May 31, 07
ASSETS
	Current Assets
		Checking/Savings
			Homestreet CD(2)		10,605.56
			Homestreet CD		10,334.63
			CD		0.67
			Checking		1,363.36
		Total Checking/Savings			22,304.22
		Accounts Receivable
			1200 · Accounts Receivable		1,622.59
		Total Accounts Receivable			1,622.59
	Total Current Assets				23,926.81
	Other Assets
		Office Equip & Programs			199.99
		Prepaid Insurance			3,676.00
	Total Other Assets				3,875.99
TOTAL ASSETS					27,802.80
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				2000 · *Accounts Payable	632.39
			Total Accounts Payable		632.39
		Total Current Liabilities			632.39
	Total Liabilities				632.39
	Equity
		3000 · Opening Bal Equity			128.12
		3900 · Retained Earnings			21,999.41
		Net Income			5,042.88
	Total Equity				27,170.41
TOTAL LIABILITIES & EQUITY					27,802.80