Laserfiche WebLink
<br /> I THE LAKE HENRY RESERVOIR COMPANY <br /> I BALANCE SHEET <br /> I DECEMBER 31,2000 AND 1999 <br /> ASSETS <br /> 2000 1999 <br /> I CURRENT ASSETS <br /> Cash $ 54,472 $ 42,263 <br /> Prepaid insurance 1,780 1,027 <br /> I TOTAL CURRENT ASSETS 56,252 43,290 <br /> I OTHER ASSETS <br />I Mineral rights 2,409 2,409 <br /> Water rights 30,000 30,000 <br /> I TOTAL OTHER ASSETS 32,409 32,409 <br /> I PROPERTY AND EQUIPMENT <br /> Reservoir, canals and ditches 500,000 500,000 <br /> Reservoir improvements 361,623 347,239 <br /> I Machinery and equipment 3,716 3,716 <br /> 865,339 850,955 <br /> I Less accumulated depreciation (285,075) (276,939) <br /> NET PROPERTY AND EQUIPMENT 580.264 574,016 <br /> I TOTAL ASSETS $ 668,925 $ 649,715 <br /> LIABILITIES AND STOCKHOLDERS' EQUITY <br /> I CURRENT LIABILITIES <br /> Accounts payable $ 11,690 $ 13,861 <br /> I Deferred lease income 1,083 1,083 <br /> TOTAL CURRENT LIABILITIES 12,773 14,944 <br /> I STOCKHOLDERS' EQUITY <br /> Capital stock no par value; authorized and issued 8967_58 shares 500,440 500,440 <br /> I Retained earnings 155,712 134,331 <br /> TOTAL STOCKHOLDERS' EQUITY 656,152 634,771 <br /> I TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 668,925 $ 649,715 <br /> I <br /> I See Notes To Financial Statements <br /> I Page 2 <br />