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Sample Financial Statement

DTPPIN' DOTS FRANCHISING. INC.

FINANCIAL STATEMENTS

For the Years Ended December 31, 2005 and 2004

TABLE OF CONTENTS

Page

INDEPENDENT AUDITOR'S REPORT...................................................................................           )

FINANCIAL STATEMENTS

Balance Sheets...................................................................................................................          2

Income Statements............................................................................................................          3

Statements of Changes ir Siocliholdsrs Equity................................................................          4

Statements of Cash Flows.................................................................................................           5

NOTES TO FINANCIAL STATEMENTS.................................................................................          6

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Blythe. White & Associates

CPAs Business &. Financial Advisors

2660 West Park Drive

Paducan, Kentucky 42001

Phone 270415.9945 * Fax 270.415.9946

,

INDEPENDENT AUDITOR'S REPORT

To the Board of Directors

of Dipphr Dots Franchising, Inc.

Paducan. Kentucky

We have audited the accompanying balance sheets of Dippm" Dots Franchising. Inc. (an S corporation) as of December ?1, 2005 and 2004, and the related statements of income, changes in stockholder's equity, and cash flows for the years then ended. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audit.

"We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require thai we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting die amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the ■financial position of Dippin¹ Dots Franchising, Inc. as of December 31, 2005 and 2004. and the results of its operations and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United Slates of America.

Mfih, Mfe y-T^tttSfes

February 22. 2006

A Professional Limited Liability Company

The original file could not be completely converted to text. Below is an excerpt from the file. The original file can be downloaded at the link above.