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COMPARATIVE PROFIT & LOSS STATUINSTS
For Years Ended December 31, 1945 - 1944
Year Ended
Year Indad
December 31, 1945
December 31, 1944
Brought Forward
$535890.80
$925737.82
Deducts Chorges against Income
Annuities & Medical Expensed
$ 4432.31
$ 7539.87
Losa on Bale of equipment
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 age
-
470.33
Loss on sale of securities
28.55
Wiscallaneous expenses
28.40
Provision for post war adjustment
& contingencies
-
28006.35
45000.00
53840.85
Net Profit before Renegotistion &
Taxes
507884.45
871876.97
Lese: Provision for Renegotiation
36000.00
148000.00
471884.45
723896.97
Provision for Federal Income Taxes
368000.00
623000.00
Net Income
103884.45
100896.97
VA of Net Incone to Sales
2.908
2.54%
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"ocrText": "COMPARATIVE PROFIT & LOSS STATUINSTS\nFor Years Ended December 31, 1945 - 1944\nYear Ended\nYear Indad\nDecember 31, 1945\nDecember 31, 1944\nBrought Forward\n$535890.80\n$925737.82\nDeducts Chorges against Income\nAnnuities & Medical Expensed\n$ 4432.31\n$ 7539.87\nLosa on Bale of equipment\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 age\n-\n470.33\nLoss on sale of securities\n28.55\nWiscallaneous expenses\n28.40\nProvision for post war adjustment\n& contingencies\n-\n28006.35\n45000.00\n53840.85\nNet Profit before Renegotistion &\nTaxes\n507884.45\n871876.97\nLese: Provision for Renegotiation\n36000.00\n148000.00\n471884.45\n723896.97\nProvision for Federal Income Taxes\n368000.00\n623000.00\nNet Income\n103884.45\n100896.97\nVA of Net Incone to Sales\n2.908\n2.54%"
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