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man000172-024
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I agree.INCOME STATEMENT YEAR ENDING DECEMBER 51, 1949 Account No. 401 Operating Revenue $202,389.88 402 Operating Expense 57,889.79 404 Taxes 21,040.48 Total revenue deductions 78,930.27 Operating income 123,459.61 412 Joint Facility Rents 105,763.84 Balance of income applicable to corporate property $ 17,695.77 Net income $ 17,695.77 PROFIT AND LOSS ACCOUNT - 1949 - Balance at beginning of year $76,104.87 Balance transferred from income 17,695.77 Balance at end of year • $93,800.64 y State, county and city taxes. No attempt has been made to segregate Federal Income or other Federal Taxes as between the various operations of the company.