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KERNS CONSTRUCTION AND PROPERTY MGMNT CORPO <br />BALANCE SHEET <br />December 31, 2014 <br />(Read Independent Accountants' Review Report) <br />ASSETS <br />CURRENT ASSETS <br />Cash $ 23,819 <br />Accounts Receivable 261,125 <br />Cost in Excess of Billings on Uncompleted Contracts 242,356 <br />TION <br />TOTAL CURRENT ASSETS 527,300 <br />PROPERTY, PLANT AND EQUIPMENT <br />Vehicles 21,010 <br />21,010 <br />Less Accumulated Depreciation (8,841) <br />NET PROPERTY, PLANT AND EQUIPMENT 12,169 <br />TOTAL, ASSETS $ 539,469 <br />LIABILITIES AND STOCKHOLDER'S EQUITY <br />CURRENT LIABILITIES <br />Accounts Payable <br />Line of Credit <br />Loans from Shareholder <br />TOTAL CURRENT LIABILITIES <br />313,636 <br />40,112 <br />13,239 <br />366,987 <br />STOCKHOLDER'S EQUITY <br />Common Stock - $1 Per Share. <br />100 Shares Authorized, Issued and Outstanding 100 <br />Additional Paid in Capital 3,980 <br />Retained Earnings 168,402 <br />TOTAL STOCKHOLDER'S EQUITY 172,482 <br />TOTAL LIABILITIES & STOCKHOLDER'S EQUITY $ 539,469 <br />The accompanying, notes are an integral part of these financial statements <br />