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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 <br /> -4 - <br />