INCOME ACCOUNT, YEARS ENDED DECEMBER 31. | ||||||||||||
Gross Profit from Operations. | Expenses. | Interest. | Depreciation, Etc. | Total Deductions. | Net Profit. | |||||||
1917 1918 1919 1920 |
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GENERAL BALANCE SHEET, DECEMBER 31, 1920. | ||||
Assets--- | | | Liabilities-- | ||
Plant property | $359,120 | | | Capital stock | $2,491,775 |
Radio stations--construction account | 122,704 | | | Audited vouchers | 94,078 |
Rights and contracts | 2,532,674 | | | Accounts payable | 27,051 |
Miscell. investments | 1,941 | | | Notes payable | 45,000 |
Cash | 85,201 | | | Unpaid labor | 1,108 |
Accounts receivable | 125,366 | | | Reserve for depreciation | 191,062 |
Materials and supplies | 108,557 | | | Other reserves | 15,594 |
Work in progress | 144,124 | | | Surplus | 706,227 |
Govt. claims | 61,772 | | | ||
Deferred debit items | 30,435 | | | ||
Total | $3,571,895 | | | Total | $3,571,895 |