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Schmidt Construction
<br />Divisional Balancf: S
<br />December 31, 2000
<br />Assets
<br />Current Assets
<br />Cash 5 463,888
<br />Accounts receivable -Including retainages of 51,150,607, less allowance for 6,477,374
<br />doubtful accounts of 551,000
<br />Inventories 1,231,532
<br />Prepaid expenses and other current assess 160,058
<br />Total current asses 8,332,852
<br />Property, Plant, and Equipment
<br />Land 4,616,453
<br />Land improvements 600,000
<br />Buildings 1,200,000
<br />Machinery and equipment 17,607,514
<br />Transportation equipment 2.123,616
<br />Furniture and fixtures 196,888
<br />Total property, plant, and equipment 26,344,471
<br />Less accumulated depreciation 16,475,295
<br />Net property, plain, and equipment 9,369,176
<br />Amounts Due from Edw. C. Levy Co. and Affiliates -Net 12,230,379
<br />Other Assets 364,698
<br />Tots! assets S 30,797, 105
<br />Liabilities and Divisional Equity
<br />Current Liabilities
<br />Accounts payable -Trade $ 978,728
<br />Accrued wages, taxes, and other :246,844
<br />Long-term debt -Current portion (Note 2) 41, 118
<br />Tod current liabilities 1,266,690
<br />Long-term Debt- Net of current portion (Note 2) I,:rL6,947
<br />Divisional Equity 27,!303,468
<br />Tod IiabilRies and divisional equity S 30,797,105
<br />See Notes to Divisional Balance Sheet. 2
<br />Pwrre & Morux t.tr
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