|
<br />en
<br />
<br />970-587-2749
<br />
<br />p. l8
<br />
<br />3:17 PM SHULTZ FARM INC
<br />10/01/02 Balance Sheet
<br />Cash Basis As of October 1, 2002
<br /> Ocl1,02
<br /> ASSETS
<br /> Current Assets
<br /> Checking/Savings
<br /> CHECKING 10,090.07
<br /> GAA -1.64
<br /> NEW FRONTIER BANK 20.474,45
<br /> Tolal ChecklnglSavings 30,562.88
<br /> other Current Assets
<br /> LOAN TO JODY CARLSON 6,011.91
<br /> Total other Current Assets 6,011.91
<br /> Total Current Assets 36,574.79
<br /> Fixed Assets
<br /> CBT WATER 1,200,000.00
<br /> EQUIPMENT PURCHASED 43,234.00
<br /> HIGHLAND WATER 68,000.00
<br /> ISH WATER 64,000.00
<br /> LAKE FARM 2,329,056.93
<br /> MACHINARY 165,032.48
<br /> REAL ESTATE 900,000.00
<br /> REAL ESTATE IMPROVMENTS 400,000.00
<br /> Tolal Fixed Assels 5,189,323.41
<br /> Other Assets
<br /> LOAN TO DOUBLE S FARMS 10,000.00
<br /> Total other Assets 10,000.00
<br /> TOTAL ASSETS 5,235,898.20
<br /> LIABILITIES & EQUITY
<br /> Uabllilles
<br /> Current liabilities
<br /> other Current Liabilities
<br /> 8-12-112 LOAN 300,000.00
<br /> DOUBLES FARMS LOAN 4,000.00
<br /> OPERATING LOAN 135,000.00
<br /> Total other Current Liabilllies 439,000.00
<br /> Total Current Liabilities 439,000.00
<br /> Long 1enn liabilities
<br /> DIVERSIFIED FINANCIAL SERVICES 97,783.54
<br /> NFB LAKE FARM LOAN 1,063,102,97
<br /> Total Long Term Liabilities 1,160,886,51
<br /> Tota' Uabilllies 1,599,866,51
<br /> Equity
<br /> EXHANGE PROPERTY SOLD 42,895,30
<br /> LAKE FARM PROPERTIES SOLD 980,000.00
<br /> Opening Bal Equity 3,127,924.22
<br /> Retained Earnings -33,092.68
<br /> Net Income -481,714.95
<br /> Total Eqully 3,636,011.69
<br /> TOTAL LIABILITIES & EQUITY 5,238,898.20
<br />
<br />Page 1
<br />
|