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MANCIL'S TRACTOR SERVICE, INC. <br /> Statement of Income <br /> for the Year Ended December 31, 2013 <br /> (With Comparative Totals for the Year Ended December 31, 2012-Reviewed) <br /> 2013 2012 <br /> Audited (Reviewed) <br /> Income from operations: <br /> Construction revenues earned $ 17,463,790 $ 10,834,851 <br /> Cost of construction revenues earned 14,912,646 9,003,457 <br /> Grossrofit 2 551 144 1 831 394 <br /> p , <br /> Selling, general and administrative 1,843,372 1,259,963 <br /> Total income from operations 7075772 571,431 <br /> Other income and expenses: <br /> Interest income 1,848 2,158 <br /> Rebate income 2,855 2,983 <br /> Rental income 9,000 9,000 <br /> Other income 113 - <br /> Gain(loss) asset sales 29,478 61,822 <br /> Gain (loss) scrapped assets - (6,375) <br /> Interest expense (74,298) (61,367) <br /> Total other income and expenses (31,004) 85221 <br /> Net profit(loss) $ 676,768 $ 579;652 <br /> See auditor's report and accompanying notes <br /> - 5 - <br />