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UPPER PLATTE AND BEAVER CANAL COMP
<br /> BALANCE SHEET
<br /> As of January 31
<br /> 2013 2012
<br /> (Compiled) (Compiled)
<br /> ASSETS
<br /> Current Assets
<br /> Cash in Bank $171,605 $41,262
<br /> Accounts Receivable $0 $148
<br /> Total Current Assets $171,605 $41,410
<br /> Property and Equipment
<br /> Buildings and Improvements $245,871 $245 871
<br /> Machinery and Equipment $1,033 $1,033
<br /> JW Augmentation Site $63,174 $63,174
<br /> Accumulated Depreciation ($142,582) ($136,671)
<br /> $167,496 $173,407
<br /> Land $921 $921
<br /> Total Property and Equipment $168,417 $174,328
<br /> Other Assets
<br /> Riverside Reservoir $188,775 $188.775
<br /> Jackson Lake Reservoir $48,139 $48,139
<br /> Morgan Prewitt Reservoir $14,750 $14,750
<br /> Priority Rights;District One $55,000 $55,000
<br /> Total Other Assets $306,664 $306,664
<br /> Total Assets $646,686 $522,402
<br /> LIABILITIES AND STOCKHOLDERS'EQUITY
<br /> Current Liabilities
<br /> Accrued Payroll Taxes $122 $71
<br /> Current Portion of Long Term Debt $7,489 $16,479
<br /> Prepaid Assessment $11,408 $4,000
<br /> Total Current Liabilities $19,019 $20,550
<br /> Long Term Liabilities
<br /> Notes Payable less current portion $1,435 $8,923
<br /> Total Liabilities $20,453 $29,473
<br /> Stockholders'Equity
<br /> Common stock,1,187.438 shares issued
<br /> and outstanding,stated value$100 $118,554 $118,554
<br /> Retained Earnings $507,679 $374,374
<br /> Total Stockholders'Equity $626,233 $492,928
<br /> Total Liabilities and Stockholders'Equity $646,686 $522,402
<br /> See accountant's compilation report and accompanying notes to the financial statements
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