EXHIBIT No. 2
 


 


 

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED DECEMBER 31
 

, 1936
 

Credit Balance, December 31, 1935.................................
 


 

$3,263,265.18
 

Additions:
 


 


 

Adjustment to bring to par first lien and refunding 5% bonds
reacquired for sinking fund at a cost less than par..........
 

$  310,891.62
 


 

Miscellaneous credits—Net...................................
 

17,407.03
 


 

Total................................................
 


 

328,298.65
 

Total........................................
 


 

$3,591,563.83
 

Deductions:
 


 


 

Deficit for the year ended December 31, 1936, as per income
account................................................
 

$   447,757.90
 


 

Appropriations of surplus to sinking fund reserve................
 

162,228.26
 


 

Debt discount extinguished through surplus....................
 

1,818,349.19
 


 

Miscellaneous   appropriations of surplus—Funded debt retired
through surplus, etc.....................................

Total........................................
 

2,188,382.73
 

4,616,718.08
 


 

Debit Balance, December 31, 1936..................................
 


 

$1,02S,IS4.2S