MANHATTAN   ELECTRI
 

BALANCE   SHEET
 

ASSETS

Current Assets :

Cash in Bank and on Hand...............................                                $   338,921.09

Working- Funds.........................................                                         1,595.00

Notes Receivable........................................                                       34 767.58

I    Accounts Receivable, lef^s Reserve for Doubtful Accounts, Re¬
bates, etc.............................................                                     626,446.29

Inventories:

Raw ilaterials and Work in Process.....................      $1,060,669.40

Finished Stock........................................           843,168.43
 

$2,905,557.79
 

United States Liberty Loan Bonds  ($rjO,000.00 pledged as col¬
lateral to note)........................................                                     132,495.70

Cash Surrender Value of Life Insurance Policies..............                                       14,208.75

Charges Deferred to Future Operations :

Stationery and Supplies, Cuts and Electros, Insurance, Taxes,
etc., paid in advance. Advertising Materials and Catalogues.                                       58,689.93

Fixed Assets :

Real Estate and Buildings................................      $   682,205.25

Machinery, Tools and Equipment..........................           220,695.15

Horses, Trucks and Automobiles..........................              8,534.04

Office and Store Furniture and Fixtures....................             26 919.13
 

938,353.57
 

Goodwill. Patents, Trademarks, etc..........................                                  2,502,200.86
 

$6,551,506.59
 

«
 

We have made an examination of the books and accounts of the ilanhattan Electrical Supply C
opinion, is properly drawn up so as to show the true financial position of the Company as at that date.

Inventories of stock on hand which are certified by responsible officials have been taken on a ba
actual inspection or by certificates from the depositaries.

We have examined the customers' accounts and, in our opinion, the provision made for doubtful a

Of the Surplus shown, $291,994.14 has been appropriated for the retirement of First and Secon
 

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