|
BARTH CONSTRUCTION, INC.
<br />STATEMENT OF EARNINGS
<br />FOR THE YEAR ENDED DECEMBER 31, 2021
<br />(WITH COMPARATIVE TOTALS FOR THE YEAR ENDED DECEMBER 31, 2020)
<br />CONTRACT REVENUE
<br />CONTRACT COSTS
<br />Gross profit
<br />OPERATING EXPENSES
<br />Payroll
<br />Taxes and licenses
<br />Equipment maintenance
<br />Profit sharing
<br />Professional fees
<br />Advertising and promotion
<br />Contributions
<br />Office
<br />Travel and entertainment
<br />Telephone and expense
<br />Warranty
<br />Small tools
<br />Depreciation
<br />Safety
<br />Dues and subscriptions
<br />Estimating
<br />Drug screening
<br />Insurance
<br />Total operating expenses
<br />Operating revenue before other expense
<br />OTHER REVENUE (EXPENSE)
<br />Overhead expense
<br />Tax exempt income
<br />Interest and dividends earned
<br />Discounts earned
<br />Total other revenue (expense)
<br />Net income before income taxes
<br />INCOME TAX BENEFIT (EXPENSE)
<br />Current payable expense
<br />Deferred tax benefit
<br />Total income expense
<br />Net income
<br />2021
<br />$
<br />4,584,370
<br />3,983,631
<br />600,739
<br />2020
<br />$ 6,590,841
<br />5,858,861
<br />731,980
<br />186,007
<br />118,763
<br />24,983
<br />21,868
<br />15,624
<br />12,200
<br />15,071
<br />8,530
<br />6,600
<br />8,470
<br />4,046
<br />3,727
<br />2,229
<br />4,209
<br />1,735
<br />5,808
<br />1,634
<br />197
<br />1,595
<br />495
<br />1,528
<br />665
<br />977
<br />159
<br />476
<br />24,750
<br />403
<br />178
<br />389
<br />399
<br />341
<br />899
<br />38
<br />75
<br />-
<br />9,818
<br />263,676
<br />221,210
<br />337,063
<br />510,770
<br />(210, 431)
<br />(150, 000)
<br />-
<br />60.585
<br />607
<br />3,629
<br />1,157
<br />3,723
<br />(208,667)
<br />(82,063)
<br />128,396
<br />428,707
<br />(7,599)
<br />(24,372)
<br />-
<br />367
<br />(7,599)
<br />(24, 005)
<br />$ 120,797 $
<br />404,702
<br />See Accompanying Notes to Financial Statements and Independent Accountants' Review Report.
<br />-3-
<br />
|