XYZ Balance Sheet as of xx,xx,xxxx
   
Assets
Current Assets
Cash 5,000
Petty Cash 1,000
Accounts Receivable 10,000
Prepaid Expenses 2,000
Inventory 25,000
Supplies 1,000
Total Current Assets 44,000
   
Property & Equipment
Land 20,000
Buildings-Net 100,000
Vehicles-Net 15,000
Total Property & Equipment 135,000
   
Total Assets 179,000
   
Liabilities & Equity
   
Liabilities
Current Liabilities
Accounts Payable 10,000
Taxes Payable 3,000
Accrued Wages 2,000
Note Payable-Current 20,000
Total Current Liabilities 35,000
   
Long Term Liabilities
Note Payable-Long Term 70,000
   
Total Liabilities 105,000
   
Capital
Capital-Beginning 50,000
Net Income 24,000
Total Capital 74,000
   
Total Liabilities & Equity 179,000

Note: Profit or Loss was calculated using the Balance Sheet Equation
Assets=Liabilities + Owner's Capital (Beginning Capital +Profit/Loss)
179,000=105,000+50,000 + Profit/Loss
179,000-105,000-50,000 = Profit/Loss
24,000 = Profit/Loss