Bromley's Formal Wear
		Balance Sheet
		November 30
		


ASSETS


Cash                                    $196,040.89
Accounts Receivable                     $18,686.97
Furniture & Fixtures                    $47,000.00
Supplies                                $0.00
Other Assets                            $0.00
Equipment                               $3,800.00
Prepaid Insurance                       $0.00
Merchandise Inventory                   $50,502.92
Accum Depreciation Furniture            $375.00
Accum Depreciation Equipment            $116.12
TOTAL ASSETS                                      $315,539.66


LIABILITIES


Notes Payable                           $150,144.46
Accounts Payable                        $60,000.00
State Income Tax Payable                $0.00
Federal Income Tax Payable              $0.00
FICA Tax Payable                        $0.00
Medicare                                $0.00
Federal Unemployment Tax                $0.01
State Unemployment Tax payable          $0.00
State Training Tax                      $0.00
Sales Tax Payable                       $1,384.22
State Disability Tax Payable            $0.00
TOTAL LIABILITIES                                 $211,528.69


STOCKHOLDERS' EQUITY


Capital Stock                           $85,000.00
RETAINED EARNINGS                       $19,010.97
TOTAL STOCKHOLDERS' EQUITY                         $104,010.97
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY           $315,539.66