Laserfiche WebLink
KERNS CONSTRUCTION AND PROPERTY MGMNT CORPORATION <br />STATEMENT OF OPERATIONS AND RETAINED EARNINGS <br />For Year Ended December 31, 2014 <br />(Read Independent Accountants' Review Report) <br />OPERATING INCOME <br />Gross Sales <br />Less Cost of Goods Sold <br />GROSS PROFIT <br />OPERATING EXPENSES <br />INCOME FROM OPERATIONS <br />OTHER DEDUCTIONS <br />Depreciation & Amortization <br />Interest Expense <br />TOTAL OTHER DEDUCTIONS <br />$ 2,518,525 <br />1,831,278 <br />687,247 <br />486,868 <br />200,379 <br />5,401 <br />4,531 <br />9,932 <br />NET INCOME 190,447 <br />RETAINED EARNINGS (ACC UMULATED DEFICIT) <br />Beginning of Year <br />End of Year <br />(22,045) <br />168,402 <br />The accompanying notes are an integral part of these financial statements <br />- 3 - <br />