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IRA Cedilla Co.
Income
Gross receipts $73,280 $101,274
Dividends 3,125 --
Interest 112,804 1,038
Gross rents 225 --
Capital gain 141,519 --
Partnership 1,157,861 --
Management fees -- 2,750
Consulting fees 100,000
Total 1,588,814 105,062
Deductions
Compensation--officers -- 26,800
Salaries/wages -- 4,100
Depreciation 638,550 --
Consulting fees 125,000 --
Commissions 209,440 --
Other 60,911 19,470
Total 1,033,901 50,370
Net income 554,913 54,692
Special deductions (2,055) --
Taxable income 542,858 54,692
Assets
Cash 962,964 11,806
Loans
Stockholders 1,200 --
Others 3,725,675 21,885
Treasury bills -- 24,308
Securities -- --
Marketable 177,951 --
Nonmarketable 65,000 --
Investment in sub. 234,024 --
Investment in pship. 130,907 1,800
Depreciable assets 5,108,573 --
Less accumulated dep. (638,550) --
Cedilla trust 4,511 --
Deferred expenses 91,640 --
Other 1,029 2,060
Total 9,864,924 61,859
Liabilities
Payables
Short term 309,795 --
Long term 5,319,924 --
Deferred income 2,807,260 --
Total 8,436,979 --
Net assets 1,427,945 61,859
Capital stock
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