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COMPARATIVE PROFIT & LOSS STATEMENTS
For Eight Months Ended August 31, 1945-1944
Eight Months Ended
Eight Months Ended
August 31, 1945
August 31, 1944
Brought Forward
$613310.15
$481681.05
Deduct Charges against Income:
Service Station (Net)
$
106.16
122.96
Miscellaneous Expenses
9.12
-
Loss on Sale of Equipment
131.49
114.40
Annuities
2005.00
6073.21
Loss on Bad Accounts
15000.00
17251.77
-
6310.57
Net Profit before Taxes & Renegotiation
596058.38
475370.48
Less Provision for Renegotiation
(Gross)
270919.18
239393.28
325139.20
235977.20
Less:
Provision for Federal Taxes
260111.36
1
188781.00
Less:
Post War Refund
24641.00
235470.36
17500.00
171281.00
Net Income after all charges
89668.84
64696.20
% of Net Profits to sales after Renegotiation
and Taxes
2.8%
2.7%
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"ocrText": "COMPARATIVE PROFIT & LOSS STATEMENTS\nFor Eight Months Ended August 31, 1945-1944\nEight Months Ended\nEight Months Ended\nAugust 31, 1945\nAugust 31, 1944\nBrought Forward\n$613310.15\n$481681.05\nDeduct Charges against Income:\nService Station (Net)\n$\n106.16\n122.96\nMiscellaneous Expenses\n9.12\n-\nLoss on Sale of Equipment\n131.49\n114.40\nAnnuities\n2005.00\n6073.21\nLoss on Bad Accounts\n15000.00\n17251.77\n-\n6310.57\nNet Profit before Taxes & Renegotiation\n596058.38\n475370.48\nLess Provision for Renegotiation\n(Gross)\n270919.18\n239393.28\n325139.20\n235977.20\nLess:\nProvision for Federal Taxes\n260111.36\n1\n188781.00\nLess:\nPost War Refund\n24641.00\n235470.36\n17500.00\n171281.00\nNet Income after all charges\n89668.84\n64696.20\n% of Net Profits to sales after Renegotiation\nand Taxes\n2.8%\n2.7%"
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