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COMPARATIVE PROFIT & LOSS STATEMENTS For Years Ended December 31, 1915 - 1944 Year Ended Year Ended December 31, 1945 December 31, 1944 Brought Forward $535890.80 $925737.82 Deducts Charges against Income Annuities & Medical Expenses $ 4432.31 8 7539.87 Losa on galo of equipnent 25.83 55.89 Loss on adandonment of equipment 8230.79 000 Service Station Expense 74.47 261.90 Loss on Bed Accounts 15186.00 512.86 Water danage Plant agu - 470.33 Loss on eale of securities 28.55 - Wissellaneous expenses 28.40 - Provision for post war adjustment & contingencies - 28006.35 45000.00 53840.85 let Profit before Renegotistion & Taxes 507884.45 871876.97 Less: Provision for Renegotiation 36000.00 148000.00 471884.45 723896.97 Provision for Federal Income Taxes 368000.00 623000.00 Net Incone 103884.45 100896.97 % of Net Income to Sales 2.908 2.54%

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    "ocrText": "COMPARATIVE PROFIT & LOSS STATEMENTS\nFor Years Ended December 31, 1915 - 1944\nYear Ended\nYear Ended\nDecember 31, 1945\nDecember 31, 1944\nBrought Forward\n$535890.80\n$925737.82\nDeducts Charges against Income\nAnnuities & Medical Expenses\n$ 4432.31\n8\n7539.87\nLosa on galo of equipnent\n25.83\n55.89\nLoss on adandonment of equipment\n8230.79\n000\nService Station Expense\n74.47\n261.90\nLoss on Bed Accounts\n15186.00\n512.86\nWater danage Plant agu\n-\n470.33\nLoss on eale of securities\n28.55\n-\nWissellaneous expenses\n28.40\n-\nProvision for post war adjustment\n& contingencies\n-\n28006.35\n45000.00\n53840.85\nlet Profit before Renegotistion &\nTaxes\n507884.45\n871876.97\nLess: Provision for Renegotiation\n36000.00\n148000.00\n471884.45\n723896.97\nProvision for Federal Income Taxes\n368000.00\n623000.00\nNet Incone\n103884.45\n100896.97\n% of Net Income to Sales\n2.908\n2.54%"
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