Professional Documents
Culture Documents
Income Statement
Sales 6,600,000
Earnings of affiliates (equity method) 150,000
Realized loss on sale of equipment -65,000
Realized gain on sale of investments 53,000
Interest and dividend revenue 15,000
Total revenues 6,753,000
12/31/2004 12/31/2003
Current Assets
Cash 2,261,000 2,850,000
Current Liabilities
Accounts Payable 347,000 650,000
Salaries Payable 18,000 21,000
Interest payable 156,000 55,000
Income Taxes Payable 45,000 32,000
Dividends Payable 128,000 60,000
694,000 818,000
Noncurrent Liabilities
Bonds Payable 7,000,000 4,000,000
Premium/Discount on Bonds Payable 642,000 656,000
Convertible Bonds Payable 1,500,000 3,000,000
Lease obligation 2,108,000 1,825,000
Asset retirement obligation 275,000 250,000
Deferred Income Taxes 122,000 75,000
Other long term liabilities 590,000 2,590,000
12,237,000 12,396,000
Stockholder's Equity
Common stock, $10 par 5,125,000 3,000,000
Additional paid in capital - common 3,525,000 1,600,000
Other paid in capital 13,000 0
Unrealized (gain)/loss AFS invest 27,000 -80,000
Treasury stock (at cost) -38,000 -10,000
Retained Earnings 4,712,000 6,149,000
13,364,000 10,659,000