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IRA Cedilla Co.
Income
Gross receipts $777,499 $10,697
Dividends 20,572 --
Interest 38,885 18
Capital gain 69,715 --
Partnership 4,829 --
Total 911,500 10,715
Deductions
Compensation--officers 15,000 7,500
Salaries/wages 5,051 4,287
Consulting Fees 51,900 --
Commissions 207,237 --
Other 18,565 8,446
Total 297,753 20,233
Net income 613,747 (9,518)
Special deductions (16,910) --
Taxable income 596,837 (9,518)
Assets
Cash 28,600 70,996
Loans
Stockholders 287,900 --
Others 734,350 6,385
Securities
Marketable 318,197 --
Nonmarketable 215,000 --
Investment in sub. 34,024 --
Investment in pship. (180,703) --
Cedilla trust 4,511 --
Other 1,051 2,060
Total 1,442,930 79,441
Liabilities
Payables 70,000
Short term 197,575 --
Long term 370,000 --
Other 1,211 555
Total 568,786 70,555
Net assets 874,144 8,886
Capital stock
Preferred 1,000 --
Common 100 1,000
Capital surplus 18,024
Retained earnings 873,094 (10,138)
Cost of treasury stock (50)
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