Adjustment Nos. 22 and 23 Column A Column B Column C Column D (C =D-A) Adjusted Test Year Historic Test Adjustment Pro Forma at Present Line Description Year Number Adjustment Rates (1) Total Revenues $ 159,919 S (2) Total Operating Expenses $ 126,956 (3) Depreciation 7,500 (4 General Taxes 1,800 5 Interest Expense 7.682 6 Total (2)+(3)+(4)+(5) = (6) 143,938 State Taxable Income (7) (Line 1 - Line 6) $ 15,981 State Income Tax @ 6%% (8 (Line (7) x 0.06) $ 959 (A22) $ Federal Taxable Income (9) (Line 7 - Line 8) $ 15,022 S Federal Income Tax @ (10) 219% (Line (9) x 0.21) $ 3.155 (A23) S * See Worksheet 3: Lines (3).(14),(15) and (15); Column D * Rate Base (Worksheet 2; Line (14); Column D) x 0.028 (weighted cost of debt from Worksheet 1) *This goes to Worksheet 3; Line 17; Column D This goes to Worksheet 3; Line 18; Column D