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CHATEAU AMERICANAYEAR-END WORKSHEET
12/31/201212-31-2011 12-31-2012
ACCT ACCOUNT POST CLOSING UNADJUSTED ADJUSTMENTS ADJUSTED INCOME BALANCENO. TITLE TRIAL BALANCE TRIAL BALANCE TRIAL BALANCE STATEMENT SHEET
Requirement Responses to Formula Auditing Questions#2 G30#4 value used in the4 formula is of the wrong data type and examine the value of the underlined ref
#5 a word is being used to multiply a number
#7 needs a formula#8 total commisions is based on all the values in the colum
#9 the cell was trying to multlply merlot by the number
Increase (decrease) in liabilities:Accounts payableAccrued expensesPayroll Taxes Withheld and PayableFederal Income Tax Payable
Net cash provided by operating activities
CASH FLOWS FROM INVESTING ACTIVITIESPurchase of fixed assets
Net cash used in investing activities
CASH FLOWS FROM FINANCING ACTIVITIESCash proceeds from mortgages payableCash proceeds from notes payable
Net cash provided by financing activities
NET INCREASE IN CASH
CASH - Beginning of year
CASH - End of year
CHATEAU AMERICANAStatement of Cash Flows
For the Year Ending 12-31-12
REVENUESalesLess: Sales Discount Sales Returns and AllowancesNET SALES
COST OF GOODS SOLD
GROSS MARGIN
OPERATING EXPENSES
Chateau AmericanaIncome Statement December 31, 2012
TOTAL OPERATING EXPENSE
INCOME FROM OPERATIONS
OTHER INCOME AND EXPENSES
INCOME (LOSS) BEFORE TAXES
FEDERAL INCOME TAX
NET INCOME (LOSS)
RETAINED EARNINGS - 12/31/2011
RETAINED EARNINGS - 12/31/2012
EARNINGS PER SHARE
Chateau AmericanaIncome Statement December 31, 2012
0.00
2011
ASSETS
CURRENT ASSETSCash & Cash EquivalentsAccounts Receivable 4,913,697.13 Less: Allowance for bad debts (97,459.89)InventoryPrepaid Expenses 84,636.54 Investments - Available for Sale 2,080,764.31 Total Current Assets $6,981,638.09
CURRENT LIABILITIESAccounts Payable $3,682,954.12 Accrued Expenses 568,998.06 Payroll Taxes Withheld and PayableFederal Income Tax PayableDividends Payable 0.00 Total Current Liabilities $4,251,952.18
STOCKHOLDERS' EQUITYCommon Stock $90,000.00 Additional Paid-In Capital in Excess of Par $3,567,265.00 Retained Earnings 22,064,134.78 Total Stockholder's Equity $25,721,399.78
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY $38,069,797.90
CHATEAU AMERICANABalance Sheet
For the Year Ending 12-31-2012
2012
Current Ratio
Inventory Turnover
Asset Turnover
Return on Equity
Debt-Equity Ratio
Times Interest Earned
CHATEAU AMERICANAFinancial Statement Analysis
For the Year Ended 12/31/2012
The Future Value of an Annuity
Interest RatePeriodAnnual DepositInitial DepositDeposit Type
4.5% 5.0% 5.5% 6.0% 6.5%-70000-80000-90000
-100000-110000-120000-130000
7.0%
Chateau AmericanaExpenses In Excess of $200,000For the Year Ending 12/31/2012
DATE EMPLOYEE NAME
EARNINGS
296-49-3438124-11-7755014-39-4215349-43-6417
EMPLOYEEID
PAYTYPE
REGULAR HOURS
PAYRATE
REGULAR PAY
EARNINGS DEDUCTIONS PAYMENT
OVERTIME HOURS
OVERTIME PAY
GROSS PAYG/L 40500
FICA & MEDICAREG/L 20600
FED. INC. TAXG/L 20300
NET PAYG/L 10100
PAYMENT
CK. NO.7111
SUBSPOSTREF
ID EMPLOYEE NAME FIT W/H296-49-3438 Anna C. Johnson S 1750.00 85.71124-11-7755 Jose G. Rodriquez S 2550.00 182.90014-39-4215 Thomas P. Bryan H 15.00 153.88349-43-6417 Robert T. Hissom H 14.25 158.30
PAYTYPE
REGULARPAY RATE
ACCT_TYPE ACCT_CODE ACCT_TITLE DEPT COST_CENTER601 - SALARIES 601000 Wages and Salaries MKTG TAYLOR601 - SALARIES 601000 Wages and Salaries MKTG TAYLOR601 - SALARIES 601000 Wages and Salaries MKTG TAYLOR601 - SALARIES 601000 Wages and Salaries MKTG TAYLOR601 - SALARIES 601000 Wages and Salaries MKTG TAYLOR601 - SALARIES 601000 Wages and Salaries MKTG TAYLOR601 - SALARIES 601000 Wages and Salaries MKTG TAYLOR601 - SALARIES 601000 Wages and Salaries MKTG TAYLOR601 - SALARIES 601000 Wages and Salaries MKTG TAYLOR601 - SALARIES 601000 Wages and Salaries MKTG TAYLOR601 - SALARIES 601000 Wages and Salaries MKTG TAYLOR601 - SALARIES 601000 Wages and Salaries MKTG TAYLOR601 - SALARIES 601000 Wages and Salaries MKTG DANIEL601 - SALARIES 601000 Wages and Salaries MKTG DANIEL601 - SALARIES 601000 Wages and Salaries ADMIN DANIEL601 - SALARIES 601000 Wages and Salaries ADMIN DANIEL601 - SALARIES 601000 Wages and Salaries ADMIN DANIEL601 - SALARIES 601000 Wages and Salaries ADMIN DANIEL601 - SALARIES 601000 Wages and Salaries ADMIN DANIEL601 - SALARIES 601000 Wages and Salaries ADMIN DANIEL601 - SALARIES 601000 Wages and Salaries ADMIN DANIEL601 - SALARIES 601000 Wages and Salaries ADMIN DANIEL601 - SALARIES 601000 Wages and Salaries ADMIN DANIEL601 - SALARIES 601000 Wages and Salaries ADMIN DANIEL601 - SALARIES 601000 Wages and Salaries MKTG CAMERON601 - SALARIES 601000 Wages and Salaries MKTG CAMERON601 - SALARIES 601000 Wages and Salaries MKTG CAMERON601 - SALARIES 601000 Wages and Salaries MKTG CAMERON601 - SALARIES 601000 Wages and Salaries MKTG CAMERON601 - SALARIES 601000 Wages and Salaries MKTG CAMERON601 - SALARIES 601000 Wages and Salaries MKTG CAMERON601 - SALARIES 601000 Wages and Salaries MKTG CAMERON601 - SALARIES 601000 Wages and Salaries MKTG CAMERON601 - SALARIES 601000 Wages and Salaries MKTG CAMERON601 - SALARIES 601000 Wages and Salaries MKTG CAMERON601 - SALARIES 601000 Wages and Salaries MKTG CAMERON601 - SALARIES 601000 Wages and Salaries OPS JACQUES601 - SALARIES 601000 Wages and Salaries OPS JACQUES601 - SALARIES 601000 Wages and Salaries OPS JACQUES601 - SALARIES 601000 Wages and Salaries OPS JACQUES601 - SALARIES 601000 Wages and Salaries OPS JACQUES601 - SALARIES 601000 Wages and Salaries OPS JACQUES601 - SALARIES 601000 Wages and Salaries OPS JACQUES601 - SALARIES 601000 Wages and Salaries OPS JACQUES601 - SALARIES 601000 Wages and Salaries OPS JACQUES601 - SALARIES 601000 Wages and Salaries OPS JACQUES601 - SALARIES 601000 Wages and Salaries OPS JACQUES601 - SALARIES 601000 Wages and Salaries OPS JACQUES601 - SALARIES 601000 Wages and Salaries OPS SAM601 - SALARIES 601000 Wages and Salaries OPS SAM601 - SALARIES 601000 Wages and Salaries OPS SAM601 - SALARIES 601000 Wages and Salaries OPS SAM601 - SALARIES 601000 Wages and Salaries OPS SAM601 - SALARIES 601000 Wages and Salaries OPS SAM601 - SALARIES 601000 Wages and Salaries OPS SAM601 - SALARIES 601000 Wages and Salaries OPS SAM
601 - SALARIES 601000 Wages and Salaries OPS SAM601 - SALARIES 601000 Wages and Salaries OPS SAM601 - SALARIES 601000 Wages and Salaries OPS SAM601 - SALARIES 601000 Wages and Salaries OPS SAM601 - SALARIES 601000 Wages and Salaries ADMIN ROB601 - SALARIES 601000 Wages and Salaries ADMIN ROB601 - SALARIES 601000 Wages and Salaries ADMIN ROB601 - SALARIES 601000 Wages and Salaries ADMIN ROB601 - SALARIES 601000 Wages and Salaries ADMIN ROB601 - SALARIES 601000 Wages and Salaries ADMIN ROB601 - SALARIES 601000 Wages and Salaries ADMIN ROB601 - SALARIES 601000 Wages and Salaries ADMIN ROB601 - SALARIES 601000 Wages and Salaries ADMIN ROB601 - SALARIES 601000 Wages and Salaries ADMIN ROB601 - SALARIES 601000 Wages and Salaries ADMIN ROB601 - SALARIES 601000 Wages and Salaries ADMIN ROB601 - SALARIES 601000 Wages and Salaries ADMIN EDWARD601 - SALARIES 601000 Wages and Salaries ADMIN EDWARD601 - SALARIES 601000 Wages and Salaries ADMIN EDWARD601 - SALARIES 601000 Wages and Salaries ADMIN EDWARD601 - SALARIES 601000 Wages and Salaries ADMIN EDWARD601 - SALARIES 601000 Wages and Salaries ADMIN EDWARD601 - SALARIES 601000 Wages and Salaries ADMIN EDWARD601 - SALARIES 601000 Wages and Salaries ADMIN EDWARD601 - SALARIES 601000 Wages and Salaries ADMIN EDWARD601 - SALARIES 601000 Wages and Salaries ADMIN EDWARD601 - SALARIES 601000 Wages and Salaries ADMIN EDWARD601 - SALARIES 601000 Wages and Salaries ADMIN EDWARD
602 - PAYROLL TAXES 602100 FICA Tax Expense ADMIN602 - PAYROLL TAXES 602100 FICA Tax Expense ADMIN602 - PAYROLL TAXES 602100 FICA Tax Expense ADMIN602 - PAYROLL TAXES 602100 FICA Tax Expense ADMIN602 - PAYROLL TAXES 602100 FICA Tax Expense ADMIN602 - PAYROLL TAXES 602100 FICA Tax Expense ADMIN602 - PAYROLL TAXES 602100 FICA Tax Expense ADMIN602 - PAYROLL TAXES 602100 FICA Tax Expense ADMIN602 - PAYROLL TAXES 602100 FICA Tax Expense ADMIN602 - PAYROLL TAXES 602100 FICA Tax Expense ADMIN602 - PAYROLL TAXES 602100 FICA Tax Expense ADMIN602 - PAYROLL TAXES 602100 FICA Tax Expense ADMIN602 - PAYROLL TAXES 602100 FICA Tax Expense MKTG602 - PAYROLL TAXES 602100 FICA Tax Expense MKTG602 - PAYROLL TAXES 602100 FICA Tax Expense MKTG602 - PAYROLL TAXES 602100 FICA Tax Expense MKTG602 - PAYROLL TAXES 602100 FICA Tax Expense MKTG602 - PAYROLL TAXES 602100 FICA Tax Expense MKTG602 - PAYROLL TAXES 602100 FICA Tax Expense MKTG602 - PAYROLL TAXES 602100 FICA Tax Expense MKTG602 - PAYROLL TAXES 602100 FICA Tax Expense MKTG602 - PAYROLL TAXES 602100 FICA Tax Expense MKTG602 - PAYROLL TAXES 602100 FICA Tax Expense MKTG602 - PAYROLL TAXES 602100 FICA Tax Expense MKTG602 - PAYROLL TAXES 602100 FICA Tax Expense OPS602 - PAYROLL TAXES 602100 FICA Tax Expense OPS602 - PAYROLL TAXES 602100 FICA Tax Expense OPS602 - PAYROLL TAXES 602100 FICA Tax Expense OPS602 - PAYROLL TAXES 602100 FICA Tax Expense OPS
602 - PAYROLL TAXES 602100 FICA Tax Expense OPS602 - PAYROLL TAXES 602100 FICA Tax Expense OPS602 - PAYROLL TAXES 602100 FICA Tax Expense OPS602 - PAYROLL TAXES 602100 FICA Tax Expense OPS602 - PAYROLL TAXES 602100 FICA Tax Expense OPS602 - PAYROLL TAXES 602100 FICA Tax Expense OPS602 - PAYROLL TAXES 602100 FICA Tax Expense OPS
710 - TAXES 711000 Federal Income Tax ADMIN710 - TAXES 711000 Federal Income Tax ADMIN710 - TAXES 711000 Federal Income Tax ADMIN710 - TAXES 711000 Federal Income Tax ADMIN710 - TAXES 711000 Federal Income Tax ADMIN710 - TAXES 711000 Federal Income Tax ADMIN710 - TAXES 711000 Federal Income Tax ADMIN710 - TAXES 711000 Federal Income Tax ADMIN710 - TAXES 711000 Federal Income Tax ADMIN710 - TAXES 711000 Federal Income Tax ADMIN710 - TAXES 711000 Federal Income Tax ADMIN710 - TAXES 711000 Federal Income Tax ADMIN
790 - OTHER OPERATING 791000 Bad Debt Expense ADMIN790 - OTHER OPERATING 791000 Bad Debt Expense ADMIN790 - OTHER OPERATING 791000 Bad Debt Expense ADMIN790 - OTHER OPERATING 791000 Bad Debt Expense ADMIN790 - OTHER OPERATING 791000 Bad Debt Expense ADMIN790 - OTHER OPERATING 791000 Bad Debt Expense ADMIN790 - OTHER OPERATING 791000 Bad Debt Expense ADMIN790 - OTHER OPERATING 791000 Bad Debt Expense ADMIN790 - OTHER OPERATING 791000 Bad Debt Expense ADMIN790 - OTHER OPERATING 791000 Bad Debt Expense ADMIN790 - OTHER OPERATING 791000 Bad Debt Expense ADMIN790 - OTHER OPERATING 791000 Bad Debt Expense ADMIN790 - OTHER OPERATING 792000 Miscellaneous Expense ADMIN790 - OTHER OPERATING 792000 Miscellaneous Expense ADMIN790 - OTHER OPERATING 792000 Miscellaneous Expense ADMIN790 - OTHER OPERATING 792000 Miscellaneous Expense ADMIN790 - OTHER OPERATING 792000 Miscellaneous Expense ADMIN790 - OTHER OPERATING 792000 Miscellaneous Expense ADMIN790 - OTHER OPERATING 792000 Miscellaneous Expense ADMIN790 - OTHER OPERATING 792000 Miscellaneous Expense ADMIN
790 - OTHER OPERATING 792000 Miscellaneous Expense ADMIN790 - OTHER OPERATING 792000 Miscellaneous Expense ADMIN790 - OTHER OPERATING 792000 Miscellaneous Expense ADMIN790 - OTHER OPERATING 792000 Miscellaneous Expense ADMIN790 - OTHER OPERATING 793000 Interest ADMIN790 - OTHER OPERATING 793000 Interest ADMIN790 - OTHER OPERATING 793000 Interest ADMIN790 - OTHER OPERATING 793000 Interest ADMIN790 - OTHER OPERATING 793000 Interest ADMIN790 - OTHER OPERATING 793000 Interest ADMIN790 - OTHER OPERATING 793000 Interest ADMIN790 - OTHER OPERATING 793000 Interest ADMIN790 - OTHER OPERATING 793000 Interest ADMIN790 - OTHER OPERATING 793000 Interest ADMIN790 - OTHER OPERATING 793000 Interest ADMIN790 - OTHER OPERATING 793000 Interest ADMIN
YR MON BUDGETREV_BUDGET EXPLANATIONS08 Jan 18000 1800008 Feb 18000 1800008 Mar 18000 1800008 Apr 18000 1800008 May 18000 1800008 Jun 18000 1800008 Jul 18000 1800008 Aug 18000 1800008 Sep 18000 1800008 Oct 18000 1800008 Nov 18000 1800008 Dec 18000 1800008 Jan 14000 1400008 Feb 14000 1400008 Mar 14000 1500008 Apr 14000 1500008 May 14000 1500008 Jun 14000 1500008 Jul 14000 1500008 Aug 14000 1500008 Sep 14000 1500008 Oct 14000 1500008 Nov 14000 1500008 Dec 14000 1500008 Jan 14000 1400008 Feb 14000 1400008 Mar 14000 1400008 Apr 14000 1400008 May 14000 1400008 Jun 14000 1500008 Jul 14000 1500008 Aug 14000 1500008 Sep 14000 1500008 Oct 14000 1500008 Nov 14000 1500008 Dec 14000 1500008 Jan 17000 1700008 Feb 17000 1700008 Mar 17000 1700008 Apr 17000 1700008 May 17000 1700008 Jun 17000 1700008 Jul 17000 1700008 Aug 17000 1700008 Sep 17000 1700008 Oct 17000 1700008 Nov 17000 1700008 Dec 17000 1700008 Jan 9000 900008 Feb 9000 900008 Mar 9000 900008 Apr 9000 900008 May 9000 900008 Jun 9000 900008 Jul 9000 900008 Aug 9000 9000
08 Sep 9000 900008 Oct 9000 900008 Nov 9000 900008 Dec 9000 900008 Jan 20000 2000008 Feb 20000 2000008 Mar 20000 2000008 Apr 20000 2000008 May 20000 2000008 Jun 20000 2000008 Jul 20000 2000008 Aug 20000 2000008 Sep 20000 2000008 Oct 20000 2000008 Nov 20000 2000008 Dec 20000 2000008 Jan 25000 2500008 Feb 25000 2500008 Mar 25000 2500008 Apr 25000 2500008 May 25000 2500008 Jun 25000 2500008 Jul 25000 2500008 Aug 25000 2500008 Sep 25000 2500008 Oct 25000 2500008 Nov 25000 2500008 Dec 25000 2500008 Jan 3443 344308 Feb 3443 344308 Mar 3443 344308 Apr 3251 325108 May 1339 133908 Jun 0 008 Jul 0 008 Aug 0 008 Sep 0 008 Oct 0 008 Nov 0 008 Dec 0 008 Jan 3519 351908 Feb 3519 351908 Mar 3519 351908 Apr 3519 351908 May 3519 351908 Jun 2716 271608 Jul 2066 206608 Aug 0 008 Sep 0 008 Oct 0 008 Nov 0 008 Dec 0 008 Jan 1989 198908 Feb 1989 198908 Mar 1989 198908 Apr 1989 198908 May 1989 1989
08 Jun 1645 164508 Jul 689 68908 Aug 689 68908 Sep 689 68908 Oct 689 68908 Nov 574 57408 Dec 0 008 Jan 29980 2998008 Feb 29980 2998008 Mar 29980 2998008 Apr 29980 2998008 May 29980 2998008 Jun 29980 2998008 Jul 29980 2998008 Aug 29980 2998008 Sep 29980 2998008 Oct 29980 2998008 Nov 29980 2998008 Dec 29980 2998008 Jan 13540 1354008 Feb 13540 1354008 Mar 13540 1354008 Apr 13540 1354008 May 13540 1354008 Jun 13540 1354008 Jul 13540 1354008 Aug 13540 1354008 Sep 13540 1354008 Oct 13540 1354008 Nov 13540 1354008 Dec 13540 1354008 Jan 20731 2073108 Feb 20731 2073108 Mar 20731 2073108 Apr 20731 2073108 May 20731 2073108 Jun 20731 2073108 Jul 20731 2073108 Aug 20731 2073108 Sep 20731 2073108 Oct 20731 2073108 Nov 20731 2073108 Dec 20731 2073108 Jan 12750 12750 San Francisco Chronicle Wine Competition08 Feb 15450 15450 Grand Harvest Awards08 Mar 57500 57500 Monterey International Wine Competition; Pacific Rim International Wine Competition08 Apr 18750 18750 Best of Bay Wine Competition and Zin Challenge08 May 75500 75500 San Francisco International Wine Competition; Critics Challenge International Wine Competition08 Jun 15600 15600 California Zinfandel Championship Competition08 Jul 13850 13850 Long Beach Grand Cru Wine Competition08 Aug 0 008 Sep 0 008 Oct 0 008 Nov 0 008 Dec 0 008 Jan 3125 312508 Feb 3125 3125
08 Mar 3125 312508 Apr 3125 312508 May 3125 312508 Jun 3125 312508 Jul 3125 312508 Aug 3125 312508 Sep 3125 312508 Oct 3125 312508 Nov 3125 312508 Dec 3125 312508 Jan 1750 175008 Feb 1750 175008 Mar 1750 175008 Apr 1750 175008 May 1750 175008 Jun 11500 11500 Set up b2b site08 Jul 1750 175008 Aug 1750 175008 Sep 1750 175008 Oct 1750 175008 Nov 1750 175008 Dec 1750 175008 Jan 650 65008 Feb 650 65008 Mar 650 65008 Apr 650 65008 May 650 65008 Jun 650 65008 Jul 650 65008 Aug 650 65008 Sep 650 65008 Oct 650 65008 Nov 650 65008 Dec 650 65008 Jan 1800 180008 Feb 1800 180008 Mar 1800 180008 Apr 1800 180008 May 1800 180008 Jun 1800 180008 Jul 1800 180008 Aug 1800 180008 Sep 1800 180008 Oct 1800 180008 Nov 1800 180008 Dec 1800 180008 Jan 48350 4835008 Feb 48350 4835008 Mar 48350 4835008 Apr 48350 4835008 May 48350 4835008 Jun 48350 4835008 Jul 48350 4835008 Aug 48350 4835008 Sep 48350 4835008 Oct 48350 4835008 Nov 48350 48350
08 Dec 48350 4835008 Jan 38460 3846008 Feb 38460 3846008 Mar 38460 3846008 Apr 38460 3846008 May 38460 3846008 Jun 38460 3846008 Jul 38460 3846008 Aug 38460 3846008 Sep 38460 3846008 Oct 38460 3846008 Nov 38460 3846008 Dec 38460 3846008 Jan 23120 2312008 Feb 23120 2312008 Mar 23120 2312008 Apr 23120 2312008 May 23120 2312008 Jun 23120 2312008 Jul 23120 2312008 Aug 23120 2312008 Sep 23120 2312008 Oct 23120 2312008 Nov 23120 2312008 Dec 23120 2312008 Jan 4995 499508 Feb 4995 499508 Mar 4995 499508 Apr 4995 499508 May 4995 499508 Jun 4995 499508 Jul 4995 499508 Aug 4995 499508 Sep 4995 499508 Oct 4995 499508 Nov 4995 499508 Dec 4995 499508 Jan 920 92008 Feb 920 92008 Mar 920 92008 Apr 920 92008 May 920 92008 Jun 920 92008 Jul 920 92008 Aug 920 92008 Sep 920 92008 Oct 920 92008 Nov 920 92008 Dec 920 92008 Jan 3050 305008 Feb 3050 305008 Mar 3050 305008 Apr 3050 305008 May 3050 305008 Jun 3050 305008 Jul 3050 305008 Aug 3050 3050
08 Sep 3050 305008 Oct 3050 305008 Nov 3050 305008 Dec 3050 305008 Jan 30000 3000008 Feb 30000 3000008 Mar 30000 3000008 Apr 30000 3000008 May 30000 3000008 Jun 30000 3000008 Jul 30000 3000008 Aug 30000 3000008 Sep 30000 3000008 Oct 30000 3000008 Nov 30000 3000008 Dec 30000 30000
San Francisco International Wine Competition; Critics Challenge International Wine Competition
210000 Accounts payable 3,682,954.12 222100 Federal income tax withheld 64,442.36 222200 FICA withheld 12,107.35 222300 Medicare withheld 2,831.56 223100 FICA payable - employer 12,107.35 223200 Medicare payable - employer 2,831.56 223300 Unemployment taxes payable 846.39 230000 Other accrued expenses 568,998.06 235000 Federal income taxes payable 157,448.31 236000 Property taxes payable 0.00 239000 Dividends payable240000 Mortgages payable 7,442,445.94 261000 Notes payable 654,000.00
STOCKHOLDERS' EQUITY310000 Common stock 90,000.00 311000 Paid-in capital in excess of par - common 3,567,265.00 312000 Dividends - common 0.00 390000 Retained earnings 22,064,134.78
REVENUE410000 Sales420000 Sales discounts430000 Sales returns and allowances491000 Dividend income492000 Interest income
COST OF GOODS SOLD510000 Cost of goods sold
EXPENSES601000 Wages and salaries expense601500 Sales commissions expense602100 FICA tax expense602200 Medicare tax expense602300 FUTA expense602400 SUTA expense611000 Utilities expense611300 Irrigation & waste disposal expense612000 Landscaping expense621000 Advertising expense623000 Marketing expense624000 Festivals & competitions expense631000 Telephone expense632000 Internet & computer expense633000 Postage & shipping expense641000 Legal & accounting fees643000 Other consulting fees651000 Office supplies expense660000 Data processing expense670000 Depreciation expense680000 Travel and entertainment expense691000 Other insurance expense692000 Medical insurance693000 Workmen's compensation insurance699000 Other employee benefits expense700000 Dues & subscriptions expense711000 Federal income tax expense712000 Property tax expense721000 Repairs and maintenance731000 Automobile expense740000 Lease expense791000 Bad debt expense792000 Miscellaneous expense793000 Interest expense
Sub-totals Net Income (Loss) TOTALS 52,560,702.98 52,560,702.98
ADJUSTED INCOME BALANCETRIAL BALANCE STATEMENT SHEET
CREDIT DEBIT CREDIT DEBIT CREDIT
0.00 0.00 0.00 0.00
0.00 0.00 0.00
NET SALES
TOTAL OPERATING EXPENSE
0.00
2011
ASSETS
CURRENT ASSETSCash & Cash EquivalentsAccounts Receivable 4,913,697.13 Less: Allowance for bad debts (97,459.89)InventoryPrepaid Expenses 84,636.54 Investments - Available for Sale 2,080,764.31 Total Current Assets $6,981,638.09
CURRENT LIABILITIESAccounts Payable $3,682,954.12 Accrued ExpensesPayroll Taxes Withheld and Payable 95,166.57 Federal Income Tax Payable 157,448.31 Total Current Liabilities $3,935,569.00
STOCKHOLDERS' EQUITYCommon Stock $90,000.00 Additional Paid-In Capital in Excess of Par $3,567,265.00 Retained Earnings 22,064,134.78 Total Stockholder's Equity $25,721,399.78
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY $37,753,414.72
CHATEAU AMERICANABalance Sheet
For the Year Ending 12-31-12
2012
CASH FLOWS FROM OPERATING ACTIVITIESNet incomeAdjustments from operating activities