Mansa Building Balance Sheet

as of 01 Nov 2000 Current Assets Cash Account Receivable Pre Paid Exterior Paint Pre Paid Interior Paint Current Liabilities 1289420 4250 22500 7500

Non Current Liabilities Total Current Assets Non Current Assets Land Building Less Dep Total Non Current Assets 1323670

1200000 3600000 ### 2520000 3720000 Owners' Equity

Total Assets Retained Earning 183500

###

Total Liabilities

As there is no information available, we have to take the diffe

Building e Sheet

Nov 2000 Current Liabilities Commission Payable Property Taxes Payable

170 60000

Total Current Liabilities Non Current Liabilities

60170

Total Non Current Liabilities Owners' Equity Paid-up Capital Retained Earnings Total Owners' Equity Total Liabilities

4800000 183500 4983500 ###

we have to take the difference of Assets and Liabilities as RE

Mansa Building Balance Sheet

as of 31 Dec 2000 Current Assets Cash Account Receivable Pugree Receivable Pre Paid Exterior Paint Pre Paid Interior Paint Pre Paid Insurance Pre Paid Commission Total Current Assets Non Current Assets Land Building Less Dep Total Non Current Assets Current Liabilities 1474440 74500 25000 22500 17500 10000 200 Non Current Liabilities 1624140

1200000 3600000 ### 2400000 3600000 Owners' Equity

Total Assets

###

Total Liabilities

Building e Sheet

Dec 2000 Current Liabilities Commission Payable Property Taxes Payable Advanced Rent

3800 60000 5000

Total Current Liabilities Non Current Liabilities

68800

Total Non Current Liabilities Owners' Equity Paid-up Capital less Withdrawal Retained Earnings Total Owners' Equity Total Liabilities

4800000 -100000 4700000 455340 5155340 ###

Revenue Rent From Pugree Total Revenue Expenses SGA Repairs Free Rent Expenses Comissions Insurance Premium Property Taxes Depreciation

645000 100000

1030 41770 36000 24360 10000 240000 120000

Net Profit/Loss Statement of Retained Earnings RE at the start of year Earning of this year Retained Earnings for 2000

745000

473160 271840

f Retained Earnings 183500 271840 455340

Exterior

30000 4 Qtrs

Expenses Pre Paid Expenses PrePaid

1999 7500 22500 1998 2500 17500

2000 30000 22500 1999 10000 7500

2001

Interior

20000 8 Qtrs

2000 10000 17500

1999 Commission

4% of 4250 un paid Rent 4% of 5000

2000 Pre Paid Commission

2000 Commission Payable Total Commissions planned for year Commission Paid So Far Less Commission from 1999 Less Commission from 2001

24360 20930 -170 -200

Total Applicable Commission paid this year 20560 Commission Payable 3800

2001