Ashbourne Industries, Inc.

2022 Monthly TrIal Balance

Summary
Code Description Total
10000 Assets 1,263,879,322
20000 Liabilities & Equity -1,263,879,320
30000 Revenue -988,385,863
40000 to 80000 Expenses 890,982,485

Step 1 11100
Hide columns Jan - Nov - remember we only need to use data 11101
from December 11200
11210
Step 2 11211
Populate the summary table in columns B-D - use a ‘SUM’
formula for the accounts with the relevant codes 11212
11310
Step 3 11311
Now let’s calculate the pre-tax income - as this is what we’ll use to 11600
figure out our $ Materiality threshold. 12100
Calculate NET INCOME (Revenue less Expenses) 12105
Calculate TAXES (add up line items 81000 and 82000)
Pre-tax income = NET INCOME + TAXES 12150
12200
Step 4 12510
Find 1% of the pre-tax income - this is our $ materiality 12610
12611
Step 5 12613
Figure out if each account is higher or lower than the $ materiality.
All accounts higher than this figure are considered material. You 12614
can use an ‘IF’ formula to help you. 12615
12626
12653
12662
13000
14100
14110
14123
14128
14200
14212
14310
14311
14312
14313
14314
14315
14340
14342
14360
14390
14410
14415
15010
15020
15100
15110
15112
15120
15122
15123
15124
15125
15128
15131
15134
15135
15140
15145
15148
15150
15153
15160
15170
15180
15190
15220
15230
15231
15232
15233
15235
15236
15237
15300
15400
16010
16015
16020
16030
16035
16040
16050
16060
16070
16090
16100
16510
16515
16530
16535
16540
16550
16560
16570
16590
17120
19110
19200
19225
19244
19293
19300
19310
19400
19510
19515
19520
19525
19530
19535
19540
19545
19550
19555
19560
19565
19570
19575
19580
19585
21000
21100
21105
21151
22100
22105
22110
22111
22120
22125
22130
22140
22150
22152
22155
22160
22170
22180
22187
22190
22200
22211
22215
22217
22219
22220
22305
22310
22320
22330
22335
22340
22345
22350
22355
22360
22361
22363
22370
22371
22375
22376
22380
22385
22410
22420
22450
22460
22470
22510
22520
22530
22560
22570
22580
22590
22600
22601
22602
22610
22620
22640
22710
22720
22820
22821
22837
22840
22965
23100
23120
23121
23127
23137
23140
23160
23165
23170
23175
23240
23250
23260
23300
23400
23600
23700
23800
28100
29110
29120
29140
29145
29200
29205
29215
30510
30515
30516
30520
30531
30532
30534
31002
31005
31011
31012
31072
31170
31180
31999
32002
35001
36002
41100
41101
41105
41150
41170
41180
41182
41183
41190
41310
41320
41330
41340
42100
43100
43200
50110
50115
50120
50130
50200
50210
50220
50310
50316
50320
51100
51150
51155
51156
51157
51158
51200
51250
51255
51256
51511
51512
51513
51514
51516
51600
51604
51605
51607
51608
51609
51611
52116
53100
53200
54200
54210
54300
54400
55100
55110
55120
55130
55140
55200
55300
56000
56010
56015
56025
57100
57200
57300
57500
57510
57515
57520
57530
57540
57550
57600
57610
57615
57620
57622
57630
57650
57660
57670
57700
57725
57750
57775
57780
57790
57800
57810
57850
57855
57856
57860
58100
58150
58155
58156
58157
58158
58511
58512
58513
58514
58516
58517
58519
59050
59100
59110
59120
59130
59140
59200
59210
59300
59310
59320
59340
59400
59510
59515
59530
59535
59540
59550
59560
59570
59590
59700
61100
61150
61155
61156
61157
61158
61511
61512
61513
61514
61516
61517
61519
62000
62010
62020
62030
62040
62050
62060
62070
62080
62090
62100
62110
62120
62140
62210
62220
62230
62240
62250
62260
62270
62300
62310
62320
62400
62500
62510
62511
62520
62540
62550
62560
62600
62710
62715
62720
62730
62740
62750
62760
62800
62910
62920
63000
63100
63530
63540
63550
63570
63590
63610
63620
63640
63650
63660
63670
63700
63720
63721
63810
63812
63820
63830
63840
63841
63842
63845
63850
63860
65000
66000
66600
73107
73108
73110
73116
73120
73122
73123
73126
73130
73140
73210
73220
73221
73223
79011
79015
79019
79022
79023
79030
79100
81000
82000

0
 Net income -97,403,378
Taxes 53,958,885
Pre-tax income -151,362,263
materiality -1513622.63

Account Name DEC

Petty Cash - 7,119
Petty Cash - 2,465
Operating Cash -17,908,447
Master Cash A 11,258,045
Master Cash A 44,561
Cash Account
Cash-Hourly P
Cash-Salaried -85,287
Investments 10,283,165
Trade Account 138,207,286
Trade A/R Run
Allowance for -796,317
Employee Acco
Travel Advanc 18,579
Misc A/R 1,893,119
A/R - Freight 247,001
A/R - Carl 4,084
A/R-Refundabl 7,162,743
A/R - Frank ind. -897
A/R sarah co 58,629
N/R - RS 55,650
Note Receivab 1,569
Accounts Rece
Raw Materials 7,882,178
Raw Materials 6,666
Raw Materials 7,275,630
Raw Materials 14,264
Work In Progr 24,576,311
WIP - LIFO Re 786,985
Finished Good 3,309,431
Finished Good 174,017,144
FG Green tuff -963,404
Finished Good 91,525
Finished Good -94,284,618
Finished Good 1,436,237
FG Bio 30,878
FG Flow
Finished Good 34,217
Finished Good -7,451,916
Supply Invent 1,443,372
Supply Invent 144,197
material G 170,000
Investment In GRG 3,208,597
Prepaid Asset 546,774
Prepaid W/C - 58,676
Prepaid W/C 235,598
PPD Ins - Pro 632,202
PPD Ins - Aut 10,736
PPD Ins - Gen 481,708
PPD Ins - Dir 89,599
PPD Ins - Con 32,050
PPD Ins - Bon
PPD Ins - Lif
PPD Ins - Int 10,808
PPD Ins - Pol 18,729
Prepaid Rent 998,277
Prepaid Railc 1,083,412
Prepaid Softw 319,343
Suspense Debi -5,282
Prepaid Agent 100,000
Prepaid Acqui
Deferred Tax 11,747,872
Deferred Fina 5,261,694
PPD Freight - 45,000
Deposits - Re 193,248
Deposits - Mi 768,178
Deposits - Ra 351
Deposits - En 170
Deposits - Ho 4,430
Deposits - Mi 1,000
Deposits - Ga 15,000
Deposits - El 18,720
Deferred Stri 4,688,476
Prepaid Manag
Depletable La 157,193,459
Reclamation 2,680,250
Land 12,298,726
Land Improvem 23,577,937
Mineral Right 74,809,940
Buildings 89,738,431
Machinery & E 430,981,609
Trucks & Auto 1,133,273
Furniture & F 1,424,317
Leasehold Imp 9,484,608
Construction 112,818,718
Accum. Depr. -10,763,846
Accum.- Depl. -797,153
Accum. Depr. -6,040,325
Accum. Amort -5,493,078
Accum. Depr. -12,985,947
Accum. Depr. -142,524,966
Accum. Depr. -874,287
Accum. Depr. -1,233,907
Accum. Depr. -3,376,823
Investment in 79,000
Split Dollar
Notes Receiva 4,520,273
Notes Receiva 217,494
Notes Receiva -10,000
Notes Receiva 1,086,325
Other Assets 2,706,136
Deferred Stri 15,287,530
Intercompany -163
Deferred Fina 31,443,324
Accum Amort. -12,475,008
Patents 807,995
Accum Amort. -552,955
Non-Compete 253,000
Accum Amort. -253,000
Goodwill 89,095,424
Accum Amort. -5,896,252
ASB technoogy investment 56,320,416
Accum Amortiz
Intangible - C 50,700,000
Accum Amortiz -1,690,000
Intangible - D 70,000
Accum Amortiz -3,500
Intangible - E 617,000
Accum Amortiz -32,183
Trade Account -28,254,854
Trade Account -17,038,149
Trade A/P Run -3,327,117
Misc. A/P - F -718,046
Accrued Trade 8,647,577
Received Not -35,093,407
Accrued Legal -723,479
Accrued Profe -104,756
Accrued Membe -97,565
Accrued Manag
Accrued Trans -460,546
Accrued Demur -1,450,765
Accrued Handl -540,401
Accrued Unit
Accrued Contr -50,000
Accrued Commi -440,196
Accrued Elect -205,415
Purchased Ton -2,124,438
Accrued Royal -240,576
Accrued Recla -1
Accrued Inter -3,000
Accrued Inter
Accrued Inter -46,719
Accrued Inter -43,553
Accrued Inter
Accrued Inter -12,673
Accrued Payro -2,813
Accrued Payro -430,909
Accrued 401(k
Accrued Vacat -1,017,663
Accrued Vacat -1,945,156
Accrued Bonus -3,981,691
Accrued Safet -125,739
Accrued Stock -210,000
Accrued SERP
Accrued Pensi -1,326,646
Accrued Pensi -665,666
Accrued Pensi -21,000
Group Health -10,000
Termination L -2,006,625
Group Health
Accrued Flex -63,586
Accrued Worke -748,033
Worker's Comp 6,640
Federal Withh 189,011
State Withhol -5,313
FICA - Employ
Federal Unemp
State Unemplo
Union Dues -6,959
Employee Cont
Employee W/H 5,181
Garnishments 9,235
United Way -8,586
Optional Life -19,779
Wellness
Sales & Use T -3,373,561
Sales Tax Pay 462,690
Sales Tax - S 34,038
Accrued Real -1,684,170
Deposits Paya -105
Accrued Earno -9,833,333
Accrued Feder 5,095,457
Accr. State I 4,799,317
Current Porti -3,250,000
Current Porti -8,850,000
Current Porti -73,103
Current Porti -3,513,911
Deferred Reve
Line of Credi -42,648,991
Long Term Por -319,463,663
Long Term Por -869,754,966
Long Term Deb -10,000,000
LT Debt- Chey -52,903
Capital Lease -4,537,802
Deferred Inco -50,898,097
Accrued FIN 4 -4,706,376
Deferred Comp -3,920,067
Deferred Tech -470,589
Other Liabili -927,727
Other Liabili -3,208,597
Accrued Swap -5,637,230
Intercompany -6,343
Legal Reserve -257,605
Other Notes P 31,714
Minority Inte
LT Reclamatio -2,680,250
Minority Inte -3,020,736
Common Stock -104,102
Additional Pa -724,331,688
Other Compreh -3,670,330
Treasury Stoc 1,227,001,102
Retained Earn -748,685,032
Retained Earn 123,032,200
Dividends/Dis 299,939,615
Commission In -53,180
Commission Ex 2,117,489
Royalties/Reb 74,394
Handling & St 1,442
Transportatio 1,543,232
Transportatio -25,864,873
Transporation -38,115,550
Product Sales (1,111,123,152)
Prdct.Sales-D -44,912,360
Sales-C 271,301,526
Sales-D -3,823
Sales-E -22,771,363
Sales - S -17,784,984
Sales - Bio S -3,111,726
Sales-W -22,185
Packaging Sal -1,371,802
Trade Discoun 367,512
Allowances an 1,343,540
COGS - Standa 463,689,498
COGS - Standa 8,561,862
COGS-Std. Dir 40,724,539
COGS - Standa 2,453,796
COGS - Supers 5,829,116
COGS - Bio Se 888,987
COGS - Additi -13,276
COGS - Resins -17,109
COGS - Frt Co 19,776,595
COGS - Price 10,095,206
COGS - Inv. L 14,942,682
COGS - Proces -223,809
COGS - Credit 91,560
FG Inventory -7,090,099
Bagging & Other -635,900,949
Other Bagging 3,553
Raw Material 281,081
Raw Material 406,270,759
Raw Material- 82,559
Raw Material- 417,110
Material Cost 743,817
Raw Material -18,526,245
Raw Material -7,554
Resins 85,059,670
Resins - B 381,320
Additives 17,715,640
Production La 15,594,578
Production La 7,041,955
Production La 1,081,176
Production La 2,370,730
Production La 1,811
Safety Bonus 823,238
Maintenence L 2,618,515
Maintenance L 1,325,518
Maintenance L 200,628
Maintenance L 496,192
Fringe - Work 1,725,796
Fringe - Heal 5,208,390
Fringe - Pens 1,349,204
Fringe - FICA 2,506,796
Fringe - 401K 423,865
Contract Serv 10,357,476
Contract Serv 775,271
Contract Serv 243,656
Contract Serv 47,494
Contract Serv 27,238,761
Contract Serv 36,086
Contract Serv 475,787
Trans. from T -9,444
Electric Powe 9,274,009
Dryer Fuel 12,946,658
Bags 2,187,607
Bulk Bags 111,531
Pallets 715,171
Other Bagging 114,983
Other Product 3,130,914
Other Prod Su 1,609,270
Other Prod Su 40,217
Other Prod Su -550
Other Prod Su 449,306
Gas Oil & Gre 4,543,469
Explosives 3,958,002
Maintenence 22,348,859
Maint - Deliv 897
Maint - Wear 154,165
Maint - Garag 156,960
Amortization 3,178,707
Royalties 1,817,626
Dumping 282,800
Plant Travel/ 478
T & E - Trave 83,455
T & E - Lodgi 122,598
T & E - Milea 225,480
T & E - Auto 159,774
T & E - Meals 113,167
T & E - Mtgs/ 9,881
Safety/Traini 358,841
Safety Gloves 3,697
Clothing Allo 13,503
Safety Shoes 41,139
Safety Glasse 13,514
Tool Allowanc 7,194
Training/Educ 97,515
Safety Awards 2,139
Employee Phys 85,387
Plant Lab Sup 175,574
Plant Lab Tes 54,461
Miscellaneous 1,708,412
Misc Exp - E 120,590
Misc. Exp - O 23,742
Misc. Exp - P 3,060
Contract D 1,114,346
Contract Del 14,894
Demurrage 11,213,905
Demurrage - I 1,040,916
Demurrage - T 648,923
Penalties - T 1,632,624
Personnel - O 6,791,376
Personnel - O 343,686
Personnel - O 937,057
Personnel Lab 275,364
Personnel Lab 1,027
Safety Bonus 109,860
Fringe - Work -183,755
Fringe - Heal 1,110,263
Fringe - Pens 262,254
Fringe - FICA 629,792
Fringe - 401K 155,762
Fringe - Life 635
Fringe - LTD 3,428
Plant Custodi 423,021
Other Taxes/L 99,880
Real Estate T 3,291,961
Other Taxes 14,539
Operating Lic 63,821
Duties 260,971
Other Utiliti 439,454
Communication 187,622
Rail Car Rent 26,134,708
Railcar Utili -1,346,705
Railcar Maint 320,303
Railcar Other 695,022
Rentals/Lease 4,805,158
Depletion 1,659,220
Amortization 73,281
Depr. - Land 1,454,526
Amort - Miner 1,403,641
Depr. - Build 1,821,350
Depr. - Machi 24,192,983
Depr. - Truck 71,608
Depr. - Furni 4,867
Depr. - Lease 1,337,886
Insurance 921,078
Salaries - S 24,519,045
Salaries - S 406,362
Salaries - S 5,066,163
Salaries - S 360,539
Salaries - S 5,424
Safety Bonus 348,006
Fringe - Work 1,133,982
Fringe - Heal 2,859,297
Fringe - Pens 451,762
Fringe - FICA 1,966,358
Fringe - 401K 504,358
Fringe - Life 106,734
Fringe - LTD 31,247
Professional 5,103,904
Prof. Service 5,181,832
Prof. Service 7,475,730
Prof. Service 583,057
Prof. Service 260,000
Prof. Service 150,000
Prof. Service 6,240
Prof. Service 330,702
Prof. Service 24,985
Prof. Service 5,400
Office Servic 489,722
Office Servic 381,640
Office Servic 577,271
Software Main 362,060
Pers. Serv. - 294,666
Pers. Serv. - 204,782
Pers. Serv. - 271,868
Pers. Serv. - 29,118
Pers. Serv. - 46,020
Pers. Serv. - 3,453
Pers. Serv. - 478,494
Advertising/P 983,573
Sales Demonst 9,377
Trade Show Ex 1,038,450
Communication 1,262,200
Office Suppli 792,702
Office Suppli 497,877
Office Suppli 137,764
Office Suppli 41,104
Office Suppli 34,671
Office Suppli 5,340
Office Suppli 80,024
Postage 315,461
T & E - Trave 2,586,648
T & E - Lodgi 1,359,970
T & E - Milea 708,398
T & E - Auto 727,821
T & E - Meals 1,384,783
T & E - Mtgs/ 350,678
T & E - Speci 11,750
Rentals/Lease 1,120,725
Maint - Repai 147,778
Maint. - Cust 176,212
Auto Expense 23,908
Utilities 224,430
Depr. - Land 9,835
Depr. - Build 211,750
Depr. - Mach 385,142
Depr. - Furn 104,160
Depr. - Lease 8,878
Amortization 127,925
Amortization 6,600,840
Amortization
Amortization 1,690,000
Amortization 3,500
Amortization 32,183
Insurance 1,637,973
Taxes 103,000
Real Estate a 64,466
Misc. Expense 146,154
Misc. Expense 391,186
Misc. Expense 137,467
Misc. Expense 268,416
Misc. Expense 2,430,473
Community Inv 44,294
Misc. Exp - G 86,485
Misc. Expense 139,396
Misc. Expense 1,802,412
Misc. Exp.-Br 3,711
FML Overhead
Managment Fee 2,820,977
Management ex 107,251
NBV of Asset 329,584
Cash Proceeds -339,764
Co. Housing I -22,350
Minority Inte 695,999
Misc. Other I -192,368
Gains/Losses -6,780
Gains/Losses- 169
A/P Discounts -43
Farm Income -30,274
Rental Income -32,001
Co. Housing E 5,849
Misc. Other E 895,272
Bad Debt Expense 2,219,030
Non Recur 21,334,427
Interest - Te 50,303,675
Interest - Li 1,135,850
Interest - Ag 59,583
Interest - Sw 5,208,746
Interest - Co 214,287
Other Interes -1,144,578
Interest Income -50,994
Federal Income Tax 50,629,854
State Income Tax 3,329,031