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PROFORMA BALANCE SHEET
After payment of 200M in Cash to Preferred Stockholders
And the Issue of Debenture Bonds
And the Issue of Additional Common Stock
Based on May 31, 1936 Balance Sheet
Assets
Cash
$12316.15
Government Bonds
Other Investments (Less 10M Res.)
44545.55
Accounts Receivable
$14112.58
Notes Receivable
14696.55
28809.13
Less: Reserve for Bad Accounts
1000.00
27809.13
Inventory
41808.98
Unexpired Insurance
612.38
Deferred Expense
938.31
Land, Building & Equipment
62876.37
New York Office Equipment
2393.99
65270.36
Less: Reserve for Deprec.
31411.66
33858.70
Good Will, Secret Process, Patents
1.00
$161890.20
Liabilities
Accounts Payable
2763.62
Reserve for Fed. Income Tax
150.00
Reserve for Auditing, Annuities
779.01
Debentures
200000.00
Common Stock
19000.00
Deficit
60802.43
$161890.20
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"ocrText": "#1\nPROFORMA BALANCE SHEET\nAfter payment of 200M in Cash to Preferred Stockholders\nAnd the Issue of Debenture Bonds\nAnd the Issue of Additional Common Stock\nBased on May 31, 1936 Balance Sheet\nAssets\nCash\n$12316.15\nGovernment Bonds\nOther Investments (Less 10M Res.)\n44545.55\nAccounts Receivable\n$14112.58\nNotes Receivable\n14696.55\n28809.13\nLess: Reserve for Bad Accounts\n1000.00\n27809.13\nInventory\n41808.98\nUnexpired Insurance\n612.38\nDeferred Expense\n938.31\nLand, Building & Equipment\n62876.37\nNew York Office Equipment\n2393.99\n65270.36\nLess: Reserve for Deprec.\n31411.66\n33858.70\nGood Will, Secret Process, Patents\n1.00\n$161890.20\nLiabilities\nAccounts Payable\n2763.62\nReserve for Fed. Income Tax\n150.00\nReserve for Auditing, Annuities\n779.01\nDebentures\n200000.00\nCommon Stock\n19000.00\nDeficit\n60802.43\n$161890.20"
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