000 shares @ ₵12.00 ₡ 20,000,000.00

shares authorized, ₡ 21,000,000.00

series B, 1000000 shares @ ₵10.00 ₡ 21,500,000.00

shares authorized, ₡ 36,000,000.00

Series A, 2500000 shares issued @ ₵ 14,00, ₡ 21,500,000.00

00 shares authorized, 2500000 shares outstanding ₡ 17,500,000.00

₡ 161,500,000.00
₡ 47,169,245.00
₡ 208,669,245.00
₡ 462,202,030.00
 Morgan & M
Ba
Decem
Assets
Cash ₡ 22,124,256.00
Accounts Receivable ₡ 22,611,185.00
Short-term Notes Receivable ₡ 10,500,000.00
Long-term Notes Receivable ₡ 8,000,000.00
Short-Term Investments ₡ 42,000,000.00
Long-Term Investments ₡ 43,000,000.00
Interest Receivable on Short-term Notes Receivable ₡ 6,000.00
Interest Receivable on Long-term Notes Receivable ₡ 12,200.00
Interest Receivable on Short-term Investments ₡ 10,000.00
Interest Receivable on Long-term Investments ₡ 102,000.00
Prepaid insurance ₡ 2,100,000.00
Prepaid Rent ₡ 4,000,000.00
Supplies ₡ 4,205,211.00
Inventory ₡ 64,122,875.00
Value Added Tax - Payable ₡ 12,000.00
Land ₡ 90,000,000.00
Buildings ₡ 110,000,000.00
Accumulated Depreciation - Buildings ₡ 46,200,000.00
Net Buildings ₡ 63,800,000.00
Vehicles ₡ 65,200,000.00
Accumulated Depreciation - Vehicles ₡ 25,500,000.00
Net Vehicles ₡ 39,700,000.00
Machinery ₡ 53,300,000.00
Accumulated Depreciation - Machinery ₡ 12,533,122.00
Net Machinery ₡ 40,766,878.00
Equipment ₡ 35,200,000.00
Accumulated Depreciation - Equipment ₡ 8,245,630.00
Net Equipment ₡ 26,954,370.00
Furniture ₡ 15,000,000.00
Accumulated Depreciation - Furniture ₡ 5,800,000.00
Net Furniture ₡ 9,200,000.00

Total Assets ₡ 493,226,975.00

Morgan & Morgan Corporation
Balance Sheet
December 31st, 2019
Liabilities
Accounts Payable
Short-term Notes Payable
Salary Payable
Wage Payable
Fees payable
Long-term Notes Payable
Mortgage Payable
Bonds Payable
Interest Payable on Short-term Notes Payable
Interest Payable on Long-term Notes Payable
Interest Payable on Bonds Payable
Unearned Sales Revenue
Unearned Service Revenue
Total Liabilities

Stockholders' Equity
Preferred Stock - Series A, ₵8 par, 4000000 shares authorized,
3500000 shares outstanding
Paid-in Capital in excess of Preferred Stock - series A, 1000000 shares @ ₵12.00
2000000 shares issued @ ₵16.00, 500000 shares issued @
Preferred Stock - Series B, ₵6 par, 4000000 shares authorized,
3800000 shares outstanding
Paid-in Capital in excess of Preferred Stock - series B, 1000000 shares @ ₵10.00
2500000 shares issued @ ₵13.00, 300000 shares issued @
Common Stock - Series A, ₵ 9 par, 5000000 shares authorized,
4500000 shares outstanding
Paid-in Capital in excess of Common Stock - Series A, 2500000 shares issued @
1500000 shares issued @ ₵15.00, 500000 shares issued @
Common Stock - Series B, ₵ 7.00 par, 3000000 shares authorized, 2500000 shares outstanding
at par.
Total Paid-in Capital
Retained earnings
Total Stockholders' Equity
Total Liabilities and Equity
 ₡ 32,582,147.00
₡ 42,100,000.00
₡ 7,200,000.00
₡ 15,200,000.00
₡ 1,000,000.00
₡ 92,000,000.00
₡ 10,000,000.00
₡ 57,000,000.00
₡ 1,520,251.00
₡ 1,900,000.00
₡ 2,700,000.00
₡ 5,200,000.00
₡ 500,000.00
₡ 268,902,398.00

shares authorized, ₡ 28,000,000.00

series A, 1000000 shares @ ₵12.00 ₡ 25,000,000.00

hares issued @ ₵ 18,00 / share
shares authorized, ₡ 22,800,000.00

series B, 1000000 shares @ ₵10.00 ₡ 23,900,000.00

hares issued @ ₵ 14.00 / share
shares authorized, ₡ 40,500,000.00

Series A, 2500000 shares issued @ ₵ 14,00, ₡ 24,500,000.00

hares issued @ ₵ 15.00 / share
00 shares authorized, 2500000 shares outstanding ₡ 17,500,000.00

₡ 182,200,000.00
₡ 42,124,577.00
₡ 224,324,577.00
₡ 493,226,975.00
 Morgan & Morgan Corporation
Comparative Balance Sheet
December 31st, 2018 vrs December 31st 2019

2018
Assets Amount Percent
Current Assets ₡ 136,190,593.00
Fixed Assets ₡ 279,976,437.00
Other Assets ₡ 46,035,000.00
Total Assets ₡ 462,202,030.00

Liabilities
Current Liabilities ₡ 89,832,785.00
Long-term debts ₡ 155,200,000.00
Other Liabilities ₡ 8,500,000.00
Total Liabilities ₡ 253,532,785.00

Shareholders' Equity
Preferred Stock, including additional ₡ 86,500,000.00
paid-in capital
Common Stock, including additional ₡ 75,000,000.00
paid-in capital
Retained earnings ₡ 47,169,245.00
Total Shareholders' Equity ₡ 208,669,245.00
Total Liabilities and Equity ₡ 462,202,030.00

Remarks:
2019

2019
Amount Percent
₡ 166,705,727.00
₡ 270,421,248.00
₡ 56,100,000.00
₡ 493,226,975.00

₡ 104,202,398.00
₡ 159,000,000.00
₡ 5,700,000.00
₡ 268,902,398.00

₡ 42,124,577.00
₡ 224,324,577.00
₡ 493,226,975.00