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535-03 Page 99
COMPANY'S CASH ACCOUNT REVENUE 1945 Credit balance.................................................................... $ 571.16 Commission on manufacturing....................................................$2336.70 Lockerrentals.............................................................................. 460.00 Interest on bonds........................................................................ 45.00 $2841.70 $341-.86 EXPENDITURE Plant insurance, 3 years ............................................. Stock insurance, 1 year ............................................... Supplies.......................................................................... Vat agitator, motors and curd mill .............................� Repairwork.................................................................... Government taxes.......................................................... Provincial taxes............................................................. Municipal taxes.............................................................. Corporation tax............................................................ General ........$ 450.10 ........ 62.60 ....... 313.33 I....... 933.00 ........ 102.82 ........ 153.43 ........ 7.00 ....... 76.45 , ........ 65.56 expensea........................................................................ 255.53 Salaries......................................................................................... 595.00'' Hydroelectric............................................................................. 120.00 1946 dividend of 5%.................................................................. 202.50 Credit balance in bank $3385.65 $3412.86 ASSETS AND LIABILITIES. ASSETS LIABILITIES Factory and land ..............$ 4500.00 162 shares ........................$ 4050.00 Dwelling and land .............. 1000.00 Value of assets over lia- Equipment and machinery 4600.00 bilities .,..........� 7635.65 Victory Bonds .................... 1500.00 Cash on hand ...................... 85.65 $1168.i.65 $11685.05 PROFIT AND LOSS Revenue received 1946.......................................... $2841.70 Expense account .................................................... 33,27.21 Less: Dividend........................................................ 202.50 Federal Taxes .............................................. 153.43 New equipment ............................................ 933.00 $1288.93 $2038.28 Depreciation.................................................. 295.73 Profit for year ............... ......... I..................... 507.69 $2841.70 $2841.70 ANNUAL MEETINGS Shareholders - - At the factory, Feb. Gth Patrons - - Community Hall, Feb. 20th ll iL uno F'r in i, In yr. xull