|
MANCIL'S TRACTOR SERVICE, INC.
<br /> Balance Sheet
<br /> as of December 31, 2013
<br /> (With Comparative Totals as of December 31, 2012-Reviewed)
<br /> 2013 2012
<br /> (Audited) (Reviewed)
<br /> ASSETS:
<br /> Current assets
<br /> Cash and cash equivalents $ 436,451 $ 667,993
<br /> Equipment deposits - 20,000
<br /> Prepaid expenses 1,382 19,988
<br /> Inventory 6,000 -
<br /> Contracts receivable,net 4,554,522 2,069,118
<br /> Costs and estimated earnings in excess of
<br /> billings on uncompleted contracts 327,846 37,992
<br /> Other notes receivable 1,067 3,163
<br /> Total current assets 5,327,268 2,818,254
<br /> Fixed assets
<br /> Transportation equipment 2,095,518 1,563,367
<br /> Office furniture and fixtures 25,300 25,300
<br /> Machinery and equipment 3,793,089 3,263,214
<br /> Buildings 189,214 189,214
<br /> Leasehold improvements 80,599 80,599
<br /> Land 187,104 180,019
<br /> Total fixed assets 6,370,824 5,301,713
<br /> Less:-accumulated depreciation 3,728,652 2,994,164
<br /> Net fixed assets 2,642,172 2,307,549
<br /> Other assets
<br /> Deposits 234 -
<br /> Loans to stockholders - 111,061
<br /> Loan costs 1,545 1,545
<br /> Less: accumulated amortization
<br /> (349) (184)
<br /> Total other assets 1,430 112,422
<br /> Total assets $ 7,970,870 $ 5,238,225
<br /> (continued on next page)
<br /> See auditor's report and accompanying notes
<br /> -3 -
<br />
|