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KERNS CONSTRUCTION AND PROPERTY MGMNT CORPORATION <br />SCHEDULE OF OPERATING EXPENSES <br />For the Year Ended December 3 ] , 2014 <br />(Read Independent Accountants' Review Report) <br />OPERATING EXPENSES <br />Advertising 1,670 <br />Automobile 493 <br />Bank Charges 380 <br />Dues & Subscriptions 209 <br />Employment Expenses 89 <br />Fuel 12,604 <br />General Labor 20,375 <br />Insurance 38,451 <br />Meals & Entertainment 2,645 <br />Miscellaneous Expense 3,260 <br />Office Expense 2,578 <br />Payroll Taxes 25,325 <br />Postage & Delivery 583 <br />Professional Fees 54,115 <br />Rent 8,606 <br />Repairs & Maintenance 1,252 <br />Salaries & Wages 299,934 <br />Taxes, Licenses & Permits 2,333 <br />Telephone 7,221 <br />Travel 4,745 <br />TOTAL OPERATING EXPENSES $ 486,868 <br />- 9 - <br />