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UNDERWATER ENGINEERING SERVICES, INC. <br />CONTENTS <br />Pace <br />Independent Auditors' Report 1-2 <br />Financial Statements <br />Balance Sheets at December 31, 2017 and 2016 3 <br />Statements of Income for the Years Ended <br />December 31, 2017 and 2016 4 <br />Statements of Changes in Stockholder's Equity <br />for the Years Ended December 31, 2017 and 2016 5 <br />Statements of Cash Flows for the Years Ended <br />December 31, 2017 and 2016 6 <br />Notes to Financial Statements 7-14 <br />