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R.J. SULLIVAN CORPORATION
<br />BALANCE SHEET
<br />DECEMBER 31, 2011
<br />ASSETS
<br />CURRENT ASSETS
<br />Cash and cash equivalents
<br />$
<br />Marketable securities
<br />$ 618,530
<br />Contract receivables, net, including
<br />944,644
<br />retainage receivable of $124,485
<br />102,760
<br />Costs and estimated earnings in excess of billings
<br />882,615
<br />Prepaid expenses
<br />81,765
<br />Loan receivable - other
<br />19,710
<br />TOTAL CURRENT ASSETS
<br />4,370
<br />Cash surrender value of life insurance
<br />2,551,634
<br />PROPERTY AND EQUIPMENT
<br />Machinery and equipment
<br />$
<br />Vehicles
<br />2,205,491
<br />Computer equipment
<br />172,30836,067
<br />102,760
<br />Less: accumulated depreciation
<br />2,413,866
<br />(2,277,520)
<br />STOCKHOLDER'S EQUITY
<br />136,346
<br />OTHER ASSETS
<br />Cash surrender value of life insurance
<br />Deposits
<br />620,945
<br />Retained earnings
<br />1,080
<br />Accumulated other comprehensive income
<br />622,025_
<br />TOTAL ASSETS
<br />$ 3,310,005
<br />LIABILITIES AND STOCKHOLDER'S EQUITY
<br />CURRENT LIABILITIES
<br />Accounts payable
<br />$
<br />Billings in excess of costs and estimated earnings
<br />664,924
<br />46,219
<br />Accrued expenses
<br />102,760
<br />TOTAL LIABILITIES
<br />813,903
<br />STOCKHOLDER'S EQUITY
<br />Common stock, par value $5 per share; 1,000 shares
<br />authorized, 100 shares issued and 27 outstanding
<br />Additional paid in capital
<br />500
<br />Retained earnings
<br />511,046
<br />Accumulated other comprehensive income
<br />7,285,058
<br />20,998
<br />Less: treasury stock, 73 shares, at cost
<br />7,817,602(5,321,500)
<br />TOTAL STOCKHOLDER'S EQUITY
<br />2,496,102
<br />TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY
<br />$ 3,310,005
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