Frank is going to pursue additional financing from the local bank.


F11 $ fieA B C D E1 Frank’s Back to Main23 BALANCE SHEETS45December 31,6 20147 Assets (expand the list to include all assets)8 Current assets:9 Cash and cash equivalents $ 10,61010 Accounts receivable 13,64311 inventories 1,351 I ll12 Other 3,51413 Total current assets 72,513Property and equipment, net of accumulated depreciation14 of _ 3,01015 Total assets $ 112,243 15 17 Liabilities and stockholders’ equity {Nat needed for Part 1)18 Current liabilities: 19 Accounts payable 20 Accrued expenses 21 Other 22 Total current liabilities 23 Long-term debt 24 Total liabilities 25 Commitments and contingencies 25 Stockholders’ equity: 27 Money from Mom 81 Dad 23 Total stockholders’ equity 29 Total liabilities and stockholders’ equity30 31 32 33

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