\pgldobl00 f\l0 ])IB  dMbP?_"*+%1 Arial1 Arial1 Arial1 Arial1 Arial1 Arial1' Courier Newrier New 04d<1 Arial1 Arial1 xArial&?'?(?)?M d"d??@V General00.00#,##0 #,##0.00#,##0_);\(#,##0\)#,##0_);[Red]\(#,##0\)#,##0.00_);\(#,##0.00\)#,##0.00_);[Red]\(#,##0.00\)"$"#,##0_);\("$"#,##0\)"$"#,##0_);[Red]\("$"#,##0\) "$"#,##0.00_);\("$"#,##0.00\)%""$"#,##0.00_);[Red]\("$"#,##0.00\)0%0.00% 0.00E+00 #\ ?/? #\ ??/?? m/d/yyyy d\-mmm\-yy d\-mmm mmm\-yy h:mm\ AM/PMh:mm:ss\ AM/PMh:mm h:mm:ssm/d/yyyy\ h:mm ##0.0E+0mm:ss@52_("$"* #,##0_);_("$"* \(#,##0\);_("$"* "-"_);_(@_),)_(* #,##0_);_(* \(#,##0\);_(* "-"_);_(@_)=:_("$"* #,##0.00_);_("$"* \(#,##0.00\);_("$"* "-"??_);_(@_)41_(* #,##0.00_);_(* \(#,##0.00\);_(* "-"??_);_(@_)C C  C  C  C  C C C C C C C C C C C  C ! C  C  C  C  C #C &XAC #0C  HAC #XAC #xAC #xAC  hAC &xAC &xAC "AC "AC "AC "AC "AC  hAC "AC "AC "AC #xAC #xAC #XAC #xAC &XAC #XAC #xAC #XAC !XAC !xAC !xAC  HAC #|AU} (}  }  \l@@ @@ @@@@ @ @ @ @ @@@@@@@@@@@@@@@@@@@<04S Corporations - Returns With and Without Net Income/=52003 Corporation Source Book of Statistics of Income,   - . .0/tlIncome Tax Returns of Active 1120S Corporations with Accounting Periods Ended July 2003 Through June 2004 --   - . ./0'Professional, scientific, and technical/g_Balance Sheet, Income Statement, and Selected Items, by Minor Industry, by Size of Total Assets   - . .0services*x,p(All figures are estimates based on samples--money amounts and size of total assets are in thousands of dollars),,,,,, , , * + +1     2Size of Total Assets     ~ ?~  Y@~  @o@~  @@~  @@~  @~  @~  j@~  j@~  !j@ SECTOR CODE 54" "Zero "under "under "under "under "under "under  "under  "under  "under  #or $ %Total%Assets~ &Y@~ &@o@~ &@@~ &@@~ &@~ &@~  &j@~  &j@~  &j@  'more 0 ( 1 Number of returns.................. ~ 4xMA~ 4@~ 4A~ 4@~ 4@~ 4@~ 4@~ (P@~ ((@~ (@`@~ (K@~ (@@  0 ( 2 Total assets....................... ~ 4# (-~ 4~ 4 o~ 4օ~ 4z~ 4 ~ 4&0]~ 4^Y~ 4r~ 4m~ 4N  0 ( 3 Cash............................. ~ 4 (-~ 4~ 4=~ 4n~ 4_~ 4JA~ 4c~ 4\~ 4I%A~ 4A~ 46  0 ( 4 Notes and accounts receivable.... ~ 4jc (-~ 4-!~ 4n68~ 4.A~ 404A~ 4%~ 4H~ 4N֏~ 4l4A~ 4JE~ 4o  0 ( 5 Less: Allowance for bad debts. ~ 4A (- (*1,967 (*209,048 (*5,576 (*557~ 4@~ 4@~ 4@@~ 4U@~ 4@~ 4@  0( 6 Inventories...................... ~ 4 (-~ 4(A~ 4A~ 4A~ 4ľA~ 4N'~ 4@@~  4اA~  4PA~  4`@~  4/@ 0( 7 U.S. govt. obligations, total.... ~ 4A (-( (-(*6,020 (-(*219,480~ 4@~  4-@~  4@~  (I@~  (i@ 0( 8 Tax-exempt securities............ ~ 4 A (- (*369(*20,780(*22,858(*33,610(*36,499~ 4@~  4@~  4@~  4@~  4@ 0( 9 Other current assets............. ~ 4 Š (-~ 4A~ 4>~#~ 469&~ 4'A~ 4H~ 4+A~  4+A~  4ԛA~  48P A~  4"A 0( 10 Loans to shareholders............ ~ 4 (-~ 4/~ 4l#A~ 4w$A~ 4bA~ 4#~ 4@~  4@nA~  4@~  4@~  4@ 0( 11 Mortgage and real estate loans... ~ 44A (-( (-~ (`d@(*81,083~ ( @(*11,865~  4}@~  4@~  (3@~  4 A 0( 12 Other investments................ ~ 4z` (-~ 4A~ 4 5A~ 4Ng+~ 4r7~ 4u~ 4@2A~  4N~  4,2~  4YA~  4&y 0( 13 Depreciable assets............... ~ 4  (-~ 4* s~ 4j~ 4>~ 4~ 4Z~ 4>2G~  4~  4E~  4J~  49A 0( 14 Less: Accumulated depreciation ~ 4Z (-~ 4n~ 4.@(~ 4^ ~ 4~ 4j~ 4@?@0 ( 24 Other current liabilities........ ~ 4hA (-~ 4ƫa~ 4J~ 4E~ 4Z~ 4>t~ 4 P(A~ 4~]~ 4Q(A~ 4;%~ 49B  0!( 25 Loans from shareholders.......... ~ !4S !(-~ !4TJA~ !4~ !4.}~ !4~ !4&DA~ !4A~ ! 4`A~ ! 4i A~ ! 4 A~ ! 4@! !0"( 26 Mort, notes, bonds, 1 yr or more. ~ "4X "(-~ "4Q~ "4Q~ "4g~ "4JR~ "4EA~ "4A~ " 4.GA~ " 4,A~ " 4\&A~ " 4?" "0#( 27 Other liabilities................ ~ #4f #(-~ #4A~ #4_A~ #4A~ #4@%@~ #4A~ #4=A~ # 4\DA~ # 4 A~ # 4(A~ # 4MN# #0$( 28 Net worth........................ ~ $4/ $(-~ $4V~ $4Y~ $4|2~ $4fJm~ $4vO~ $4*0~ $ 4~ $ 4h8A~ $ 4zNT~ $ 4~_$ $0%( 29 Capital stock................... ~ %4R %(-~ %4-A~ %4XA~ %4,J~ & 4A~ & 4x& &0'( 31 Retained earnings-unappropriated ~ '4ϊ '(-~ '4r.~ - 4 A~ - 4 m@~ - 4`@~ - 4A- -0.( 38 Total deductions................... ~ .4 >~ .4L~ .4bQ+~ .4p ~ .4? ~ .4F~ .4Ց~ .4JCS~ . 41~~ . 4~ . 4%~ . 4F?. .0/( 39 Cost of goods sold............... ~ /4Jx~ /43~ /4f~ /4~ /4{~ /4~ /4~ /4hKA~ / 4r&~ / 4~ / 4є~ / 4N/ /00( 40 Compensation of officers......... ~ 04K~ 04#2~ 04ֶ~ 04YA~ 04+!~ 04N~ 04|~ 04k<~ 0 4#~ 0 4A~ 0 4ZA~ 0 4A0 001( 41 Salaries and wages............... ~ 14ո ~ 14{6~ 14*~ 14G9~ 14$eA~ 14P~ 14<~ 14k~ 1 4~ 1 4BN~ 1 4,A~ 1 46q1 102( 42 Repairs.......................... ~ 24,4A~ 24o@~ 240zA~ 24EA~ 24@A~ 24@@~ 24($A~ 241@~ 2 4@~ 2 4@~ 2 4@~ 2 4R@2 203( 43 Bad debts........................ ~ 34$A~ 34`Q@~ 34uA~ 34P A~ 34 @~ 34B@~ 340@~ 34@~ 3 4@~ 3 4@~ 3 4b@~ 3 4c@3 304( 44 Rent paid on business property... ~ 44G~ 44@A~ 44z~ 44.f~ 443\~ 44m(A~ 44,A~ 44A~ 4 4(A~ 4 4pA~ 4 4@~ 4 4`(A4 405( 45 Taxes paid....................... ~ 54~ 54 A~ 54f߀~ 547A~ 543A~ 54U'~ 54$1A~ 54A~ 5 4;A~ 5 4h A~ 5 4<A~ 5 4(A5 506( 46 Interest paid.................... ~ 64NP~ 64`@~ 64U A~ 64KA~ 64AA~ 64^A~ 64XUA~ 64&@~ 6 40@~ 6 4`G@~ 6 4@~ 6 4L@6 607( 47 Amortization..................... ~ 740A~ 74R@~ 74@~ 74@@~ 74@~ 74R@~ 747@~ 74+@~ 7 4@~ 7 4@~ 7 4@~ 7 4@7 708( 48 Depreciation..................... ~ 84,~ 84o@~ 84)A~ 84 ~ 84A~ 841A~ 84q"A~ 84`A~ 8 4kA~ 8 4 n@~ 8 4`@~ 8 4pA8 809( 49 Depletion........................ ~ 9(B@ 9(- 9(- 9(- 9(- 9(-~ 9(B@ 9(- 9 (- 9 (- 9 (- 9 (-9 90:( 50 Advertising...................... ~ :4K~ :4 A~ :46_,~ :4A~ :4A~ :4ةA~ :4PA~ :4@~ : 4@n A~ : 4@@~ : 4M@~ : 4@: :0;( 51 Pension, prof sh, stock, annuity. ~ ;4nIA~ ;40@~ ;499~ ;41~ ;4HA~ ;4A~ ;4A~ ;44A~ ; 4@~ ; 49@~ ; 4D@~ ; 4 i@; ;0<( 52 Employee benefit programs........ ~ <4 ~ <4 @~ <4#A~ <4\A~ <4)A~ <488A~ <4!A~ <4 A~ < 4 A~ < 4A~ < 4p@~ < 4A< <0=( 53 Net loss, noncapital assets...... ~ =4@ =(*495=(*1,671=(*3,849 =(*362~ =(5@~ =4@~ =4D@~ = 4@~ = (@{@~ = 4 @~ = (@d@= =0>( 54 Other deductions................. ~ >4~ >4m:A~ >4~ >4lcA~ >4~ >4|~ >4:~ >40A~ > 4x?A~ > 4~1~ > 4h"A~ > 4> >0?( 55 Total receipts less total deducts.. ~ ?4B~ ?4P"A~ ?4> ~ ?4JB~ ?4(~ ?4t~ ?4v\~ ?4H~ ? 4uB~ ? 4YA~ ? 4A~ ? 4,A? ?@@AG@B@C@D@EG@F@G@H@IG@J@K@L@M@N@O@P@QG@R @S @T@UG@V@W@X@Y@Z@[0@( Total 1120S corporation net @( @(@(@(@(@(@(@(@ (@ (@ (@ (@ @0A( 56 income (less deficit)............. ~ A4jeZ~ A4ZFT~ A43~ A4v~ A4J~ A4fߠ~ A4KA~ A41U~ A 4$k3A~ A 4A~ A 4$A~ A 4!AA A0B( 57 1120S corporation net income..... ~ B4֮~ B4v~ B42j~ B4F ~ B44JA~ B4p)GA~ B4&~ B4 \~ B 4*:X~ B 4ؚ!A~ B 4ДA~ B 4,B B0C( 58 1120S corporation deficit........ ~ C4NqT~ C46"~ C4NMk~ C4&A~ C4V!~ C4lA~ C4&:~ C40l@~ C 40A~ C 4O@~ C 4@~ C 4hAC C0D( Net income (less deficit) from D( D(D(D(D(D(D(D(D (D (D (D (D D0E( 59 a trade or business............... ~ E45~ E48"A~ E4 ~ E43~ E4~ E4h)=A~ E4r0~ E4fH~ E 44B~ E 4<A~ E 4{A~ E 4AE E0F( 60 Net income....................... ~ F4fT~ F4~I~ F4fHc~ F4~ F4-~ F4֦~ F4N5~ F4hq4A~ F 43A~ F 4 A~ F 4A~ F 40K"AF F0G( 61 Deficit.......................... ~ G4b~ G4Q$~ G4;A~ G4p9'A~ G4$"~ G44A~ G4l-A~ G4pA~ G 4A~ G 4@~ G 4 @~ G 4HAG G0H( Portfolio income (less deficit) H( H(H(H(H(H(H(H(H (H (H (H (H H0I( 62 distributed to shareholders:..... ~ I4R/~ I4.~ I4p@~ I48A~ I4 !@~ I4B*~ I48LA~ I46A~ I 4A~ I 4@@~ I 4 @~ I 4`@I I0J( 63 Dividend income.................. ~ J4@~ J4 @~ J4D@~ J4@~ J4x@~ J4@~ J4@~ J4P@~ J 4Ӳ@~ J 4Q@~ J 4ʥ@~ J 4@J J0K( 64 Interest income.................. ~ K4N#~ K44@~ K4k@~ K40@~ K4@@~ K4@~ K4@~ K4@~ K 4@@~ K 4T@~ K 48@~ K 4@K K0L( 65 Royalty income (less loss)....... ~ L4@~ L(h@L(*11,559 L(- L(- L(-~ L(?~ L(x@~ L 4"@~ L (@~ L (@~ L (@L L0M( 66 Net S-T capital gain (less loss). ~ M4e@~ M(,@ M(*420M(*17,368 M(*-9M(*-30,846~ M4~ M4p@~ M 4v@~ M (؋@~ M 4@~ M 4@M M0N( 67 Net L-T capital gain (less loss). ~ N4~ N4&A~ N4@N(*365,429N(*-1,203~ N4$A~ N4xA~ N4@~ N 4P@~ N 4L@~ N 4@~ N 4_@N N0O( 68 Other portfolio income (net)..... ~ O4@ O(-O(*2,032 O(*315 O(-O(*1,331 O(*-346O(*1,054~ O (`j@~ O (I@~ O 4(@~ O 4@O O0P( Real estate rental net income P( P(P(P(P(P(P(P(P (P (P (P (P P0Q( 69 (less deficit)................. ~ Q4pA Q(*852Q(*11,203Q(*9,033Q(*44,234Q(*32,177~ Q4Q(*33,900~ Q 4@~ Q 4,@~ Q 4Ԕ@~ Q 4@Q Q0R( 70 Net income....................... ~ R4A R(*852R(*13,899R(*10,182R(*44,234R(*32,177~ R4h@R(*34,246~ R 4l@~ R 4½@~ R 4@~ R 4@R R0S( 71 Deficit.......................... ~ S4@@ S(-S(*2,697S(*1,149 S(- S(-~ S4@ S(*346~ S 4`@~ S (@~ S (u@~ S (x@S S0T( Net income (less deficit) from T( T(T(T(T(T(T(T(T (T (T (T (T T0U( 72 other rental activity.......... ~ U4= U(-U(*30,656U(*4,048 U(- U(-U(*-82,315~ U(6@~ U 44@~ U (r@~ U 4~ U 4@U U0V( 73 Net income....................... ~ V4@&@ V(-V(*30,656V(*4,048 V(- V(- V(*460~ V(6@~ V 4N@~ V (P@~ V (Pp@~ V 4@V V0W( 74 Deficit.......................... ~ W41@ W(- W(- W(- W(- W(-W(*82,776 W(-~ W 4f@~ W (k@~ W 4@~ W 4@W W0X( 75 Total income tax before credits.... ~ X4`@~ X4@ X(- X(- X(- X(*930~ X(@X(*1,067~ X (@~ X (`j@~ X 4@~ X 4@X X0Y( 76 Built-in gains tax............... ~ Y4 @~ Y4@ Y(- Y(- Y(- Y(-~ Y(@Y(*1,067~ Y (@~ Y (j@~ Y 4@~ Y 4@Y Y0Z$( 77 Excess net passive income tax....  Z)*930 Z)- Z)- Z)- Z)- Z)*930 Z)- Z)- Z )- Z )- Z )- Z )-Z Zg[3_Source: IRS, 2003 Corporation Source Book of Statistics of Income. Publication 1053. May 2006.[[[[[[[[[ [ [ [ [ [= x_7_> "