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#4 by Ted

Patrie Plastics Company
Balance Sheet at December 31, 2004

Assets
Current Assets
Cash …………………………………………………… …………………… $ 35,000.00
Receivables and other assets…………………………………… …………… 7,000.00
Inventories……………………… …………………………………………... 40,000.00

Non-current Assets
Investments……………………… ………………………………………….. 3,000.00
Property, plant, and equipment…………………………… ………………… 230,000.00
Intangible assets…………………………………… ………………………... 5,000.00
Total assets…………………………………… ……………………………. 320,000.00

Liabilities And Stock holder’s Equity
Current Liabilities
Accounts payable………………………………… ………………………….. 108,000.00
Other short-term obligations……………………… ………………………..... 12,000.00

Long-term Liabilities
Stockholder’s Equity

Contributed Capital………………………………… ………………………… 150,000.00
Retained Earnings……………………………… …………………………….. 50,000.00
Total liabilities and stockholder’s equity…………………………………. .. 320,000.00