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W&J CONSTRUCTION CORPORATION
<br />BALANCE SHEETS
<br />December 31,
<br />ASSETS
<br />CU RRENT ASSETS
<br />Cash and cash equivalents
<br />Restricted cash
<br />Contract receivables
<br />Cost and estimated earnings in excess of
<br />billings on uncompleted contracts
<br />Other current assets
<br />Total current assets
<br />PROPERTY AND EQUIPMENT, NET
<br />LIABILITIES AND STOCKHOLDERS' EQUITY
<br />CURRENT LIABILITIES
<br />Accounts payable
<br />Accrued expenses
<br />Billings in excess of costs and estimated
<br />earnings on uncompleted contracts
<br />Advances received on contracts
<br />Current portion of long-term debt
<br />Total current liabilities
<br />LONG-TERM LIABILITIES
<br />Long-term debt, net of current portion
<br />STOCKHOLDERS' EQUITY
<br />Common stock, 100 shares with no par value,
<br />authorized, issued, and outstanding
<br />Retained earnings
<br />2017
<br />2016
<br />$ 104,277 $
<br />1,648,760
<br />-
<br />281,477
<br />7,195, 804
<br />5,361,288
<br />78,479
<br />48,245
<br />15,200
<br />349
<br />71393,760
<br />7,340,119
<br />372,822
<br />318,476
<br />$ 7,766,582 $
<br />7,658,595
<br />$ 5,595,689 $ 4,461,574
<br />29,997 42,357
<br />1,304,198 955,579
<br />- 901,474
<br />13,471 22,057
<br />6,943, 345 6,383,041
<br />43,031 36,602
<br />2,900 2,900
<br />777,306 1,236,052
<br />780,206 1,238,952
<br />$ 7,766,582 $ 7,658,595
<br />3
<br />See accompanying notes and independent accountant's review report.
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