2016 2015
Assets:
Total Assets 2,213,272.90$ 2,374,334.00$
Liablilities:
Accounts Payable 280,000.00$ 100,000.00$
Total Current Liabilities 280,000.00$ 100,000.00$
Long Term Debt 760,805.00$ 884,447.00$
Total Liabilities 1,040,805.00$ 984,447.00$
Owners Equity:
Total Equity 1,172,467.90$ 1,389,887.00$
Total Liabilities and Equity 2,213,272.90$ 2,374,334.00$
Columbia Destroyers
Balance Sheet, December 31 2016 & 2015
2016 2015
Total Revenues 1,272,375.00$ 1,384,000.00$
Operating Expenses:
Player Salary 201,825.00$ 195,000.00$
Football Operations 459,700.00$ 459,700.00$
Business Operations 669,545.00$ 597,000.00$
Ticket Tax 60,937.50$ 65,000.00$
Rent 54,155.00$ 64,155.00$
Total Operating Expenses 1,446,162.50$ 1,380,855.00$
Operating Income (Loss) (173,787.50)$ 3,145.00$
Amortization of Franchise 66,666.67$ 66,666.67$
Interest expense 61,911.00$ 70,000.00$
Net income (loss) (217,419.10)$ (110,113.00)$
Columbia Destroyers
Income Statement, 2016 & 2015
Balance of Retained Earnings, 12/31/15 (110,113.00)$
Add: Net Income (217,419.10)$
Less: Dividends Paid $0
Balance of Retained Earnings, 12/31/16 (327,532.10)$
Net Income (217,419.10)$
For the Year Ended December 31, 2016
Columbia Destroyers
Cash Flow from Investing Activities
Acquisitions of Property, Plant, Equiptment (50,000.00)$
Cash Provided by Investing Activities (50,000.00)$
Cash Flow from Financing Activities
Increase (decrease) in Long Term Debt (123,642.00)$
Columbia Destroyers
Statement of Retained Earnings
For the Year Ended December 31, 2016
Equity Accounts Payable Accounts Receivable Retained Earnings Club Value
N
1,500,000.00$
R
100,000.00$
Q
8,000.00$ (110,113.00)$
A
1,000,000.00$
1,500,000.00$ 100,000.00$ 8,000.00$ (110,113.00)$ 1,000,000.00$
B
K
N
Q
K
M
E
F
E
F
G
P
G
R
P
A
D
H
T
H
D
1,233,000.67$
64,155.00$ 250,000.00$
Accumulated Dep. Depreciation Income Tax Interest Expense Amortization
O
50,000.00$
O
50,000.00$
T
(73,408.67)$
C
70,000.00$ S 66,666.67$
180,000.00$ 5,000.00$ (217,419.10)$
609,375.00$ 131,250.00$ 48,000.00$ 400,000.00$ 78,750.00$
614,375.00$ 131,250.00$ 48,000.00$ 400,000.00$ 78,750.00$
201,825.00$ 459,700.00$ 489,545.00$ 60,937.50$ 884,447.00$
201,825.00$ 459,700.00$ 669,545.00$ 60,937.50$ 760,805.00$
Rent Equipment
54,155.00$ 250,000.00$
50,000.00$
54,155.00$ 300,000.00$
50,000.00$ 60,000.00$ (144,946.07)$ 61,911.00$ 66,666.67$
60,000.00$
110,000.00$ 60,000.00$ (144,946.07)$ 61,911.00$ 66,666.67$