2016 2015
Assets:
Cash 1,233,000.67$
Accounts Receivable 8,000.00$
Total Current Assets 1,241,000.67$
Total Assets 2,374,334.00$
Liablilities:
Accounts Payable 100,000.00$
Total Current Liabilities 100,000.00$
Total Liabilities 984,447.00$
Owners Equity:
Equity 1,500,000.00$
Retained Earnings (110,113.00)$
Total Equity 1,389,887.00$
Total Liabilities and Equity 2,374,334.00$
Columbia Destroyers
Balance Sheet, December 31 2016 & 2015
2016 2015
Revenues:
Ticket Sales 658,000.00$
Total Revenues 1,384,000.00$
Operating Expenses:
Player Salary 195,000.00$
Football Operations 459,700.00$
Business Operations 597,000.00$
Ticket Tax 65,000.00$
Rent 64,155.00$
Total Operating Expenses 1,380,855.00$
Operating Income (Loss) 3,145.00$
Depreciation
50,000.00$
Amortization of Franchise 66,666.67$
Interest expense 70,000.00$
Net income (loss) (110,113.00)$
Columbia Destroyers
Income Statement, 2016 & 2015
Balance of Retained Earnings, 12/31/15
Add: Net Income
Less: Dividends Paid
Balance of Retained Earnings, 12/31/16
Net Income
Cash Flow from Investing Activities
Acquisitions of Property, Plant, Equiptment
Cash Provided by Investing Activities
Cash Flow from Financing Activities
Increase (decrease) in Long Term Debt
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$
B
K
N
Q
K
M
E
(195,000.00)$
Player Salaries Football Ops Business Ops Ticket Tax Bank
F
(459,700.00)$
E
195,000.00$
F
459,700.00$
G
497,000.00$
P
65,000.00$ B 1,000,000.00$
G
(497,000.00)$
R
100,000.00$ C (115,553.00)$
P
(65,000.00)$
A
(1,000,000.00)$
D
(250,000.00)$
H
T
H
D
O
O
T
C
50,000.00$ 50,000.00$ (73,408.67)$ 70,000.00$ 66,666.67$