upr000274 37

IAS VEGAS LAUD ASP WATER C&SPANY (N A M E O F C O M P A N Y ) EXHIBIT S H E E T O F S H E E TS STATEM ENT O F INCOME, A N D PROFIT A N D LO SS A C C O U N T S (Water Service Operations, Las 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 1 1 2 0 ) F O R C A L E N D A R Y E A R 19-42- ITEM S INCOGS Revenues - Water Services Water Sales - Commercial do - Industrial Revenues " Miscellaneouss Water service connections and turn on charges Other Incomes Penalties collected on delinquent eater bills Total Gross Income DEDUCTIONS FROM GROSS INCOME Operating Expenses a Water Services Maintenance of eater mains Rent for pipe lines General Expenses* Administrative salaries (76$) Other general office salaries (76$) - General office supplies and expenses (76$) Lae expenses (80$) Pension - W. R. Bracken (76$) Advertising (76$) Contributions (76$) Engineering expenses (76$) Depreciation - Pipe Lines Taxes on Water System Total Deductions t if Net Income T O T A L S FO R Y E A R 160 834*70 H 739.45 2 833.12 630,42 179 037.69 17 630.50 114 068,94 10 887.12 6 608.19 12 418050..0808 945.60 1 016.89 380.00 1 160.03 4 161.50 19 431.02 179 875.67 837.98 ITEM S N O T S U B JE C T TO T A X N O N T A X A B L E IN CO M E U N A L L O W A B L E D E D U C T IO N S M- * - r ? uni i 148.28 148.28 y 148.28 T A X A B L E N E T i n c o m e ' 160 834.70 14 739.45 2 833.12 630.42 179 037.69 17 630.50 114 068.94 10 887.12 6 608.19 1 185.88 2 400.00 945.60 1 016.89 380.00 1 160.Q3 4 013.22 19 431.02 179 727*39 689.70 D E S C R IP T IO N O F IT E M S N O T S U B JE C T T O TA X , E T C . Depreciation accrued in exeess of amount allowable