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LAS VEGAS LAND AND HATER C CUP ANY (NAME OF COMPANY) EXHIBIT S H E E T O F S H E E TS STATEM ENT O F INCOM E. A N D PROFIT A N D L O S S A C C O U N T S (Water Service Operations, Lae Vegas, Nevada) A S IN C LU D E D IN C O R P O R A T IO N INCOM E T A X R E TU R N , (F O R M 1120) F O R C A L E N D A R Y E A R 19_ 42 ITEM S N O T S U B JE C T TO TA X ITEM S T O T A L S FO R N O N T A X A B L E U N A L L O W A B L E T A X A B L E N E T D E S C R IP T IO N O F IT E M S N O T Y E A R IN CO M E D E D U C T IO N S IN C O M E INCOME Revenues - Water Services Water Sales - Commercial do - Industrial 81 946.68 8 243*89 81 946.68 8 243.89 Revenues - Miscellaneouss Water service connections and turn on charges 2 864.00 2 864.00 I |1 Other Inc canes m m Penalties collected on delinquent eater bills Reinstatement of revenue from eater sales ehich eas written off as uncollectible during the year 1941 4.00 6.00 4.00 6.00 Total Gross Income 93 064.57 93 064.57 DEDUCT! QNifS PROS GROSS INCOME m H Operating Expenses - Water Services Maintenance of eater mains Rent for pipe lines 10 990.99 43 287.83 1 567.96 9 423.03 43 287.83 Unaudited expense bills deducted General Expenses* Administrative salaries (76%) Other general office salaries (76%) General office supplies and expenses (76%) Lae expenses (80%) 6 492.81 5 854.77 1 042.58 2 070.99 29.79 6 492.81 5 854.77 1 012.79 2 070.99 Unaudited expense bills deducted Depreciation - Pipe Lines 1 425.84 367.55 1 593.39 Depredation allowable in excess accounts Amortization of Defense Projects Taxes on Water System 7 342.19 6 900.50 3 684.35 11 026.54 6 900.50 Amortization allowable in excess accounts under the accelerated Total Deductions 85 408.50 2 254.15 87 662.65 Net Income 7 656.07 2 254*15 5 401.92 Portion of net operating loss catry hack from yr. 1943 * * 5 401.92 Net taxable income after applying net operating loss far year 1943 * * mm |||j| ? 1 E H m Sm I i