STATEMENT OF RETAINED EARNINGS

YG Rice Mill
Jan 1-Mar 31,2016
Initial Retained Earnings
Net Income
Dividends
Final Retained Earnings

1,406,000
-100000
1,306,000

BALANCE SHEET
YG Rice Mill
as of Mar 31, 2016
ASSETS
CURRENT ASSETS
Cash
Accounts Receivables
Supplies
Rice (Palay)
Gasoline
Sacks
Insurance
FIXED ASSETS
Equipment
Vehicle (Truck)
TOTAL ASSETS

83,000
400,000
600,000
800,000
10,000
8,000
5,000
60,000
20,000
1,986,000

1,986,000

LIABILITIES & EQUITY

CURRENT LIABILITIES
Accounts Payable
60,000
20,000
EQUITY
Capital Stock
700,000
Final Retained Earnings
1,306,000
Dividends
-100,000
TOTAL L & E
1,986,000

1,986,000