MANHATTAN   ELECTRICAL  SUPP

BALANCE
AT    DECEMBE
 

ASSETS

CuRKENT Assets:

Cash in Banks and on Hand.................................................................................                                    $  320,295.89

Notes and Accounts Receivable, less Reserve for Doubtful

Accounts „......................-------.....--------........-----------........„.„.............................                                       1,124,572.92

Inventories _.........................------------........_„..............------...........„.......................                                      2,113,935.12

Total Current Assets__........................................................................
 

Fixed Assets (less Depreciation):
Real Estate and Buildings...
 

Machinery, Tools, Patterns and Equipment...

Office and Store I'urniture and Fixtures.............

Delivery and Auto Equipment........................................
 

Total Fixed Assets.......................................................„...................

Construction 1925, including New Factory Building,
Machinery, Installation and Development Work...........

Prepaid Insurance, Taxes, Interest, Etc.

Goodwill, Patents, Trade Marks, Etc. :

Parent   Company  —.........--------------------------....................,

Subsidiaries  —.....-........—.....__........___.............._________^__
 


 

$3,558,803.93
 

$  750,697.13

421,214.30

37,468.93

21,160.61
 

>
1,230,540.97
 


 


 

425,730.57
 


 

70,387.74
 

$2,503,312.16
367,184.49
 

2,870,496.65
 


 


 

$8,155,959.86
 

CERTIFICATE (
 

We have examined the books and records of the MANHATTAN ELECTRICAL SUPPLY COMPANY, Inc.,
opinion, the true financial position of the Company at December 31, 1925.   The cash has been verified, either by act"^!
cost or market, whichever was the lower at December 31, 1925, and the trade acceptances, notes and accounts receivable ha
far as could be ascertained all known liabilities have been recorded.

New York, February 26, 1926.