0 0 0 30810137d58f76b84afd 2019-12-31 30810137d58f76b84afd 2020-01-01 2020-12-31 30810137d58f76b84afd 2020-12-31 iso4217:USD
Balance Sheet
ABC Company, Inc.
(See accompanying notes to the financial statements.)
 
(in US Dollars) As of December 31, 2020 As of December 31, 2019
ASSETS  
Current Assets:  
Cash and cash equivalents $26900) $13000)
Receivables 1000) 1000)
Inventories 1000) 1000)
Current assets 28900) 15000)
   
Noncurrent Assets:  
Property, plant, and equipment 13000) 1000)
Noncurrent assets 13000) 1000)
   
Assets $41900) $16000)
   
LIABILITIES AND EQUITY  
LIABILITIES  
Current liabilities:  
Accounts payable $1000) $1000)
Current liabilities 1000) 1000)
   
Noncurrent liabilities:  
Long-term debt 5900) 1000)
Noncurrent liabilities 5900) 1000)
   
Liabilities 6900) 2000)
EQUITY  
Retained earnings 35000) 14000)
Equity 35000) 14000)
   
Liabilities and equity $41900) $16000)
   
Income Statement
ABC Company, Inc.
(See accompanying notes to the financial statements.)
 
(in US Dollars) For period ended December 31, 2020
Sales $48000)
Cost of Sales 24000)
Gross Profit (Loss) 24000)
  
Operating Expenses: 
Depreciation and amortization 3000)
Operating expenses 3000)
  
Operating Income (Loss) 21000)
  
Nonoperating income (expenses) 0)
Income (loss) before taxes 21000)
Income tax expense (benefit) 0)
Net income (loss) 21000)
  
Cash Flow Statement
ABC Company, Inc.
(See accompanying notes to the financial statements.)
 
(in US Dollars) For period ended December 31, 2020
Net cash flow from operating activities: 
Collection of receivables $48000)
Payment of accounts payables (24000)
Net cash flow from operating activities 24000)
  
Net cash flow from financing activities: 
Additional long-term borrowings 6000)
Repayment of long-term borrowings (1100)
Net cash flow from financing activities 4900)
  
Net cash flow from investing activities: 
Capital additions of property, plant, and equipment (15000)
Net cash flow from investing activities (15000)
  
Net cash flow 13900)
Cash and cash equivlents, beginning balance 13000)
Cash and cash equivlents,ending balance $26900)
  
Statement of Changes in Equity
ABC Company, Inc.
(See accompanying notes to the financial statements.)
 
(in US Dollars) For period ended December 31, 2020
Changes in equity: 
Equity, beginning balance $14000)
Net income (loss) 21000)
Equity, ending balance $35000)
  
Cash and Cash Equivalents Roll Forward
ABC Company, Inc.
 
(in US Dollars) For period ended December 31, 2020
Cash and cash equivalents roll forward: 
Cash and cash equivalents, beginning balance $13000)
Collection of receivables 48000)
Payment of payables (24000)
Additional long-term borrowings 6000)
Repayment of long-term borrowings (1100)
Capital additions of property, plant, and equipment (15000)
Cash and cash equivalents, ending balance $26900)
  
Receivables Roll Forward
ABC Company, Inc.
 
(in US Dollars) For period ended December 31, 2020
Receivables roll forward: 
Receivables, beginning balance $1000)
Sales 48000)
Collection of receivables (48000)
Additions to allowance for bad debts 0)
Bad debts written off 0)
Receivables, ending balance $1000)
  
Inventories Roll Forward
ABC Company, Inc.
 
(in US Dollars) For period ended December 31, 2020
Inventories roll forward: 
Inventories, beginning balance $1000)
Purchases of inventories for sale 24000)
Cost of sales (24000)
Inventories written off 0)
Inventories, ending balance $1000)
  
Property, Plant and Equipment Roll Forward
ABC Company, Inc.
 
(in US Dollars) For period ended December 31, 2020
Property, plant, and equipment roll forward: 
Property, plant, and equipment, beginning balance $1000)
Capital additions of property, plant, and equipment 15000)
Depreciation and amortization (3000)
Property, plant and equipment written off 0)
Property, plant, and equipment, ending balance $13000)
  
Accounts Payable Roll Forward
ABC Company, Inc.
 
(in US Dollars) For period ended December 31, 2020
Accounts payable roll forward: 
Accounts payable, beginning balance $1000)
Purchases of inventory for sale 24000)
Payment of accounts payable (24000)
Accounts payable, ending balance $1000)
  
Long-term Debt Roll Forward
ABC Company, Inc.
 
(in US Dollars) For period ended December 31, 2020
Long-term debt roll forward: 
Long-term debt, beginning balance $1000)
Additional long-term borrowings 6000)
Repayment of long-term borrowings (1100)
Long-term debt, ending balance $5900)
  
Retained Earnings Roll Forward
ABC Company, Inc.
 
(in US Dollars) For period ended December 31, 2020
Retained earnings roll forward: 
Retained earnings, beginning balance $14000)
Net income (loss) 21000)
Retained earnings, ending balance $35000)