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PROSHOT CONCRETE, INC. AND SUBSIDIARIES <br />CONSOLIDATED BALANCE SHEETS <br />DECEMBER 31, 2019 AND 2018 <br />LIABILITIES AND STOCKHOLDER'S EQUITY <br />CURRENT LIABILITIES <br />Cash overdraft <br />Line of credit <br />Accounts payable <br />Accrued expenses and amounts withheld <br />Billings in excess of costs and estimated earnings <br />Current maturities of long-term debt <br />Accrued loss on contracts in progress <br />Total current liabilities <br />LONG-TERM DEBT <br />2019 <br />2018 <br />$ 398,614 <br />$ 385,716 <br />1,731,537 <br />2,708,465 <br />615,087 <br />487,766 <br />424,991 <br />104,426 <br />167,633 <br />256,239 <br />487,681 <br />442,819 <br />144,691 <br />3,970,234 4,385,431 <br />2,016,306 1,415,431 <br />STOCKHOLDER'S EQUITY <br />Common stock, par value $0.01 per share; 1,000 shares <br />authorized, issued, and outstanding 10 10 <br />Additional paid -in capital 90 90 <br />Retained earnings 6,073,015 5,444,941 <br />Total stockholder's equity 6,073,115 5,445,041 <br />TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY $ 12,059,655 $ 11,245,903 <br />See notes to the consolidated financial statements. <br />4 <br />