Division A
Statement of Financial Condition
30-Jun-02
Assets
Current Assets
Cash	$30,850.00
Receivables	$130,625.00
Inventory	$110,000.00
Total Current Assets		$271,475.00
Property, Plant, Equipment	$203,500.00
Total Assets		$474,975.00
Liabilities and Shareholders' Equity
Current Liabilities
Income Tax Payable	$11,000.00
Accounts Payable	$90,500.00
Total Current Liabilities:		$101,500.00
Total Long-Term Liabilities:
Notes Payable	$97,300.00
Total Liabilities		$198,800.00
Owner's Equity
Common Stock	$119,500.00
Retained Earnings	$156,675.00
Total Shareholders' Equity		$276,175.00
Total Liabilities and Shareholders' Equity		$474,975.00