|
Schmidt Construction
<br />Divisional Balance Sheet
<br />December 31, 2000
<br />Assets
<br />Current Assets
<br />Cash 5 463,888
<br />Accounts receivable -Including rednages of 51,150,607, less allowance for 6,477,374
<br />doubtful accourrcs of S51,000
<br />Inventories I ,23 I ,532
<br />Prepaid expenses and other currern assets 160,058
<br />Total current assets 8,332,852
<br />Property, Plant, and Equipment
<br />Land 4,616,453
<br />Land improvements 600,000
<br />Buildings I ,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 depreciarion (16,475,295)
<br />Net property, plain, and equipment 9,869,176
<br />Amounts Due from Edw. C. Levy Co. and Affiliates -Net 12,230,379
<br />Other Assets 364,698
<br />Total assets S 30,797,105
<br />Liabilities and Divisional Equity
<br />Current Liabilities
<br />Accounts payable -Trade $ 978,728
<br />Accrued wages, razes, 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 currern portion (Note 2) 1,726,947
<br />Divisional Equity 27,803,468
<br />Tod liabilities and divisional equity S 30,797,105
<br />See Notes to Divisional Balance Sheet 2 ~ ~~~ ~~
<br />Pt.,-rrre &. Mow+x t.t.r
<br />
|