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Silver Beach Table 7.5: Balance Sheet Pro -forma Balance Sheet Assets Short-term Assets FY2007 FY2008 FY2009 Cash $75,646 $168,903 $286,127 Inventory $318 $413 $509 Other Short-term Assets $400 $400 $400 Total Short-term Assets $76,364 $1695716 $287,035 Long-term Assets $5,888 $6,813 $7,376 Capital Assets $162,605 $162,605 $16205 Accumulated Depreciation $0 $0 $0 Total Long-term Assets $162,605 $162,605 $162,605 Total Assets $238,969 $3321321 $449,640 Liabilities and Capital 14 U P,gnP I �; FY2007 FY2008 FY2009 Accounts Payable $5,888 $62813 $7,376 Short-term Notes $ 0 $ 0 $ 0 Other Short-term Liabilities $0 $0 $0 Subtotal Short-term Liabilities $5,888 $6,813 $7,376 Long-term Liabilities $202,000 $244,000 $286,000 Total Liabilities $207,888 $250,813 $293,376 Paid in Capital $85,000 $853000 $85,000 Retained Earnings ($77,995) ($53,920) ($3,492) Earnings $243076 $50,427 $74,756 Total Capital $31,081 $81,508 $156,264 Total Liabilities and Capital $238,969 $332,321 $449,640 Net Worth $31,081 $81,508 $156,264 14 U P,gnP I �;