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COMPARATIVE PROFIT & LOSS STATEMENTS
For Nine Months Period Ended September 30, 1945-1944
Nine Months Ended
Nine Months Ended
September 30, 1945
September 30, 1944
Brought Forward
$578532.54
$574448.49
Deduct: Charges against Income
Service Station (net)
56.43
134.83
Loss on sale of securities
28.55
Loss on sale of equipment
89.79
Annuities
2187.50
6497.87
Miscellaneous Expense
8.93
Loss on Bad Accounts
15000.00
17281.41
-
6722.49
Net income before Renegotiation & Taxes
561251.13
$61251.13
567726.00
Less: Provision for Renegotiation
227208.03
302716.46
334043.10
265009.54
Leas: Federal Income Taxes
267234.00
198307.00
Post War Credit
25353.00
241881.00
19800.00
178505.00
Net Profit.after Taxes
92162.10
86502.54
% of Net Profits to sales after
Renegotiation and Taxes
2.8%
2.8%
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"ocrText": "COMPARATIVE PROFIT & LOSS STATEMENTS\nFor Nine Months Period Ended September 30, 1945-1944\nNine Months Ended\nNine Months Ended\nSeptember 30, 1945\nSeptember 30, 1944\nBrought Forward\n$578532.54\n$574448.49\nDeduct: Charges against Income\nService Station (net)\n56.43\n134.83\nLoss on sale of securities\n28.55\nLoss on sale of equipment\n89.79\nAnnuities\n2187.50\n6497.87\nMiscellaneous Expense\n8.93\nLoss on Bad Accounts\n15000.00\n17281.41\n-\n6722.49\nNet income before Renegotiation & Taxes\n561251.13\n$61251.13\n567726.00\nLess: Provision for Renegotiation\n227208.03\n302716.46\n334043.10\n265009.54\nLeas: Federal Income Taxes\n267234.00\n198307.00\nPost War Credit\n25353.00\n241881.00\n19800.00\n178505.00\nNet Profit.after Taxes\n92162.10\n86502.54\n% of Net Profits to sales after\nRenegotiation and Taxes\n2.8%\n2.8%"
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