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SUPERIOR LANDSCAPING &LAWN SERVICE, INC. AND AFFILIATE
<br /> BALANCE SHEETS
<br /> JUNE 30,2016 .
<br /> ASSES SUPERIOR OTERO EIiuunatingFairy Total
<br /> • CURRENT ASSETS
<br /> Cash $ 891;903 $ 5,676 $ - $ 897;579
<br /> Contracts receivable(net of allowance) 4,296,567 - - 4,296,567
<br /> Prepaid expenses 113,241 - - 113,241
<br /> Costs and estimated earning in excess of billings-
<br /> on
<br /> illings on uncompleted contracts 563,536 - - 563 536
<br /> Total currant assets 5,865,247 5,676 - 5,870,923
<br /> PROPERTY AND EQUIPMENT—NET 1,320,856 482,097 - 1,802,953
<br /> Oi l I ER ASSETS 53,612 16,441 - 70,053
<br /> $ 7,239,715 $ 504,214 8 - $ 7,743,929
<br /> LIABILITIES AND STOCK HOIDER'S.EQIJI'1'1'
<br /> • CURRENT LIABILITIES
<br /> Short term-borrowings $ 460,000 $ - $ - $ 460,000 I
<br /> Current portion of long-tcnn debt 218,357 17,986 - 236,343 1
<br /> Accounts payable—trade 859,622 7,787 - 867,409
<br /> Accnted liabilities 28,403 - - 28,403
<br /> Billings in excess of costs and estimated earnings I
<br /> on uncompleted contracts — 2,444,337 - - 2,444,337 I
<br /> Total current liabilities 4,010,719 25,773 - 4,036,492
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<br /> LONG-TERM DEBT 275,272 419,524 - 694,796I
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<br /> STOCKHOLDER'S EQUITY I
<br /> Common stock—100 shares of$1 par value I
<br /> authorized,issued and outstanding 100 - - 100
<br /> Additional paid iii capital 400 .65,998 - 66,398
<br /> Retained earnings(deficit) 2,953;224 (7,081) - 2,946,143
<br /> 2,953,724 58,917 - 3,012,641
<br /> •
<br /> 7,239,715 $ 504,214 $ - 8 7,743,9.29
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<br /> Th6'accoiuprinying notes arc an integral part of these statements
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