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TIMOTHY ROSE CONTRACTING, INC. <br />DECEMBER 31, 2007 <br />CONTENTS <br />• • <br />Accountants' Report 1 <br />Financial Statements: <br />Balance Sheet 2 <br />Statement of Income <br />and Retained Earnings 3 <br />Statement of Cash Flows 4 <br />Notes to Financial Statement 5-9 <br />Supplementary Information: <br />Schedule of Cost of Revenues and <br />Schedule of General and <br />Administrative Expenses 10 <br />Schedule of Completed Contracts 11-12 <br />Schedule of Contracts in Progress 13 <br />Schedule of Total Revenues Earned and Costs 14 <br />