ABC Company, LLC Income Statement For the Year Ended December 31, 2016 (Actual Dollars) SALES $ 3,315,938 COST OF SALES GROSS PROFIT 640,652 OPERATING EXPENSES: Advertising Auto and Truck Expenses Bank Service Charges Credit Card Fees Depreciation Insurance Legal and Accounting Miscellaneous Payroll Taxes Rent Repairs and Maintenance Supplies Travel Utilities Wages Total Operating Expenses 5.264 3,686 3,158 16.621 8.436 24,511 15.943 10.963 29,931 36,000 34,370 35,748 7,071 28.338 199.537 $ OPERATING INCOME (LOSS) INTEREST EXPENSE 6,237 NET INCOME BEFORE TAXES S INCOME TAXES: (tax rate is 40%) Taxes NET INCOME ABC Company, LLC Balance Sheet As of December 31, 2016 (Actual Dollars) 2016 CURRENT ASSETS: Cash Marketable Securities Trade Accounts Receivable Inventory Total Current Assets 416.400 10.300 41 610 20.234 488 544 Other Assets 49,085 PROPERTY AND EQUIPMENT: Machinery and Equipment Less: Accumulated Depreciation Net Property and Equipment 937.100 199,912 737,188 TOTAL ASSETS 1,274,817 CURRENT LIABILITIES: Current Portion of Long-Term Debt Accounts Payable Credit Cards Payable Total Current Liabilities 10.000 104,850 35,007 149.857 LONG-TERM LIABILITIES Bond Series 1 3.50% Bond Series 2 5.50% Total Long-term Liabilities 8,000 74 842 82.842 TOTAL LIABILITIES 232.699 SHAREHOLDER'S EQUITY Retained earnings Common Stock: 500,000 shares outstanding 1,042,118 TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY $ 1.274,817 Note: 2015 was omitted from this statement ABC Company, LLC Statements of Shareholder's Equity For the Year Ended December 31, 2016 Actual Dollars $ 1,062,515 MEMBER'S EQUITY-BEGINNING (2016) Net Income: 2016 Year-end Quarterly Dividend 104.903 (125,000 MEMBER'S EQUITY-ENDING (2016) $ 1042418