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LAS VEGAS LAND AND WATER COMPANY (NAME OF COMPANY) EXHIBIT 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 1 1 2 0 ) F O R C A L E N D A R Y E A R 19 ITEM S T O T A L S FO R Y E A R 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 T A X A B L E N E T IN C O M E 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 . INCCME Revenues - Water Services Water Sales - Commercial do - Industrial Revenues 1 Miscellaneous* Water service connections and turn on charges Total Gross Income DEDUCTIONS FROM CROSS INCOME Operating Expenses • Water Service* Maintenance of water mains Rent far pipe lines General Expenses* Administrative salaries (76$) Other general office salaries (76$) General office supplies and expenses (76$) Law expenses (80$) Depreciations Pipe lines Amortization of Defense Projects Taxes on Water System Total Deductions Net Income Portion of net operating loss carry forward to yr. 194-6 Net taxable income after applying net operating loss carry forward 130 331.76 14 008.89 1 353.25 145 693.90 14 138.96 66 818.81 8 063.05 7 072.64 1 389.93 1 982.36 4 687.95 98 418.28 13 500.00 216 071.98 70 378.08 1 944.59 46 275.74 48 220.33 48 220.33 130 331.76 14 008.89 1 353.25 145 693.90 14 138.96 66 818.81 8 063.05 7 072.64 1 389.93 1 982.36 2 743.36 52 142.54 13 500.00 167 851.65 22 157.75 11 832.40 10 325.35 Depreciation acearned in excess of amount allowable Additional amortization under the accelerated plan applicable to prior years