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MANCIL ' S TRACTOR SERVICE , INC .
<br /> Income Statement
<br /> For the Periods Ended September 30 , 2011 and 2010
<br /> 9 Monihs_Ended 9 Months Ended
<br /> Sena 30 2011 /o Sen . 30 , 2010
<br /> Revenues
<br /> Income $ 6 , 408 , 239 . 73 99 . 89 $ 3 , 402 , 536 . 38 96 . 15
<br /> Increase/ (Decrease) in W-I-P 5 . 914 . 62 0 . 09 125 , 663 . 28 3 . 55
<br /> Income - Miscellaneous 0 . 00 0 . 00 (86 . 55) 0 . 00
<br /> Refunds (349 . 91 ) (0 . 01 ) 0 . 00 0 . 00
<br /> Income- Excise Tax Refunds 500 . 00 O . ol 0 . 00 0 . 00
<br /> Income-Miscellaneous 13095 . 78 0 . 02 0 . 00 0 . 00
<br /> Sales Tax Allowance 81 . 90 0. 00 93 . 13 0 . 00
<br /> Income - Fuel Tax Credits 0 . 00 0 . 00 10 457 , 00 0 . 30
<br /> Total Revenues 6 , 415 , 482 . 12 100 . 00 325387663 . 24 100 . 00
<br /> Cost of Sales
<br /> Fuel & Oil 500 , 983 . 13 7 . 81 252 , 501 . 60 7 . 14
<br /> Equipment Repairs & Mai -it . 3617153 . 09 5 . 63 120 , 282 . 33 3 . 40
<br /> Equipment Rental/Lease 128 , 885 . 28 2 , 01 603777 . 49 1 . 72
<br /> Materials 733 , 649 . 35 11 . 44 6832947 . 21 19 . 33
<br /> Subccntract Labor 1 , 179 , 423 . 58 18 . 38 116 , 004 . 16 3 . 28
<br /> Permits 141569 . 05 0 . 23 2 , 096 29 0 . 06
<br /> Leased Labor-Direct 9603783 . 47 14 . 98 926 , 475 . 70 20 . 10
<br /> Small "Dols 5 , 842 . 31 0 . 09 450 . 13 0 . 01
<br /> Fill 572147 . 67 0 . 89 573526 92 1 . 63
<br /> Asphalt 458 , 840 . 15 7 . 15 417 , 049 . 64 11 . 79
<br /> Miscellaneous COGS 17 , 743 . 36 0 . 28 78 , 620 53 2 . 22
<br /> Dump Fees /Trash Removal 47 , 923 . 97 0 . 75 27 , 994 . 52 0 . 79
<br /> Utilities (COGS) 359 , 023 . 29 5 . 60 330 , 217 . 93 9 . 33
<br /> Bond/Insurance (COGS ) 413499 . 19 0 . 65 4 . 551 . 00 0 . 13
<br /> Damages 23290 . 59 0 . 04 2 , 884 . 39 0 . 08
<br /> Total Cost of Sales 4 , 6691757 . 48 75 . 91 3 , 081 , 349 . 84 87 . 08
<br /> Gross Profit 175455724 . 64 24 . 09 457 , 313 . 40 12 . 92
<br /> Operating Expenses
<br /> Accounting & Legal 83670 . 00 0 . 14 63415 . 00 0 . 18
<br /> Aute & Truck Expense 25 , 637 . 69 0 . 40 16 , 380 . 63 0 . 46
<br /> Advertising Expense 73318 . 09 0 . 11 2 , 102 . 47 0 . 06
<br /> Bad Debt Expense 21 , 398 . 00 0 . 33 342277 . 65 0. 97
<br /> Bank Fees 2 , 043 . 35 0 . 03 1 , 211 . 51 0 . 03
<br /> Contract Labor 0 . 00 0 . 00 22 . 50 0 . 00
<br /> Depreciation Expense 316 , 707 . 84 4 . 94 328 , 788 . 72 9 . 29
<br /> Donations 71386 . 75 0 . 12 470 . 25 0 . 01
<br /> Dues & Subscriptions 2 , 226 . 00 0 . 03 21184 . 00 0 . 06
<br /> Leased Labor- Other 161 , 850 . 25 2 . 52 1359321 . 72 3 . 82
<br /> Leased Labor- Officer 703200 . 00 1 . 09 701200 . 00 1 . 98
<br /> Employee Expense 0 . 00 0 . 00 3 , 700 . 00 0 . 10
<br /> Entertainment & Meals 1 , 643 . 72 0 . 03 78 . 23 0 . 00
<br /> Staff Meals 0 . 00 0 . 00 63 . 31 0 . 00
<br /> See Accountants ' Compilation Report
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