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IA S VEGAS LAUD AND WATER COMPANY (N A M E O F C O M P A N Y ) EXH IBIT 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 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 1120) F O R C A L E N D A R Y E A R 19 44 2 - 4 8 - 1M ITEM S INCOME Revenues - Water Services Water Sales - Commercial do ~ Industrial Revenues - Miscellaneouss Water service connections and turn on charges Total Gross Income DEDUCTIONS FROM GROSS INCCHE Operating Expenses - Water Services Maintenance of water mains Rent for pipe lines General Expenses* Administrative salaries (76%) Other general office salaries (76$) General office supplies and expenses (76%) Law expenses (80$) Depreciation* Pipe lines Amortization of Defense Projects Taxes on Water System Total Deductions Net Income Net operating loss carry forward to 1946 Net taxable income after applying net operating loss forward T O T A L S FO R Y E A R 119 707*04 13 477.45 1 617.25 134 801.74 14 161.50 54 192.00 7 230.54 7 551.71 1 565.12 1 987.20 3 4©3*40 36 802.17 12 940*23 139 833*87 5 032.13 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 C O M E U N A L L O W A B L E D E D U C T IO N S 1 326.46 17 181.50 15 855.04 15 855.04 T A X A B L E N E T IN C O M E 119 707.04 13 477.45 1 617.25 134 801.74 14 161.50 54 192.00 7 230.54 7 551.71 1 565.12 1 987.20 2 Q76.94 53 983.67 12 940.23 155 688.91 20 887.17 20 887.17 D E S C R IP T IO N O F IT E M S N O T S U B JE C T TO TA X , E T C . Depreciation accrued in excess of amount allowable ; Adjustment of amortization on books allowed in year 1943 §7,017.76, and amortization allowable in excess of amount accrued in the accounts under the accelerated plan $24,199.26