WEST MOUNTAIN CONSTRUCTION BALANCE SHEET Current Last Year Year ASSETS CURRENT ASSETS Cash 32,387 34,826 Accounts Receivable-Trade 74,526 38,212 Accounts Receivable-Retention 6,888 4,235 Inventory 0 0 Costs and Profits in Excess of Billings 9,177 4,549 Notes Receivable 3,139 0 Prepaid Expenses 735 1,061 Other Current Assets 3,114 1,119 Total Current Assets 129,966 84,002 FIXED AND OTHER ASSETS Construction Equipment 39,229 39,229 Trucks and Autos 8,981 8,981 Office Equipment 8,057 8,057 Total Fixed Assets 56,267 56,267 Less Acc. Depreciation 46,562 39,889 Net Fixed Assets 9,705 16,378 Other Assets 45,996 50,462 Total Assets 185,667 150,842 LIABILITIES Current Liabilities Accounts Payable-Trade 38,682 35,772 Accounts Payable-Retention 3,768 3,536 Billings in Excess of Costs and Profits 1,424 2,022 Notes Payable 4,022 5,791 Accrued Payables 4,574 2,254 Accrued Taxes 2,718 2.405 Accrued Vacation 606 308 Other Current Liabilities 6,605 5,330 Total Current Liabilities 62,399 57,418 Long-Term Liabilities 61,544 48,916 Total Liabilities 123,943 106,334 Owner's Equity Capital Stock 10,000 10,000 Retained Earnings 51,724 34,508 Current Period Net Income 0 0 Total Equity 61,724 44,508 Total Liabilities and Equity 185,667 150,842