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Date
Table of Contents
Table of Contents
Chart: Cash...................................................................................................................................16
Table: Cash Flow.........................................................................................................................17
7.5 Projected Balance Sheet......................................................................................................18
7.5 Projected Balance Sheet......................................................................................................18
Table: Balance Sheet.................................................................................................................18
7.6 Business Ratios........................................................................................................................19
7.6 Business Ratios........................................................................................................................19
Table: Ratios.................................................................................................................................19
Table: Sales Forecast...........................................................................................................................1
Table: Personnel....................................................................................................................................2
Table: Personnel....................................................................................................................................2
Table: General Assumptions.............................................................................................................3
Table: General Assumptions.............................................................................................................3
Table: Profit and Loss..........................................................................................................................4
Table: Profit and Loss..........................................................................................................................4
Table: Cash Flow...................................................................................................................................5
Table: Cash Flow...................................................................................................................................5
Table: Balance Sheet...........................................................................................................................6
Table: Balance Sheet...........................................................................................................................6
Page 2
Chart: Highlights
1.1 Objectives
The objectives for the first three years of operation include:
Page 1
1.2 Mission
Two Wheeled Oracle's mission is to provide law firms with an environmentally friendly,
expedient delivery service. We exist to attract and maintain customers. When we adhere to
this maxim, everything else will fall in to place. Our services will exceed the expectations of our
customers.
2.0 Company Summary
The Oracle is a bicycle courier service that serves the downtown law firms of Portland, Oregon.
The company offers a document delivery service for law firms; documents can be delivered to
other law firms, to clients, or filed with the court. The company can offer a scheduled pick up as
well as a spontaneous run. Within nine months the business will be profitable.
2.1 Company Ownership
The company will be an Oregon Corporation, owned entirely by Alwy Laate.
2.2 Start-up Summary
Two Wheeled Oracle will incur the following start-up costs:
Office furniture including: two desks, two chairs, and two file cabinets.
Two computer systems including a printer, CD-RW, and a broadband Internet connection.
Three phone lines.
Fax machine and copier.
Development of a website that allows delivery orders to be placed online and received every
five minutes.
Legal fees for the incorporation of the business.
Brochures.
Nextel cellular phones to be used for communication between mobile units and the base.
Nextel is used because it offers a two-way communication function, similar to a two-way
radio, over cellular frequencies, but at a significantly reduced rate compared to standard
cellular service. Nine handsets will be needed initially.
Messenger bags with company logo.
Page 2
Start-up Funding
Start-up Expenses to Fund
Start-up Assets to Fund
Total Funding Required
$1,300
$108,700
$110,000
Assets
Non-cash Assets from Start-up
Cash Requirements from Start-up
Additional Cash Raised
Cash Balance on Starting Date
Total Assets
$7,500
$101,200
$0
$101,200
$108,700
$0
$50,000
$0
$0
$50,000
Capital
Planned Investment
Alwy
Investor 2
Other
Additional Investment Requirement
Total Planned Investment
$60,000
$0
$0
$0
$60,000
($1,300)
$58,700
$108,700
Total Funding
$110,000
Page 3
Table: Start-up
Start-up
Requirements
Start-up Expenses
Legal
Stationery etc.
Brochures
Consultants
Insurance
Rent
Research and development
Expensed equipment
Other
Total Start-up Expenses
$1,000
$150
$150
$0
$0
$0
$0
$0
$0
$1,300
Start-up Assets
Cash Required
Other Current Assets
Long-term Assets
Total Assets
$101,200
$0
$7,500
$108,700
Total Requirements
$110,000
Chart: Start-up
Page 4
3.0 Services
Two Wheeled Oracle will provide a bicycle messenger service that targets law firms. The service
can be used to serve notice on a lawsuit, transport documents to a client or opposing counsel,
or file a document with the court clerk. In addition to responding to immediate calls for delivery,
The Oracle will set up a subscription basis with law firms for daily pick-up to file documents with
the court clerk.
Although The Oracle will target law firms, the company will accept jobs from other
companies/individuals that require a messenger service in downtown Portland, these jobs will
be accepted but not solicited. The messenger service offers delivery times ranging from one to
three hours.
In addition to document delivery, small packages can be delivered. It is rare that a law firm
needs to deliver packages, so this will generally apply to the ancillary business. The maximum
dimensions for package delivery are 12x8x8.
4.0 Market Analysis Summary
The Oracle will primarily be serving Portland-based law firms. This is a particularly attractive
segment because law firms have a constant need for delivery services. Most firms are sending
things consistently during the day. The Oracle will be able to set up contracts with firms to
provide multiple scheduled pick-ups each day.
The Oracle will also serve non law firm customers who are in need of a courier service. In
addition to documents, the company can transport small parcels.
As a former practicing attorney, Alwy will be able to leverage his vast industry knowledge as
well as his network of colleagues to gain market share.
4.1 Market Segmentation
Two Wheeled Oracle will service two distinct groups. The first group is the main group of
customers: law firms. This will be the group that is targeted primarily. Law firms are constantly
in need of document delivery, whether it is to clients, other law firms, or to the court. This
regularity of needed delivery is the reason that law firms are targeted. Once a law firm has
become a satisfied customer, it is likely that they will begin to increase their delivery needs.
This then becomes a steady, high frequency, long-term customer. Law firms have constant
delivery activity, many firms require pick-ups throughout the day and require dependability,
which is one of The Oracle's competitive advantages.
The second customer group is assorted deliveries needed in the city. This could come from a
wide variety of businesses that require delivery within the city.
Page 5
Market Analysis
Year 1
Potential Customers
Growth
Law firms
Assorted customers
Other
Total
9%
6%
0%
6.15%
Year 2
Year 3
Year 4
Year 5
CAGR
287
5,487
0
5,774
313
5,816
0
6,129
341
6,165
0
6,506
372
6,535
0
6,907
405
6,927
0
7,332
8.99%
6.00%
0.00%
6.15%
Page 6
Page 7
Page 8
Sales Forecast
Year 1
Year 2
Year 3
$152,459
$20,841
$173,300
$255,458
$30,254
$285,712
$271,554
$35,125
$306,679
Year 1
$3,049
$417
$3,466
Year 2
$5,109
$605
$5,714
Year 3
$5,431
$703
$6,134
Sales
Law firms
Assorted customers
Total Sales
Direct Cost of Sales
Law firms
Assorted customers
Subtotal Direct Cost of Sales
Page 9
5.3 Milestones
The Oracle will have several milestones early on:
1. Business plan completion. This will be done as a roadmap for the organization. While we do
not need a business plan to raise capital, it will be an indispensable tool for the ongoing
performance and improvement of the company.
2. Set up office.
3. Hire and train staff.
Table: Milestones
Milestones
Milestone
Business plan completion
Set up office
Hire and train staff
Totals
Start Date
1/1/2001
1/1/2001
1/1/2001
End Date
2/1/2001
2/1/2001
2/1/2001
Budget
$0
$0
$0
$0
Manager
Laate
Laate
Laate
Department
Owner
Owner
Owner
Page 10
Personnel Plan
Alwy Laate
Dispatcher
Messenger
Messenger
Messenger
Messenger
Messenger
Messenger
Messenger
Total People
Total Payroll
Year 1
Year 2
Year 3
$36,000
$20,400
$17,280
$17,280
$17,280
$17,280
$17,280
$17,280
$17,280
0
$42,000
$20,400
$17,280
$17,280
$17,280
$17,280
$17,280
$17,280
$17,280
0
$48,000
$20,400
$17,280
$17,280
$17,280
$17,280
$17,280
$17,280
$17,280
0
$177,360
$183,360
$189,360
General Assumptions
Plan Month
Current Interest Rate
Long-term Interest Rate
Tax Rate
Other
Year 1
Year 2
Year 3
1
10.00%
10.00%
25.42%
0
2
10.00%
10.00%
25.00%
0
3
10.00%
10.00%
25.42%
0
Page 11
Break-even Analysis
Monthly Revenue Break-even
$19,155
Assumptions:
Average Percent Variable Cost
Estimated Monthly Fixed Cost
2%
$18,772
Page 12
Page 13
Page 14
Year 2
Year 3
Sales
Direct Cost of Sales
Other
Total Cost of Sales
$173,300
$3,466
$0
$3,466
$285,712
$5,714
$0
$5,714
$306,679
$6,134
$0
$6,134
Gross Margin
Gross Margin %
$169,834
98.00%
$279,998
98.00%
$300,545
98.00%
Payroll
Sales and Marketing and Other Expenses
Depreciation
Cellular service
Utilities
Insurance
Rent
Payroll Taxes
Other
$177,360
$3,000
$1,500
$4,200
$1,200
$1,800
$9,600
$26,604
$0
$183,360
$3,000
$1,500
$4,200
$1,200
$1,800
$9,000
$27,504
$0
$189,360
$3,000
$1,500
$4,200
$1,200
$1,800
$9,000
$28,404
$0
$225,264
$231,564
$238,464
($55,430)
($53,930)
$4,517
$0
$48,434
$49,934
$3,596
$11,210
$62,081
$63,581
$2,546
$15,132
Net Profit
Net Profit/Sales
($59,947)
-34.59%
$33,629
11.77%
$44,404
14.48%
Expenses
Page 15
Chart: Cash
Page 16
Year 2
Year 3
$43,325
$96,883
$140,208
$71,428
$192,819
$264,247
$76,670
$226,006
$302,675
$0
$0
$0
$0
$0
$0
$0
$140,208
$0
$0
$0
$0
$0
$0
$0
$264,247
$0
$0
$0
$0
$0
$0
$0
$302,675
Year 1
Year 2
Year 3
$177,360
$49,882
$227,242
$183,360
$66,203
$249,563
$189,360
$71,071
$260,431
$0
$0
$0
$9,055
$0
$0
$0
$236,297
$0
$0
$0
$9,976
$0
$0
$0
$259,539
$0
$0
$0
$11,026
$0
$0
$0
$271,457
($96,089)
$5,111
$4,707
$9,818
$31,218
$41,036
Cash Received
Cash from Operations
Cash Sales
Cash from Receivables
Subtotal Cash from Operations
Additional Cash Received
Sales Tax, VAT, HST/GST Received
New Current Borrowing
New Other Liabilities (interest-free)
New Long-term Liabilities
Sales of Other Current Assets
Sales of Long-term Assets
New Investment Received
Subtotal Cash Received
Expenditures
Expenditures from Operations
Cash Spending
Bill Payments
Subtotal Spent on Operations
Additional Cash Spent
Page 17
Year 2
Year 3
$5,111
$33,092
$0
$38,203
$9,818
$54,557
$0
$64,375
$41,036
$58,561
$0
$99,597
$7,500
$1,500
$6,000
$44,203
$7,500
$3,000
$4,500
$68,875
$7,500
$4,500
$3,000
$102,597
Year 1
Year 2
Year 3
$4,505
$0
$0
$4,505
$5,525
$0
$0
$5,525
$5,870
$0
$0
$5,870
$40,945
$45,450
$30,969
$36,494
$19,942
$25,812
$60,000
($1,300)
($59,947)
($1,247)
$44,203
$60,000
($61,247)
$33,629
$32,382
$68,875
$60,000
($27,618)
$44,404
$76,785
$102,597
($1,247)
$32,382
$76,785
Assets
Current Assets
Cash
Accounts Receivable
Other Current Assets
Total Current Assets
Long-term Assets
Long-term Assets
Accumulated Depreciation
Total Long-term Assets
Total Assets
Liabilities and Capital
Current Liabilities
Accounts Payable
Current Borrowing
Other Current Liabilities
Subtotal Current Liabilities
Long-term Liabilities
Total Liabilities
Paid-in Capital
Retained Earnings
Earnings
Total Capital
Total Liabilities and Capital
Net Worth
Page 18
Ratio Analysis
Year 1
Year 2
Year 3
Industry Profile
n.a.
64.87%
7.34%
4.50%
Accounts Receivable
Other Current Assets
Total Current Assets
Long-term Assets
Total Assets
74.86%
0.00%
86.43%
13.57%
100.00%
79.21%
0.00%
93.47%
6.53%
100.00%
57.08%
0.00%
97.08%
2.92%
100.00%
27.40%
21.80%
50.30%
49.70%
100.00%
Current Liabilities
Long-term Liabilities
Total Liabilities
Net Worth
10.19%
92.63%
102.82%
-2.82%
8.02%
44.96%
52.99%
47.01%
5.72%
19.44%
25.16%
74.84%
29.80%
27.90%
57.70%
42.30%
100.00%
98.00%
132.59%
0.69%
-31.98%
100.00%
98.00%
86.23%
0.42%
16.95%
100.00%
98.00%
83.44%
0.39%
20.24%
100.00%
100.00%
79.50%
0.20%
1.30%
8.48
8.48
102.82%
4807.12%
-135.62%
11.65
11.65
52.99%
138.47%
65.10%
16.97
16.97
25.16%
77.54%
58.03%
1.64
1.43
57.70%
2.50%
5.90%
Sales Growth
Percent of Total Assets
Percent of Sales
Sales
Gross Margin
Selling, General & Administrative Expenses
Advertising Expenses
Profit Before Interest and Taxes
Main Ratios
Current
Quick
Total Debt to Total Assets
Pre-tax Return on Net Worth
Pre-tax Return on Assets
Additional Ratios
Year 1
Year 2
Year 3
-34.59%
0.00%
11.77%
103.85%
14.48%
57.83%
n.a
n.a
3.93
56
12.07
27
3.92
3.93
75
12.17
27
4.15
3.93
90
12.17
29
2.99
n.a
n.a
n.a
n.a
n.a
0.00
0.10
1.13
0.15
0.34
0.23
n.a
n.a
$33,698
-12.27
$58,850
13.47
$93,728
24.39
n.a
n.a
0.26
10%
1.13
0.00
0.24
8%
1.78
8.82
0.33
6%
6.99
3.99
n.a
n.a
n.a
n.a
Activity Ratios
Accounts Receivable Turnover
Collection Days
Accounts Payable Turnover
Payment Days
Total Asset Turnover
Debt Ratios
Debt to Net Worth
Current Liab. to Liab.
Liquidity Ratios
Net Working Capital
Interest Coverage
Additional Ratios
Assets to Sales
Current Debt/Total Assets
Acid Test
Sales/Net Worth
Page 19
Dividend Payout
0.00
0.00
0.00
n.a
Page 20
Appendix
Table: Sales Forecast
Sales Forecast
Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
$0
$0
$0
$3,525
$954
$4,479
$7,214
$1,245
$8,459
$8,600
$1,154
$9,754
$10,254
$1,547
$11,801
$11,458
$2,154
$13,612
$15,455
$2,658
$18,113
$17,458
$2,014
$19,472
$18,524
$2,147
$20,671
$19,874
$2,200
$22,074
$19,952
$2,314
$22,266
$20,145
$2,454
$22,599
Sales
Law firms
Assorted customers
Total Sales
Direct Cost of Sales
0%
0%
Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
Law firms
$0
$71
$144
$172
$205
$229
$309
$349
$370
$397
$399
$403
Assorted customers
$0
$19
$25
$23
$31
$43
$53
$40
$43
$44
$46
$49
$0
$90
$169
$195
$236
$272
$362
$389
$413
$441
$445
$452
Page 1
Appendix
Table: Personnel
Personnel Plan
Alwy Laate
Dispatcher
Messenger
Messenger
Messenger
Messenger
Messenger
Messenger
Messenger
Total People
Total Payroll
0%
0%
0%
0%
0%
0%
0%
0%
0%
Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
$3,000
$1,700
$1,440
$1,440
$1,440
$1,440
$1,440
$1,440
$1,440
0
$3,000
$1,700
$1,440
$1,440
$1,440
$1,440
$1,440
$1,440
$1,440
0
$3,000
$1,700
$1,440
$1,440
$1,440
$1,440
$1,440
$1,440
$1,440
0
$3,000
$1,700
$1,440
$1,440
$1,440
$1,440
$1,440
$1,440
$1,440
0
$3,000
$1,700
$1,440
$1,440
$1,440
$1,440
$1,440
$1,440
$1,440
0
$3,000
$1,700
$1,440
$1,440
$1,440
$1,440
$1,440
$1,440
$1,440
0
$3,000
$1,700
$1,440
$1,440
$1,440
$1,440
$1,440
$1,440
$1,440
0
$3,000
$1,700
$1,440
$1,440
$1,440
$1,440
$1,440
$1,440
$1,440
0
$3,000
$1,700
$1,440
$1,440
$1,440
$1,440
$1,440
$1,440
$1,440
0
$3,000
$1,700
$1,440
$1,440
$1,440
$1,440
$1,440
$1,440
$1,440
0
$3,000
$1,700
$1,440
$1,440
$1,440
$1,440
$1,440
$1,440
$1,440
0
$3,000
$1,700
$1,440
$1,440
$1,440
$1,440
$1,440
$1,440
$1,440
0
$14,780
$14,780
$14,780
$14,780
$14,780
$14,780
$14,780
$14,780
$14,780
$14,780
$14,780
$14,780
Page 2
Appendix
Table: General Assumptions
General Assumptions
Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
10
11
12
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
Tax Rate
30.00%
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
Plan Month
Other
Month 12
Page 3
Appendix
Table: Profit and Loss
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
Sales
$0
$4,479
$8,459
$9,754
$11,801
$13,612
$18,113
$19,472
$20,671
$22,074
$22,266
$22,599
$0
$90
$169
$195
$236
$272
$362
$389
$413
$441
$445
$452
Other
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$90
$169
$195
$236
$272
$362
$389
$413
$441
$445
$452
Gross Margin
Gross Margin %
$0
$4,389
$8,290
$9,559
$11,565
$13,340
$17,751
$19,083
$20,258
$21,633
$21,821
$22,147
0.00%
98.00%
98.00%
98.00%
98.00%
98.00%
98.00%
98.00%
98.00%
98.00%
98.00%
98.00%
Expenses
Payroll
$14,780
$14,780
$14,780
$14,780
$14,780
$14,780
$14,780
$14,780
$14,780
$14,780
$14,780
$14,780
$250
$250
$250
$250
$250
$250
$250
$250
$250
$250
$250
$250
$125
$125
$125
$125
$125
$125
$125
$125
$125
$125
$125
$125
Cellular service
$350
$350
$350
$350
$350
$350
$350
$350
$350
$350
$350
$350
Utilities
$100
$100
$100
$100
$100
$100
$100
$100
$100
$100
$100
$100
Insurance
$150
$150
$150
$150
$150
$150
$150
$150
$150
$150
$150
$150
Rent
$800
$800
$800
$800
$800
$800
$800
$800
$800
$800
$800
$800
$2,217
$0
$2,217
$0
$2,217
$0
$2,217
$0
$2,217
$0
$2,217
$0
$2,217
$0
$2,217
$0
$2,217
$0
$2,217
$0
$2,217
$0
$2,217
$0
$18,772
$18,772
$18,772
$18,772
$18,772
$18,772
$18,772
$18,772
$18,772
$18,772
$18,772
$18,772
($18,772)
($14,383)
($10,482)
($9,213)
($7,207)
($5,432)
($1,021)
$311
$1,486
$2,861
$3,049
$3,375
EBITDA
($18,647)
($14,258)
($10,357)
($9,088)
($7,082)
($5,307)
($896)
$436
$1,611
$2,986
$3,174
$3,500
$411
$405
$399
$392
$386
$380
$374
$367
$361
$354
$348
$341
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Payroll Taxes
Other
Total Operating Expenses
Interest Expense
Taxes Incurred
Net Profit
Net Profit/Sales
15%
($19,183)
($14,787)
($10,881)
($9,605)
($7,593)
($5,812)
($1,395)
($57)
$1,125
$2,506
$2,701
$3,034
0.00%
-330.14%
-128.63%
-98.48%
-64.34%
-42.70%
-7.70%
-0.29%
5.44%
11.35%
12.13%
13.42%
Page 4
Appendix
Table: Cash Flow
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
Cash Sales
$0
$1,120
$2,115
$2,439
$2,950
$3,403
$4,528
$4,868
$5,168
$5,519
$5,567
$5,650
$0
$0
$112
$3,459
$6,377
$7,367
$8,896
$10,322
$13,619
$14,634
$15,538
$16,560
$0
$1,120
$2,227
$5,897
$9,327
$10,770
$13,424
$15,190
$18,786
$20,152
$21,105
$22,210
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$1,120
$2,227
$5,897
$9,327
$10,770
$13,424
$15,190
$18,786
$20,152
$21,105
$22,210
Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
$14,780
$14,780
$14,780
$14,780
$14,780
$14,780
$14,780
$14,780
$14,780
$14,780
$14,780
$14,780
$143
$4,280
$4,364
$4,435
$4,456
$4,490
$4,522
$4,604
$4,624
$4,642
$4,663
$4,660
$14,923
$19,060
$19,144
$19,215
$19,236
$19,270
$19,302
$19,384
$19,404
$19,422
$19,443
$19,440
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$720
$726
$732
$739
$745
$751
$757
$764
$770
$777
$783
$790
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Dividends
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$15,643
$19,787
$19,876
$19,954
$19,980
$20,021
$20,059
$20,147
$20,174
$20,199
$20,226
$20,230
($15,643)
($18,667)
($17,649)
($14,057)
($10,654)
($9,252)
($6,635)
($4,958)
($1,388)
($46)
$879
$1,980
Cash Received
Cash from Operations
Expenditures
0.00%
Page 5
Appendix
Cash Balance
$85,557
$66,890
$49,241
$35,184
$24,530
$15,279
$8,644
$3,686
$2,298
$2,252
$3,131
$5,111
Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
$101,200
$0
$0
$101,200
$85,557
$0
$0
$85,557
$66,890
$3,359
$0
$70,249
$49,241
$9,592
$0
$58,832
$35,184
$13,448
$0
$48,632
$24,530
$15,922
$0
$40,453
$15,279
$18,765
$0
$34,043
$8,644
$23,453
$0
$32,097
$3,686
$27,736
$0
$31,422
$2,298
$29,620
$0
$31,918
$2,252
$31,542
$0
$33,794
$3,131
$32,703
$0
$35,834
$5,111
$33,092
$0
$38,203
$7,500
$0
$7,500
$108,700
$7,500
$125
$7,375
$92,932
$7,500
$250
$7,250
$77,499
$7,500
$375
$7,125
$65,957
$7,500
$500
$7,000
$55,632
$7,500
$625
$6,875
$47,328
$7,500
$750
$6,750
$40,793
$7,500
$875
$6,625
$38,722
$7,500
$1,000
$6,500
$37,922
$7,500
$1,125
$6,375
$38,293
$7,500
$1,250
$6,250
$40,044
$7,500
$1,375
$6,125
$41,959
$7,500
$1,500
$6,000
$44,203
Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
$0
$0
$0
$0
$4,135
$0
$0
$4,135
$4,216
$0
$0
$4,216
$4,287
$0
$0
$4,287
$4,306
$0
$0
$4,306
$4,340
$0
$0
$4,340
$4,368
$0
$0
$4,368
$4,449
$0
$0
$4,449
$4,470
$0
$0
$4,470
$4,487
$0
$0
$4,487
$4,507
$0
$0
$4,507
$4,505
$0
$0
$4,505
$4,505
$0
$0
$4,505
$50,000
$50,000
$49,280
$53,415
$48,553
$52,769
$47,821
$52,108
$47,082
$51,388
$46,337
$50,677
$45,586
$49,955
$44,829
$49,278
$44,065
$48,534
$43,295
$47,781
$42,518
$47,025
$41,735
$46,240
$40,945
$45,450
$60,000
($1,300)
$0
$58,700
$108,700
$60,000
($1,300)
($19,183)
$39,517
$92,932
$60,000
($1,300)
($33,970)
$24,730
$77,499
$60,000
($1,300)
($44,851)
$13,849
$65,957
$60,000
($1,300)
($54,456)
$4,244
$55,632
$60,000
($1,300)
($62,049)
($3,349)
$47,328
$60,000
($1,300)
($67,861)
($9,161)
$40,793
$60,000
($1,300)
($69,256)
($10,556)
$38,722
$60,000
($1,300)
($69,313)
($10,613)
$37,922
$60,000
($1,300)
($68,188)
($9,488)
$38,293
$60,000
($1,300)
($65,682)
($6,982)
$40,044
$60,000
($1,300)
($62,981)
($4,281)
$41,959
$60,000
($1,300)
($59,947)
($1,247)
$44,203
$58,700
$39,517
$24,730
$13,849
$4,244
($3,349)
($9,161)
($10,556)
($10,613)
($9,488)
($6,982)
($4,281)
($1,247)
Starting Balances
Current Assets
Cash
Accounts Receivable
Other Current Assets
Total Current Assets
Long-term Assets
Long-term Assets
Accumulated Depreciation
Total Long-term Assets
Total Assets
Liabilities and Capital
Current Liabilities
Accounts Payable
Current Borrowing
Other Current Liabilities
Subtotal Current Liabilities
Long-term Liabilities
Total Liabilities
Paid-in Capital
Retained Earnings
Earnings
Total Capital
Total Liabilities and Capital
Net Worth
Page 6