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Report, December 31, 1920

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Radium Luminous Material Corporation Balance Sheet as at December 31,1920 ASSETS Cash in Bank and on hand $ 41,928.79 Accounts Receivable 54,886.87 Inventory 508,498.16 TOTAL CURRENT ASSETS 605,313.82 Investments 4,000.00 Unexpired Insurance 3,050.42 Land, Buildings and Equipment-Orange $271,623.62 Mining Claims and Equipment 104,522.55 New York Office Equipment 7,344.58 383,490.75 Less RESERVE FOR DEPRECIATION 129,099.96 254,390.79 Secret Process 200,000.00 454,390.79 $1,066,755.03 LIABILITIES Notes Payable-Banks $ 40,000.00 Accounts Payable-Curren 47,308.86 Accounts Payable-Not Due 30,646.80 Bonus Due Employees 15,562.02 Preferred Stock $400,000.00 Common Stock 355,718.77 755,718.77 Surplus, Dec. 31, 1919 $ 94,896.26 Add Profits 1920 123,156.08 218,052.34 Less Dividends Paid on P' f'd Stock $28,000.00 Income and Excess Profit Tax 1919 12,533.76 40,533.76 Surplus Dec. 31, 1920 177,518.58 $1,066,755.03 Auditors: MARWICK MITCHELL & Co. 79 Wall Street, New York

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Context sent to Scholar

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    "ocrText": "Radium Luminous Material Corporation\nBalance Sheet as at December 31,1920\nASSETS\nCash in Bank and on hand\n$ 41,928.79\nAccounts Receivable\n54,886.87\nInventory\n508,498.16\nTOTAL CURRENT ASSETS\n605,313.82\nInvestments\n4,000.00\nUnexpired Insurance\n3,050.42\nLand, Buildings and Equipment-Orange\n$271,623.62\nMining Claims and Equipment\n104,522.55\nNew York Office Equipment\n7,344.58\n383,490.75\nLess RESERVE FOR DEPRECIATION\n129,099.96\n254,390.79\nSecret Process\n200,000.00\n454,390.79\n$1,066,755.03\nLIABILITIES\nNotes Payable-Banks\n$ 40,000.00\nAccounts Payable-Curren\n47,308.86\nAccounts Payable-Not Due\n30,646.80\nBonus Due Employees\n15,562.02\nPreferred Stock\n$400,000.00\nCommon Stock\n355,718.77\n755,718.77\nSurplus, Dec. 31, 1919\n$ 94,896.26\nAdd Profits 1920\n123,156.08\n218,052.34\nLess Dividends Paid on P' f'd Stock $28,000.00\nIncome and Excess Profit Tax 1919 12,533.76 40,533.76\nSurplus Dec. 31, 1920\n177,518.58\n$1,066,755.03\nAuditors:\nMARWICK MITCHELL & Co.\n79 Wall Street, New York"
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