Pro Forma Balance Sheet
 
Assets                                                               
Short-term Assets 1997 1998 1999
Cash $13,466 $28,697 $57,847
Inventory $312 $458 $624
Other Short-term Assets $675 $675 $675
Total Short-term Assets $14,453 $29,830 $59,146
Long-term Assets
Long-term Assets $4,000 $4,000 $4,000
Accumulated Depreciation $2,196 $4,480 $6,855
Total Long-term Assets  $1,804 ($480) ($2,855)
Total Assets $16,257 $29,350 $56,291
Liabilities and Capital
1997 1998 1999
Accounts Payable $519 $776 $1,032
Current Borrowing $42,013 $42,013 $42,013
Other Short-term Liabilities $0 $0 $0
Subtotal Short-term Liabilities $42,532 $42,789 $43,045
Long-term Liabilities ($10,500) ($21,000) ($31,500)
Total Liabilities $32,032 $21,789 $11,545
Paid-in Capital $10,000 $10,000 $10,000
Retained Earnings ($36,010) ($25,775) ($2,439)
Earnings $10,235 $23,336 $37,184
Total Capital ($15,775) $7,561 $44,745
Total Liabilities and Capital $16,257 $29,350 $56,291
Net Worth ($15,775) $7,561 $44,745