Online Bookkeeping Service – Reports Completed by Integra Online Bookkeeping
	MISTY MOUNTAINS INC
	Balance Sheet Standard
	As of Jan 31 2010
	Description						31-Jan-10
	ASSETS
		Current Assets
			Chequing/Savings
				Chequing			-126,838.55
			Total Chequing/Savings				-126,838.55
			Accounts Receivable
				Accounts Receivable			18,269.13
			Total Accounts Receivable				18,269.13
			Other Current Assets
				Inventory Asset			27,507.60
			Total Other Current Assets				27,507.60
		Total Current Assets					-81,061.82
		Fixed Assets
			Property Plant & Equipment
				Computer Equipment
					Cost		5,940.00
				Total Computer Equipment			5,940.00
				Computer Software
					Cost		432.00
				Total Computer Software			432.00
				Vehicles
					Cost		6,480.00
				Total Vehicles			6,480.00
			Total Property Plant & Equipment				12,852.00
		Total Fixed Assets					12,852.00
	TOTAL ASSETS						-68,209.82
	LIABILITIES & EQUITY
		Liabilities
			Current Liabilities
				Accounts Payable
					Accounts Payable		29,838.47
				Total Accounts Payable			29,838.47
				Credit Cards
					Credit Cards
						MasterCard	6,865.32
						Visa	7,004.71
					Total Credit Cards		13,870.03
				Total Credit Cards			13,870.03
				Other Current Liabilities
					GST/HST Payable		2,907.90
					PST Payable		484.56
					Payroll Liabilities		8,009.71
				Total Other Current Liabilities			11,402.17
			Total Current Liabilities				55,110.67
			Long Term Liabilities
				Term Loan			99,650.00
			Total Long Term Liabilities				99,650.00
		Total Liabilities					154,760.67
		Equity
			Retained Earnings				-317,882.39
			Net Income				94,911.90
		Total Equity					-222,970.49
	TOTAL LIABILITIES & EQUITY						-68,209.82
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