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<br />Schmidt Construction
<br />(division of Edw. C. Levy Co.) 1VE~
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<br />Divisional Balance Sheet gEC
<br />December 31, 1998 199°J
<br /> MAY ~ 3
<br />ASSETS rats g, CeologY
<br />f Mtn
<br /> . „ion o
<br />Current assets:
<br />Cash and cash equivalents $ 442,847
<br />Accounts receivable, trade, less allowance for doubtful accounts of
<br />$51, 000 4,652,239
<br />Inventory 1,236,733
<br />Prepaid expenses and other current assets 145,929
<br />Tota{ current assets $ 6,477,748
<br />Property, plant and equipment
<br />Land 2,735,287
<br />Land improvements 600,000
<br />Buildings 1,200,000
<br />Machinery and equipment 14,796,575
<br />Transportation equipment 1,990,966
<br />Furniture and fixtures 181,268
<br />21,504,096
<br />Less accumulated depreciation 12,966,003
<br />8,538,093
<br />Receivable from Edw. C. Levy Co. and affiliates 4,699,393
<br />Other assets 364,698
<br />Total assets $ 20,079,932
<br />LIABILITIES
<br />Current liabilities:
<br />Accounts payable, trade $ 1,053,507
<br />Accrued wages, taxes and other 269,026
<br />Long-term debt, current portion 35,500
<br />Total current liabilities $ 1,358,033
<br />Long-term debt 1,809,848
<br />EQUITY
<br />Edw. C. Levy Co.'s equity 16,912,051
<br />Total liabilities and equity $ 20.079,932
<br />The accompanying notes are an integral part of the divisional balance sheet.
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