ASSETS HOKIE CONTRACTORS BALANCE SHEET Current Last Year Year CURRENT ASSETS Cash $118,626 $78,470 Accounts receivable-trade 243,300 171,734 Accounts receivable-retention 12,905 12,929 Inventory Costs and profits in excess of billing 17,507 10,562 Notes receivable 6,441 Prepaid expenses 3,398 2,463 Other current assets 6,228 3,792 Total Current Assets 408,405 279,950 FIXED AND OTHER ASSETS Land 46,000 46,000 Buildings 60,006 60,006 Construction equipment 56,727 56,727 Trucks and autos 31,159 31,159 Office equipment 35,193 35,193 Total fixed assets 229,085 229,085 Less acc. depreciation 133,314 112,393 Net Fixed Assets 95,771 116,692 Other Assets 110,345 115,952 Total Assets 614,521 512,594 LIABILITIES CURRENT LIABILITIES Accounts payable-trade 191,046 142,789 Accounts payable-retention 14,945 10,159 Billings in excess of costs and profits 2,961 7,935 Notes payable 8,330 13,293 Accrued payables 9,278 11,394 Accrued taxes 6,294 4,985 Accrued vacation 1,960 1,802 Other current liabilities 16,973 23,863 Total current liabilities 251,787 216,220 Long-term liabilities 81,668 49,781 Total liabilities 333,455 266,001 OWNER'S EQUITY Capital stock 10,000 10,000 Retained earnings 271,066 236,593 Current period net income Total equity 281,066 246.593 Total liabilities and equity 614.521 512.594