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CONSOLIDATED BALANCE SHEET <br /> <br />SOUTHEASTERN PRINTING COMPANY, INC. AND SUBSIDIARY <br /> <br />December 31, 2018 <br />(See Independent Accountant's Review Report) <br /> <br /> <br />See accompanying notes to consolidated financial statements <br /> <br />- 2 - <br />CURRENT ASSETS <br />Cash and cash equivalents 435,417$ <br />Receivables - NOTE C 5,665,617 <br />Inventories - NOTE D 1,447,519 <br />Prepaid expenses 240,815 <br />TOTAL CURRENT ASSETS 7,789,368 <br />PROPERTY AND EQUIPMENT - NOTE E 7,275,181 <br />OTHER ASSETS - NOTE G 307,594 <br />DERIVATIVE UNDER INTEREST RATE SWAP - NOTE L 19,080 <br />15,391,223$ <br />LIABILITIES AND STOCKHOLDER'S EQUITY <br />CURRENT LIABILITIES <br />Accounts payable 1,545,442$ <br />Accrued expenses 1,069,547 <br />Customer deposits 548,699 <br />Current portion of long-term debt - NOTE I 410,904 <br />TOTAL CURRENT LIABILITIES 3,574,592 <br />LONG-TERM DEBT - NOTE I 3,285,394 <br />STOCKHOLDER'S EQUITY - NOTE J <br />Common stock - $.10 par value: Authorized 10,000 shares; <br />issued and outstanding 1,232 shares 123 <br />Additional paid-in capital 3,214,539 <br />Retained earnings 5,297,495 <br />Accumulated other comprehensive income 19,080 <br />TOTAL STOCKHOLDER'S EQUITY 8,531,237 <br />15,391,223$ <br /> <br />