Financial Statements - Start Up Start-up Expenses Legal...

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Start Up Start-up Expenses Planned Investment Legal $1,200 Rent $2,000 Debt Financing $50,000 Utilities $500 Partner Investments $60,000 Insurance $400 Friends and Family $50,000 Storefront Build-Out $16,000 Addition Required 23,000 Expensed Equipment $4,800 Total Start-Up Expenses $24,900 Start-up Assets Cash Required $135,000 Start-up Inventory $15,000 Long-term assets $8,000 Total Assets $158,000 Total Requirements $183,000 Balance Sheet Current Assets Year 1 Year 2 Year 3 Cash $70,000 $168,000 $319,000 Inventory $29,000 $64,000 $70,000 Total Current Assets $99,000 $232,000 $389,000 Long-term Assets $8,000 $8,000 $8,000 Accumulated Deprectiation $1,200 $3,100 $5,000 Total Long-term Assets $6,800 $4,900 $3,000 Ttoal Assets $105,800 $236,900 $392,000 Liabilities and Capital Current Liabilities Accounts Payable $32,500 $46,000 $48,500 Subtotal Current Liabilities $32,500 $46,000 $48,500 Long-term Liabilities $0 $0 $0 Total Liabilities $32,500 $46,000 $48,500 Paid in Capital $183,000 $183,000
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