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Johnson -Davis, Incorporated <br />Balance Sheet <br />- June 30, 2017 <br />is <br />Liabilities <br />Current Liabilities: <br />Accounts payable <br />$ 1,625,086 <br />Accrued expenses <br />1,925,011 <br />Current portion of debt <br />687,397 <br />Current portion of deferred tax liability <br />175,900 <br />Billings in excess of costs and estimated earnings <br />on uncompleted contracts <br />1,223,289. <br />Income tax payable <br />229,145 <br />Total current liabilities <br />5,865,828 <br />Long term liabilities <br />Deferred tax liability, less current portion <br />577,400 <br />Debt, less current portion <br />1,067,374 <br />Total longterm liabilities <br />1,644,774 <br />Total liabilities <br />7,510,602 <br />Stockholders' Equity: <br />Capital stock, 500 shares of $1 par value common stock <br />authorized, 100 shares issued and 81.69 shares outstanding <br />$ 100 <br />Paid in capital <br />11,737 <br />Treasury Stock, 18.31 shares, at cost <br />(1,337,907) <br />Retained earnings <br />112,322,119 <br />10,996,049 <br />Total liabilities and stockholders' equity <br />$ 18,506,651 <br />