Exhibit 1 Calculation of debt covenants NotesDebtEquityDebt to equity Per draft statement3,126,6752,862,5381.09 Unearned Revenue19,000(9,000) Sofa order2(13,100) Accounts payable- Lumber34,410 Bonus4(75,000) 3,140,0852,765,4381.14 Notes: 3. Record lumber purchase invoice. This increase liabilities 4. Bonus shall not be recorded to current year revenue. This decrease revenue.
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