MANCIL'S TRACTOR SERVICE, INC.
<br /> Balance Sheet(continued from previous page)
<br /> as of December 31, 2013
<br /> (With Comparative Totals as of December 31, 2012-Reviewed)
<br /> 2013 2012
<br /> (Audited) (Reviewed)
<br /> LIABILITIES AND STOCKHOLDER'S EQUITY:
<br /> Current liabilities
<br /> Trade accounts payable $ 2,560,743 $ 1,052,064
<br /> Billings in excess of cost and estimated
<br /> earnings on uncompleted contracts 432,124 32,365
<br /> Deposits - -
<br /> Accrued expenses 59,091 29,307
<br /> Line of credit-PNC Bank 43,771 147,809
<br /> Income taxes payable - 41,000
<br /> Notes payable-current portion 721,284 378,000
<br /> Total current liabilities 3,817,013 1,680,545
<br /> Non-current liabilities
<br /> Notes payable 1,330,928 1,039,063
<br /> Total non-current liabilities 1,330,928 1,039,063
<br /> Total liabilities 5,147,941 2,719,608
<br /> Stockholder's equity
<br /> Common stock, $1.00 par value, 5,000 shares
<br /> authorized and 100 shares issued 100 100
<br /> Retained earnings 2,822,829 2,518,517
<br /> Total stockholder's equity 2,822,929 2,518,617
<br /> Total liabilities and stockholder's equity $ 7,970,870 $ 5,238,225
<br /> See auditor's report.and accompanying notes
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