�\pgldobl00 f\l0 `)JB�  dMbP?_"*+�%�����1 ��Arial1 ��Arial1 ��Arial1 ��Arial1 ��Arial1 ��Arial1'�� Courier Newrier New 04d<1 ��Arial1 ��Arial1 x�Arial��&�?'�?(�?)�?M d���"d���?�?@V General00.00#,##0 #,##0.00#,##0_);\(#,##0\)#,##0_);[Red]\(#,##0\)#,##0.00_);\(#,##0.00\)#,##0.00_);[Red]\(#,##0.00\)"$"#,##0_);\("$"#,##0\)"$"#,##0_);[Red]\("$"#,##0\) "$"#,##0.00_);\("$"#,##0.00\)%""$"#,##0.00_);[Red]\("$"#,##0.00\)0%0.00% 0.00E+00 #\ ?/? #\ ??/?? m/d/yyyy d\-mmm\-yy d\-mmm mmm\-yy h:mm\ AM/PMh:mm:ss\ AM/PMh:mm h:mm:ssm/d/yyyy\ h:mm ##0.0E+0mm:ss@52_("$"* #,##0_);_("$"* \(#,##0\);_("$"* "-"_);_(@_),)_(* #,##0_);_(* \(#,##0\);_(* "-"_);_(@_)=:_("$"* #,##0.00_);_("$"* \(#,##0.00\);_("$"* "-"??_);_(@_)41_(* #,##0.00_);_(* \(#,##0.00\);_(* "-"??_);_(@_)C � �C � ��C � ��C � ��C � ��C � ��C � ��C � ��C � ��C � ��C � ��C � ��C � ��C � ��C � ��C  �C !� ��C � ��C  � ��C � ��C  � ��C #�C &XA�C #0�C  HA�C #XA�C #xA�C #xA��C  hA��C &xA�C &xA��C "A�C "A�C "A�C "A��C "A��C  hA�C "A�C "A�C "A�C #xA��C #xA�C #XA�C #xA�C &XA�C #XA�C #xA�C #XA�C !XA�C !xA��C !xA��C  HA�C #|A��������������U} �(}  �} � \�l�@�@�@�@ ��@��@��@��@ ��@ ��@ ��@ ��@ ��@��@��@�@��@��@��@�@��@��@��@��@��@��@��@��@��@��@��@<04S Corporations - Returns With and Without Net Income/=52003 Corporation Source Book of Statistics of Income,   - . .0/tlIncome Tax Returns of Active 1120S Corporations with Accounting Periods Ended July 2003 Through June 2004 --   - . ."0Wholesale and retail trade/g_Balance Sheet, Income Statement, and Selected Items, by Minor Industry, by Size of Total Assets   - . .0*x,p(All figures are estimates based on samples--money amounts and size of total assets are in thousands of dollars),,,,,, , , * + +1     2Size of Total Assets     ~ �?~  Y@~  @o@~  @@~  @@~  @~  @~  j@~  j@~  !j@ SECTOR CODE 41" "Zero "under "under "under "under "under "under  "under  "under  "under  #or $ %Total%Assets~ &Y@~ &@o@~ &@@~ &@@~ &@~ &@~  &j@~  &j@~  &j@  'more 0 ( 1 Number of returns.................. ~ 4>�"~ 4@~ 4 A~ 4@~ 4 @~ 4 6@~ 4@`@~ 43@~ 4@~ 4@~ (~@~ (q@  0 ( 2 Total assets....................... ~ 4J`x (-~ 4~ 4 �~ 4f@�~ 4n~ 4~ 4&�~ 4B~ 4$h ~ 4Jq�~ 4r  0 ( 3 Cash............................. ~ 4*O  (-~ 4$�9A~ 4f�~ 4�~ 46~ 42~ 4]�~ 4�~ 4�~ 46͠~ 4>D  0 ( 4 Notes and accounts receivable.... ~ 4b:o (-~ 4s#A~ 4��~ 4rz�~ 4� ~ 4p~ 4�~ 4N�~ 4F~ 4�~ 4"fY  0 ( 5 Less: Allowance for bad debts. ~ 4i` (- (*15,482 (*30,376 (*2,042~ 4;@~ 4 A~ 48�A~ 4�A~ 4hlA~ 4A~ 4$�A  0( 6 Inventories...................... ~ 4zt. (-~ 4�~ 40UA~ 4"F~ 4G~ 4fl ~ 4C~  4&5 ~  4�-�~  4P�~  4�4� 0( 7 U.S. govt. obligations, total.... ~ 4Fq  (-(*6,652(*6,880(*14,112~ ( @(*83,221(*32,257~  4@~  4@~  4@~  4XA 0( 8 Tax-exempt securities............ ~ 4B (- (*162~ (@(*9,980 (-(*108,217(*77,494~  4(�A~  4@~  4`�@~  4�;A 0( 9 Other current assets............. ~ 4.} (-~ 4@~ 4�A~ 48�!A~ 4T/~ 4~�~ 4�%�~  4HA~  4F�~  4 l~  4zަ 0( 10 Loans to shareholders............ ~ 4rf (-~ 4,LA~ 4A~ 44[A~ 40A~ 4DF;A~ 4>Q$~  4dH.A~  4IA~  4x� A~  40� A 0( 11 Mortgage and real estate loans... ~ 4:G (- (*162(*15,127 (-(*127,828~ 4$(*147,023~  4oA~  4p@~  4�@~  4�@ 0( 12 Other investments................ ~ 4 k (-~ 4�@~ 4�A~ 4�+~ 4�3%A~ 4.r�~ 4V:�~  4��~  4�~  4MCA~  4Ƌf 0( 13 Depreciable assets............... ~ 4s)) (-~ 4&w~ 4� ~ 4�~ 4�~ 4jc~ 4�~  4. ~  4:չ~  4V8z~  4Η] 0( 14 Less: Accumulated depreciation ~ 4D� (-~ 4nA ~ 4�;f~ 4~ 4��~ 4ʩ~ 4h�~  4.7q~  4�~  4�I~  4� 0( 15 Depletable assets................ ~ 4@�A (-(*27,113 (-(*24,343 (-~ (�? (-~  4Ļ@~  4]@~  4@@~  40h@ 0( 16 Less: Accumulated depletion... ~ 4<@ (- (*28 (-(*24,343 (-~ (�? (-~  4P@~  4D@~  4�@~  4 @ 0( 17 Land............................. ~ 4&FT (-(*58,294~ 4 @~ 4]A~ 4z0~ 4|~ 4�C~  4l_~  4 EC~  4f00~  4X�;A 0( 18 Intangible assets (Amortizable).. ~ 4�4 (-~ 4�*A~ 4>xb~ 4�~ 4̫8A~ 4CA~ 4p:A~  4~  4d~  44~  4HA 0( 19 Less: Accumulated amortization ~ 4y[ (-~ 4JA~ 4�"$A~ 4d�&A~ 48U A~ 4$k*A~ 4uA~  4*~  4A~  4�/ A~  4"A 0( 20 Other assets..................... ~ 4� (-~ 4@~ 4MA~ 4 �A~ 4A~ 4F~ 4,~  4>D~  4 A~  4O!A~  4�q 0( 21 Total liabilities.................. ~ 4J`x (-~ 4~ 4 �~ 4f@�~ 4n~ 4~ 4&�~  4B~  4$h ~  4Jq�~  4r 0( 22 Accounts payable................. ~ 4� (-~ 4B~ 4R~ 4ޗ>~ 46~ 4N*+~ 4 !<~  4:~  4.~  4�\~  4nue 0( 23 Mort, notes, and bonds under 1 yr ~ 4� (-~ 4>�6~ 4�4A~ 4Ff~ 4�~ 4t<~ 4[�~  4�*�~  4V�~  4�~  4z�  �l@!��@"��@#��@$��@%��@&��@'��@(��@)��@*��@+��@,��@-��@.��@/��@0��@1��@2��@3��@4��@5��@6��@7��@8��@9��@:��@;��@<��@=��@>�@?��@0 ( 24 Other current liabilities........ ~ 4.L� (-~ 4|�*A~ 4U~ 4|�4A~ 4 R~ 4~ 4Jn�~ 4RIq~ 4hOA~ 4d�~ 4x  0!( 25 Loans from shareholders.......... ~ !4f !(-~ !4xL~ !4�.9~ !4*`~ !4V"�~ !4�~ !4>%�~ ! 4��~ ! 4u~ ! 4�.)A~ ! 4�3A! !0"( 26 Mort, notes, bonds, 1 yr or more. ~ "4) "(-~ "4.h~ "4V%�~ "4 V~ "4�3~ "4:~ "4�=�~ " 4 f~ " 4 ~ " 4T1PA~ " 4F" "0#( 27 Other liabilities................ ~ #4n?� #(-~ #4@@~ #4hA~ #4H�A~ #4`OA~ #4 b~ #4nR:~ # 4�8~ # 4&~ # 4HG!A~ # 4�i# #0$( 28 Net worth........................ ~ $4�# $(-~ $4A~ $4N~~ $4~ $4y�~ $46~ $4_~ $ 4k~ $ 4�3�~ $ 42Y�~ $ 4$ $0%( 29 Capital stock................... ~ %4f"� %(-~ %4n~ %4x�~ %4�O~ %4Vv~ %4ڔ�~ %4ҋ�~ % 4e�~ '4ě8A~ '4h�~ '4L�~ '4t~ ' 4@y~ ' 4NY~ ' 4 `�~ ' 4�' '0(( 32 Less: Cost of treasury stock... ~ (4֤� ((-~ (4\DA~ (4�3A~ (4@A~ (4T�A~ (4p~ (4J3A~ ( 4^+O~ ( 4$~ ( 4 �A~ ( 4μ"( (0)( 33 Total receipts..................... )4@_�(A~ )4V$�~ )4U� ~ )4zJ�~ )4ΰ�~ )4k~ )4zT~ )4zA~ ) 4NoO~ ) 4E)~ ) 4�~ ) 4s,) )0*( 34 Business receipts................ *4@`A~ *4�8�~ *4�8� ~ *4b�~ *4u~ *45~ *4IS~ *4 @~ * 4�RN~ * 4�,�(~ * 4�}~ * 4�+* *0+( 35 Interest on govt. obligations.... ~ +4@~ +(D@ +(*215+(*9,857~ +(6@+(*2,621~ +4T@~ +4@~ + 4&@~ + 4@~ + 4P@~ + 4@@+ +0,( 36 Net gain, noncapital assets...... ~ ,4JbC~ ,40V@~ ,4 Z@~ ,4@@~ ,4v@~ ,4C@~ ,4PqA~ ,4@~ , 4 �A~ , 4 @~ , 4@~ , 4 A, ,0-( 37 Other receipts................... ~ -4�0�~ -4`V@~ -4,~ -4�!~ -4>Z3~ -4�$0~ -4J�~ -4�IA~ - 4*�~ - 4~ - 4lb1A~ - 4`�- -0.( 38 Total deductions................... .4őA~ .4 S�~ .4� ~ .4�~ .42+~ .46~ .4΅R~ .4J@~ . 4RvM~ . 4(~ . 4BB~ . 4>z�*. .0/( 39 Cost of goods sold............... /41uA~ /4Z�~ /4’�~ /4z>, ~ /4rْ~ /4SP~ /4rϽA~ /4jr5~ / 4ZRA~ / 4�(S!~ / 4�;~ / 4�A#/ /00( 40 Compensation of officers......... ~ 04R�~ 04 OA~ 04�;�~ 04N�~ 04v�~ 04 ~ 04ڤ�~ 04X�~ 0 4 \�~ 0 4N[~ 0 4S1~ 0 4̺)A0 001( 41 Salaries and wages............... ~ 14�(�~ 14�4+~ 14~ 14j?h~ 14R|~ 14p�~ 14~ 14n~ 1 4i�~ 1 4�~ 1 4c�~ 1 4.1 102( 42 Repairs.......................... ~ 24"q~ 24@~ 24A~ 24A~ 24� A~ 244A~ 24n4R~ 24(A~ 2 4PP+A~ 2 4@DA~ 2 4@/A~ 2 4)2 203( 43 Bad debts........................ ~ 34*8�~ 34G@~ 34x�A~ 34`@~ 34p@~ 34@~ 34(~ 34A~ 3 4h�A~ 3 4H+A~ 3 4@~ 3 4x�A3 304( 44 Rent paid on business property... ~ 44�~ 44lA~ 44<FA~ 44�~ 44�~ 448OAA~ 44zJ~ 44~�~ 4 4&~ 4 4:Ov~ 4 41A~ 4 4?x4 405( 45 Taxes paid....................... ~ 54>L~ 540� A~ 54FyB~ 5440:A~ 54]~ 546A~ 54R�~ 54�~ 5 4zm�~ 5 4Jm~ 5 4>~ 5 4|?A5 506( 46 Interest paid.................... ~ 64v�~ 64`O@~ 648:A~ 64IA~ 64F�$~ 64N�"~ 64�s~ 64oJ~ 6 44A~ 6 4 �'A~ 6 4H�A~ 6 48�+A6 607( 47 Amortization..................... ~ 74N=T~ 74�7@~ 74@ @~ 74 �@~ 74@@~ 74@~ 74� A~ 74�+@~ 7 4A~ 7 4�@~ 7 4r@~ 7 4@�A7 708( 48 Depreciation..................... ~ 84F�~ 84@~ 84 q"A~ 84De&A~ 84N(A~ 84~>9~ 84�~ 84u~ 8 4�)�~ 8 4ܸ7A~ 8 4 C~ 8 4T�8 809( 49 Depletion........................ ~ 94D@ 9(- 9(- 9(- 9(- 9(- 9(- 9(-~ 9 (X@~ 9 (0}@~ 9 (@~ 9 4@9 90:( 50 Advertising...................... ~ :4P�~ :4@~ :4$A~ :4 (A~ :4'A~ :4(A~ :4j~ :4C�~ : 4zA�~ : 4G;A~ : 4.A~ : 4?f: :0;( 51 Pension, prof sh, stock, annuity. ~ ;4R�~ ;4@~ ;4�@~ ;4@~ ;4A~ ;4`/A~ ;4'2~ ;4A~ ; 4�A~ ; 4�A~ ; 4�A~ ; 4�A; ;0<( 52 Employee benefit programs........ ~ <4be~ <4@~ <40 A~ <4 A~ <40�A~ <4h�A~ <4eo~ <4�!4A~ < 49A~ < 4 2,A~ < 4\!A~ < 4J5M< <0=( 53 Net loss, noncapital assets...... ~ =4 A=(*20,045=(*25,547=(*44,713=(*66,248=(*7,160~ =4@~ =4C@~ = 4@~ = 4@~ = 4@~ = 4-@= =0>( 54 Other deductions................. ~ >4.�>~ >4]N~ >4r~ >4��~ >4�~ >4dR~ >40~ >4q`~ > 4J~ > 4zr~ > 4��~ > 4.`�> >0?( 55 Total receipts less total deducts.. ~ ?4hm ~ ?40E@~ ?4&A~ ?4zD~ ?4�~ ?4^�~ ?4�< ~ ?4C0~ ? 4c{~ ? 4�~ ? 40@A~ ? 4vY�? ?@�@A�G@B��@C��@D��@E�G@F��@G��@H��@I�G@J��@K��@L��@M��@N�@O�@P��@Q�G@R��@S��@T��@U�G@V��@W��@X��@Y��@Z��@[��0@( Total 1120S corporation net �@(� @(@(@(@(@(@(@(@ (@ (@ (@ (@ @0A( 56 income (less deficit)............. ~ A4�6� ~ A4~ A4)A~ A4<3A~ A4�*�~ A4n~ A4"!k~ A4NF~ A 4ڝ�~ A 4~ A 4.~ A 4^\AA A0B( 57 1120S corporation net income..... ~ B4>#!~ B4.~ B4�~ B4[�~ B4�~ B4M�~ B4�~ B4Z~ C4zD~ C4'A~ C4y~ C4<|+A~ C 4�+/~ C 4A~ C 4p�A~ C 4AC C0D( Net income (less deficit) from �D(� D(D(D(D(D(D(D(D (D (D (D (D D0E( 59 a trade or business............... ~ E4�+h ~ E4B@~ E4�:-~ E4zC~ E4AA~ E4j~ E4^� ~ E4/~ E 4Κz~ E 4�9�~ E 4@A~ E 4|YAE E0F( 60 Net income....................... ~ F4 ~ F4\+~ F4~ F4R�~ F4^0�~ F4�~ F4�~ F4Xj~ F 4b4�~ F 4ֵ~ F 4:Δ~ F 4fF F0G( 61 Deficit.......................... ~ G4~ G4E#A~ G4z�~ G4Wa~ G4E~ G41~ G4{@A~ G4Fw:~ G 4*A~ G 4{A~ G 4p� A~ G 4AG G0H( Portfolio income (less deficit) �H(� H(H(H(H(H(H(H(H (H (H (H (H H0I( 62 distributed to shareholders:..... ~ I4~ I4"� ~ I4pb@~ I4~A~ I4@~ I46x#~ I46A~ I4�A~ I 4A~ I 4}A~ I 4p-A~ I 4 1&AI I0J( 63 Dividend income.................. ~ J4P�A~ J4@~ J4p@J(*1,518J(*2,340~ J4@~ J4w@~ J4@@~ J 4@~ J 4b@~ J 4@~ J 4@J J0K( 64 Interest income.................. ~ K4:a~ K4l@~ K4@~ K48@~ K4@@~ K4�@~ K4X�A~ K4  A~ K 4x~A~ K 4 �A~ K 4@@~ K 4`tAK K0L( 65 Royalty income (less loss)....... ~ L4`A~ L4P@L(*40,522 L(- L(- L(-L(*4,445L(*4,283~ L 4z@~ L 4@~ L 4>@~ L 4 @L L0M( 66 Net S-T capital gain (less loss). ~ M4 @ M(*-207M(*18,040 M(*741M(*-18,930 M(*74~ M4i@~ M4|@~ M 4ک@~ M 4$~ M 4@~ M 4@@M M0N( 67 Net L-T capital gain (less loss). ~ N4 T�~ N4:� N(*14,386N(*117,886N(*-12,991~ N4hA~ N4nF~ N4e@~ N 4XwA~ N 4p|A~ N 4@~ N 4@N N0O( 68 Other portfolio income (net)..... ~ O4 @ O(- O(*-507 O(- O(- O(- O(*593 O(*45~ O 4l@~ O (H@~ O ( s@~ O (x@O O0P( Real estate rental net income �P(� P(P(P(P(P(P(P(P (P (P (P (P P0Q( 69 (less deficit)................. ~ Q4�"~ Q4@Q(*29,088Q(*-3,084~ Q4�@Q(*34,066~ Q4�@~ Q4@~ Q 4�@~ Q 4`@~ Q 4�@~ Q 4@Q Q0R( 70 Net income....................... ~ R4�%~ R4@R(*29,088R(*3,175~ R4@R(*36,347~ R4h�A~ R4@@~ R 4Џ@~ R 4)@~ R 4`@~ R 4j@R R0S( 71 Deficit.......................... ~ S4@!@ S(- S(-S(*6,259S(*9,703S(*2,282~ S4\@S(*4,699~ S 4@~ S 4@~ S 4t@~ S 4@S S0T( Net income (less deficit) from �T(� T(T(T(T(T(T(T(T (T (T (T (T T0U( 72 other rental activity.......... ~ U4@r@U(*3,454 U(-U(*1,257 U(-U(*4,130~ U4 @~ U4@~ U 4@~ U 4@~ U 47@~ U 4�U U0V( 73 Net income....................... ~ V4@/@V(*3,454 V(-V(*1,257 V(-V(*4,130~ V4@}@~ V4@~ V 4@~ V 4@~ V 4@~ V 4@&@V V0W( 74 Deficit.......................... ~ W4@ W(- W(- W(- W(- W(-W(*9,187 W(*439~ W 4@~ W 4@~ W 4@~ W 4@W W0X( 75 Total income tax before credits.... ~ X4`@X(*1,960 X(- X(- X(- X(*94X(*18,383~ X4"@~ X 4@~ X 4͸@~ X 4@~ X 4@X X0Y( 76 Built-in gains tax............... ~ Y4z@~ Y(c@ Y(- Y(- Y(- Y(*94Y(*18,383 Y(*174~ Y 4R@~ Y 4@~ Y 4@~ Y 4 @Y Y0Z$( 77 Excess net passive income tax....  Z)*650 Z)- Z)- Z)- Z)- Z)- Z)- Z)*386~ Z )p@ Z )- Z )- Z )-Z Zg[3_Source: IRS, 2003 Corporation Source Book of Statistics of Income. Publication 1053. May 2006.[[[[[[[[[ [ [ [ [ [= �x_7_> ��" ������������������������������