Baby Cakes International Inc Balance Sheet December 31, 2008 and 2007

Baby Cakes International Inc
Balance Sheet
December 31, 2008 and 2007
ASSETS
	December 31, 2008	December 31, 2007
Current Assets
Cash	$165,000	$126,000
Securities	398,000	254,000
A/R	199,000	165,000
Inventory	84,000	52,000
Prepaids	25,000	18,000
Total Current Assets	$871,000	$615,000

Long Term Investments	300,000	200,000
Plant Property and Equipment (net of depreciation)	1,040,000	760,000
Total Assets	$2,211,000	$1,575,000

LIABILITIES

Accounts Payable	$290,000	$250,000
Long Term Liabilities
Mortgage note payable , 8% due 2011	300,000
Bonds Payable, 12% due 2015	600,000	400,000
Total Long-term liabilities	$900,000	$400,000
Total Liabilities	$1,190,000	$650,000

Stockholders’ Equity

Preferred $6 stock, $100 par	$250,000	$200,000
Common Stock, $10 par	350,000	350,000
Retained Earnings	421,000	375,000
Total Stockholder’s Equity	$1,021,000	$925,000
Total liabilities and stockholders’ equity	$2,211,000	$1,575,000