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# 2 PROFORMA BALANCE SHEET After payment of 150M 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 Reserve 10M) 94545.55 Accounts Receivable $14112.58 Notes Receivable 14696.55 28809.13 Less: Reserve for Bad Accts. 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 Bor Depreciation 31411.66 33858.70 Good Will, Secret Process 1.00 $211890.20 Liabilities Accounts Payable 2763.62 Reserve for Federal Income Tax 150.00 Reserve for Auditing, Annuities 779.01 Debentures 200000.00 Common Stock: 19,000 shares @ 1.00 19000.00 Deficit 10802.43 $211890.20

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    "ocrText": "# 2\nPROFORMA BALANCE SHEET\nAfter payment of 150M in Cash to Preferred Stockholders\nAnd the Issue of Debenture Bonds and the Issue of Additional Common Stock\nBased on May 31, 1936 Balance Sheet\nAssets\nCash\n$12316.15\nGovernment Bonds\n-\nOther Investments (Less Reserve 10M)\n94545.55\nAccounts Receivable\n$14112.58\nNotes Receivable\n14696.55\n28809.13\nLess: Reserve for Bad Accts.\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 Bor Depreciation\n31411.66\n33858.70\nGood Will, Secret Process\n1.00\n$211890.20\nLiabilities\nAccounts Payable\n2763.62\nReserve for Federal Income Tax\n150.00\nReserve for Auditing, Annuities\n779.01\nDebentures\n200000.00\nCommon Stock: 19,000 shares @ 1.00\n19000.00\nDeficit\n10802.43\n$211890.20"
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