Difference between revisions of ".MTk.MTQ0"
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| − | GROSS SALES | + | GROSS SALES $7,184,949.55 |
LESS: Freight, Discount and Charges to Sales............................... 470,561.18 | LESS: Freight, Discount and Charges to Sales............................... 470,561.18 | ||
| Line 26: | Line 26: | ||
401,704.18 | 401,704.18 | ||
| − | NET OPERATING | + | NET OPERATING INCOME ........................................................... |
$1,101,124.75 | $1,101,124.75 | ||
| Line 34: | Line 34: | ||
116,062.70 | 116,062.70 | ||
| − | TOTAL INCOME FOR THE | + | TOTAL INCOME FOR THE YEAR .............................. |
$1,217,187.45 | $1,217,187.45 | ||
| Line 51: | Line 51: | ||
287,669.51 | 287,669.51 | ||
| − | NET INCOME FOR THE | + | NET INCOME FOR THE YEAR ..................................................... |
$ 929,517.94 | $ 929,517.94 | ||
PROFIT AND LOSS CHARGES: | PROFIT AND LOSS CHARGES: | ||
| − | Passamaquoddy Stumpage Charged | + | Passamaquoddy Stumpage Charged Off......................................$94,898.66 |
| − | |||
| − | 94,898.66 | ||
Unusual and Non-Recurring Charges........................................... | Unusual and Non-Recurring Charges........................................... | ||
| Line 75: | Line 73: | ||
LESS: 1929 Surplus Adjustments..................................................... | LESS: 1929 Surplus Adjustments..................................................... | ||
| − | 401,912.10 | + | 401,912.10 1,447,589.11 |
| − | SURPLUS—DECEMBER 31 | + | SURPLUS—DECEMBER 31, 1929 ................................................... |
| − | |||
$2,129,875.63 | $2,129,875.63 | ||
CERTIFICATE: | CERTIFICATE: | ||
| − | We have examined the books of account and records of the Eastern Manufacturing | + | We have examined the books of account and records of the Eastern Manufacturing Company and its subsidiaries, and prepared therefrom the foregoing statement, which, in our opinion, correctly reflects the operations for the year ended December 31, 1929. |
| − | |||
| − | correctly reflects the operations for the year ended December 31, 1929. | ||
MILLER, FRANKLIN AND COMPANY, INC. | MILLER, FRANKLIN AND COMPANY, INC. | ||
| − | February | + | February 12, 1930. |
| − | + | ||
� | � | ||
Latest revision as of 17:06, 3 April 2017
Report on Eastern Manufacturing Company and Subsidiaries
Consolidated Statement of Operations For the Year Ended December 31, 1929
GROSS SALES $7,184,949.55 LESS: Freight, Discount and Charges to Sales............................... 470,561.18
NET SALES ..................... $6,714,388.37
COST OF GOODS SOLD: Cost of Goods Sold—Before Depreciation.................................... $4,913,184.14 Depreciation of Plant............................ 298,375.30
TOTAL COST OF GOODS SOLD.........5,211,559.44
GROSS OPERATING INCOME.......................................................
$1,502,828.93
LESS: Selling and Administrative Expenses..................................
401,704.18
NET OPERATING INCOME ...........................................................
$1,101,124.75
ADD: Other Income ..........................................................................
116,062.70
TOTAL INCOME FOR THE YEAR ..............................
$1,217,187.45
LESS: Bond Interest..........................................................................$ 161,139.02 Other Interest ........................................................................
52,674.24
Other Charges Against Income...........................................
73,856.25
TOTAL DEDUCTIONS FROM INCOME........................
287,669.51
NET INCOME FOR THE YEAR .....................................................
$ 929,517.94
PROFIT AND LOSS CHARGES: Passamaquoddy Stumpage Charged Off......................................$94,898.66
Unusual and Non-Recurring Charges...........................................
152,332.76
TOTAL PROFIT AND LOSS CHARGES.....................
247,231.42
NET INCOME CARRIED TO SURPLUS......................................
$ 682,286.52
SURPLUS—JANUARY 1, 1929 .......................................................$1,849,501.21 LESS: 1929 Surplus Adjustments.....................................................
401,912.10 1,447,589.11
SURPLUS—DECEMBER 31, 1929 ...................................................
$2,129,875.63
CERTIFICATE: We have examined the books of account and records of the Eastern Manufacturing Company and its subsidiaries, and prepared therefrom the foregoing statement, which, in our opinion, correctly reflects the operations for the year ended December 31, 1929. MILLER, FRANKLIN AND COMPANY, INC.
February 12, 1930.
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