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Schmidt Construc~n
<br />Divisional Balance Sheet
<br />December 31, 1999
<br />Assets
<br />Current Assets
<br />Cazh 5 4,164,804
<br />Accounts receivable -Less allowance for doubtful accounts of $51,000 5,425,434
<br />Inventories 1,119,607
<br />Prepaid expenses and other current assets 238,751
<br />Total current azsess 10,948,596
<br />Property, Plant and Equipment
<br />Land 4,616,453
<br />Land improvements 600,000
<br />Buildings 1,200,000
<br />Machinery and equipment 16,152,083
<br />Transportation equipment 1,975,846
<br />Furniture and fixtures 196.888
<br />Construaionin progress 2,800
<br />Total property, plant and equipment 24,744,070
<br />Less accumulated depreciation (14,330,612)
<br />Net property, plant and equipment 10,413,48
<br />Amounts Due from Edw. C. Levy Co. and Affiliates -Net 4,159,536
<br />Other Assets 364,698
<br />Total assets S 25,886,288
<br />Liabilities and Divisional Equity
<br />Current Liabilities
<br />Accounts payable -Trade $ 645,544
<br />Accrued wages, taxes and other 218,658
<br />Long-term debt -Current portion (Note 2) 37,940
<br />Total current liabilities 902,142
<br />Long-term Debt -Net of current portion (Note 2) I ,768,065
<br />Divisional Equity 23,216,081
<br />Total liabilities and divisional equity 5 25,886,286
<br />See Notes to Divisional Balance Sheet. 2 PLnrrre &MORAN, LLP
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