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Schmidt Construction
<br />Dmsional Balance Sheet
<br />December 31, 2001
<br />Assets
<br />Current Assets
<br />Cash $ 1,022,557
<br />Investments 5,615
<br />Accounts receivable -Including retainages of $ I ,018,217 8,547,531
<br />Inventories I ,634,928
<br />Prepaid expenses and other current assets 167,368
<br />
<br />Total current assets 11,377,999
<br />Property, Plant, and Equipment
<br />Land 4,448,388
<br />Land improvemerm 600,000
<br />Construction in progress 812,346
<br />Buildings 1,200,000
<br />Machinery and equipment 18,097,830
<br />Transportation equipment 2,240, 121
<br />Furniture and fixtures 196,888
<br />
<br />Total property, plant, and equipment 27,595,573
<br />Less accumulated depreciation 17,091,814
<br />
<br />Net properly, plant, and equipment 10,503,759
<br />Amounts Due from Edw. C. Levy Co. and Affiliates -Net 10,575,170
<br />Other Assets 364,698
<br />
<br />Total assets $ 32,821,626
<br />Liabilities and Divisional Equity
<br />Current Liabilities
<br />Accounts payable -Trade $ 945,199
<br />Accrued wages, taxes, and other 190,562
<br />
<br />Total current liabilities I , 135,761
<br />Divisional Equity 31,685,865
<br />
<br />Total liabilkies and divisional equity $ 32,821,626
<br />ta'r>'~oean
<br />See Notes to Divisional Balance Sheet. 2
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