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NUNEZ CONSTRUCTION,INC. <br /> NOTES TO THE FINANCIAL STATEMENTS <br /> FOR THE YEAR ENDED DECEMBER 31,2017 <br /> (READ THE INDEPENDENT ACCOUNTANTS' REVIEW REPORT) <br /> 4 <br /> NOTE 4- CONTRACTS IN PROGRESS <br /> Costs, estimated earnings, and billings on uncompleted contracts are summarized as follows: <br /> Costs incurred on uncompleted contracts $ 6,008,819 <br /> r Estimated earnings 1,842,634 <br /> 7,851,453 <br /> Less Billings to date (8,078,698) <br /> $ (227,245) <br /> Oliv <br /> Costs and estimated earnings in excess 4,4 <br /> of billings on uncompleted contracts �, $ 18,150 <br /> Billings in excess of costs and estimated* <br /> earnings on uncompleted contracts (245,395) <br /> $ (227,245) <br /> fir+ <br /> NOTE 5 - STOCKHOLDER'S EQ YITY <br /> The Company has 500 shares of cbmxnon.stock authorized, issued and outstanding at $1 par <br /> value. Additional paid in capital is restricted solely to use for Company operations. <br /> lilt► <br /> NOTE 6-RELATED PARTY TRANSACTIONS <br /> ter► <br /> The Company paid ofce verhead for the year ended December 31, 2017 totaling <br /> approximately$15,000 to aompany in which the stockholder holds a one-half interest. <br /> NOTE 7- SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION <br /> +floc <br /> Cash paid for interest and income taxes for the year ended December 31, 2017 were as follows: <br /> lir Interest $ 2,953 <br /> +�irr <br /> Income Taxes $ - <br /> +1 r <br /> %), -9- <br /> * <br /> + r <br /> 'err► <br />