Scratchpad Normalizeed Income Statement 12/31/2XX1 12/31/2XX2 12/31/2XX3 12/31/2XX4 12/31/2XX5 Net Income (Loss) per books 296.904 296,962 295,658 297,973 297.607 Normalizing Adjustments Ben's Gasoline 8.190 7.911 8,765 9.155 9.334 Meals & Entertainment 3.944 4,123 3,899 4,087 4.170 Family Travel 8.990 9.012 8.899 9.455 9.250 Ben's Cell Phone 2.097 2,133 2.076 2,288 2,175 Personal Property Utilities 6.722 6.933 6.890 7,150 7,055 Total Normailization Adjustments 29.943 30,112 30,529 32,135 31 984 Normalized Earnings 326.847 327,074 326,187 330,108 329,591 Average Normalized Income 327,961