\pgldobl00 f\l0 :*LB  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 --   - . .0Educational services/g_Balance Sheet, Income Statement, and Selected Items, by Minor Industry, by Size of Total Assets   - . .0*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 61" "Zero "under "under "under "under "under "under  "under  "under  "under  #or $ %Total%Assets~ &Y@~ &@o@~ &@@~ &@@~ &@~ &@~  &j@~  &j@~  &j@  'more 0 ( 1 Number of returns.................. ~ 4@~ 4@ (*** (*3,053 (*1,887 (*573~ (@~ ("@~ (=@ (***~ (@ (***  0 ( 2 Total assets....................... ~ 4d (- (*** (*481,888 (*686,487 (*378,435~ 4:{S~ 40Q@~ 4A (***~ 4}A (***  0 ( 3 Cash............................. ~ 4ާ; (- (*** (*154,949 (*12,119 (*83,445~ 4zA~ 4@@~ 4@ (***~ 4@@ (***  0 ( 4 Notes and accounts receivable.... ~ 4A (- (***(*23,090(*2,960(*3,707~ 4@~ 4@~  4`@  (***~  4;@  (*** 0( 10 Loans to shareholders............ ~ 4HA (- (***(*4,405(*99,447 (-~ 4@~ (C@~  4@  (***~  4ʴ@  (*** 0( 11 Mortgage and real estate loans... (*35,981 (- (*** (-(*28,336 (- (- (-~  (J@  (***  (-  (*** 0( 12 Other investments................ ~ 4@ (- (*** (- (- (*638~ 4@~ 4:@~  4`Y@  (***~  4^@  (*** 0( 13 Depreciable assets............... ~ 4؛DA (- (***(*423,533(*323,274(*323,715~ 4%A~ 4@C@~  4( A  (***~  4@  (*** 0( 14 Less: Accumulated depreciation ~ 4l6A (- (***(*300,210(*142,598(*115,343~ 4%A~ 4W@~  4@  (***~  4@  (*** 0( 15 Depletable assets................ (*4,106 (- (*** (- (-(*4,106 (- (-  (-  (***  (-  (*** 0( 16 Less: Accumulated depletion... (*3,880 (- (*** (- (-(*3,880 (- (-  (-  (***  (-  (*** 0( 17 Land............................. ~ 4A (- (***(*46,362(*54,346(*24,480~ (@ (-~  4@~@  (***~  4@  (*** 0( 18 Intangible assets (Amortizable).. ~ 4A (- (***(*54,789(*67,931(*44,715(*10,666~ 4@~  4@  (***~  4l@  (*** 0( 19 Less: Accumulated amortization ~ 4 @ (- (***(*1,944(*34,498(*18,979(*4,355~ (@~  4@  (***~  4@  (*** 0( 20 Other assets..................... ~ 4 A (- (***(*35,376(*89,909(*9,560~ 42@~ 4L@~  4q@  (***~  4A@  (*** 0( 21 Total liabilities.................. ~ 4d (- (***(*481,888(*686,487(*378,435~ 4:{S~ 40Q@~  4A  (***~  4}A  (*** 0( 22 Accounts payable................. ~ 4@eA (- (***(*15,160(*6,276(*15,310~ 4Y@~ 4@~  4@  (***~  4B@  (*** 0( 23 Mort, notes, and bonds under 1 yr ~ 4A (- (***(*43,473(*18,089(*15,822~ 4`4@~ 4@~  4@  (***~  4=@  (***  l@!@"@#@$@%@&@'@(@)@* @+ @,@-@.@/ @0 @1@2@3@4@5@6@7@8@9@:@;@<@=@>@?@0 ( 24 Other current liabilities........ ~ 4CC (- (*** (*67,489 (*203,013 (*57,368~ 4 A~ 4@~ 4p@ (***~ 4 A@ (***  0!( 25 Loans from shareholders.......... ~ !4&0A !(- !(***!(*366,304!(*266,795!(*16,658!(*3,254 !(-~ ! 4Ӿ@ ! (***~ ! 4@ ! (***! !0"( 26 Mort, notes, bonds, 1 yr or more. ~ "4 *A "(- "(***"(*106,752"(*253,150"(*108,473~ "4hA~ "4 @~ " 4 @ " (***~ " 4@ " (***" "0#( 27 Other liabilities................ ~ #4@ #(- #(*** #(*1#(*10,631 #(*#(*6,765~ #(]@~ # 4@ # (***~ # 42@ # (***# #0$( 28 Net worth........................ ~ $4+A $(- $(***$( *-117,291$(*-71,467$(*164,803~ $4^%A~ $4@~ $ 4 A $ (***~ $ 4`e@ $ (***$ $0%( 29 Capital stock................... ~ %4@ %(- %(***%(*35,745%(*14,476%(*6,220~ %4I@~ %(L@~ % (@ % (***~ % (`{@ % (***% %0&( 30 Additional paid-in capital...... ~ &4*%A &(- &(***&(*2,527&(*301,886&(*17,785~ &4@~ &4|@~ & 4@ & (***~ & 4H@ & (***& &0'( 31 Retained earnings-unappropriated ~ '4:A '(- '(***'( *-155,563'( *-387,830'(*140,798~ '4"&~ '4@@~ ' 4A ' (***~ ' 4\A ' (***' '0(( 32 Less: Cost of treasury stock... ~ (4@ ((- ((*** ((- ((- ((-~ ((0@~ ((Y@~ ( 4u@ ( (***~ ( 4@ ( (***( (0)( 33 Total receipts..................... ~ )4*9~ )4A )(***)( *1,989,359)( *1,014,290)(*890,779~ )46~ )4A~ ) 4%A ) (***~ ) 4K*A ) (***) )0*( 34 Business receipts................ ~ *4j~ *4_A *(****( *1,988,392*( *1,012,268*(*888,733~ *4v~ *4(A~ * 4E%A * (***~ * 4M3 * (**** *0+( 35 Interest on govt. obligations.... ~ +(`@ +(- +(*** +(- +(- +(-~ +(W@~ +(F@~ + (@f@ + (***~ + (U@ + (***+ +0,( 36 Net gain, noncapital assets...... ~ ,4@,(*3,975 ,(*** ,(- ,(-~ ,(5@~ ,4@~ ,(4@~ , ( @ , (***~ , (K@ , (***, ,0-( 37 Other receipts................... ~ -4i@-(*3,132 -(*** -(*967-(*2,021-(*2,026~ -4N@~ -4d@~ - 4@@ - (***~ - 4@ - (***- -0.( 38 Total deductions................... ~ .4ͻ~ .4ZA .(***.( *1,894,448.( *1,059,489.(*823,705~ .4~ .4@A~ . 4#A . (***~ . 4xB)A . (***. .0/( 39 Cost of goods sold............... ~ /4LEAA/(*99,114 /(***/(*270,625/(*15,657/(*294,726~ /4$A~ /4@~ / 49@ / (***~ / 4>  / (***/ /00( 40 Compensation of officers......... ~ 04l)A0(*22,542 0(***0(*337,1740(*17,6340(*45,758~ 04`A~ 04)@~ 0 4@@ 0 (***~ 0 4@ 0 (***0 001( 41 Salaries and wages............... ~ 142>~ 14:A 1(***1(*581,2761(*593,9361(*83,077~ 14v?U~ 14 @~ 1 48 A 1 (***~ 1 4 @ 1 (***1 102( 42 Repairs.......................... ~ 24xWA~ 24ʱ@ 2(***2(*11,0632(*11,7822(*39,448~ 24 @~ 24@~ 2 4S@ 2 (***~ 2 4~@ 2 (***2 203( 43 Bad debts........................ ~ 34@@3(*3,133 3(*** 3(-~ 34@ 3(*4373(*3,115~ 3("@~ 3 4I@ 3 (***~ 3 4m@ 3 (***3 304( 44 Rent paid on business property... ~ 44,~ 44 9@ 4(***4(*55,0474(*46,1744(*46,875~ 44" A~ 44׿@~ 4 4@ 4 (***~ 4 4@ 4 (***4 405( 45 Taxes paid....................... ~ 54UA~ 54@ 5(***5(*80,4355(*51,4555(*18,263~ 54p/A~ 54@~ 5 4y@ 5 (***~ 5 4z@ 5 (***5 506( 46 Interest paid.................... ~ 64@6(*4,073 6(***6(*17,0516(*16,7196(*1,869~ 64@~ 6(@@~ 6 4@ 6 (***~ 6 4@ 6 (***6 607( 47 Amortization..................... ~ 74@7(*1,047 7(***7(*9,6197(*3,0517(*4,1017(*1,334~ 7(9@~ 7 4\@ 7 (***~ 7 (0}@ 7 (***7 708( 48 Depreciation..................... ~ 84A~ 84@ 8(***8(*20,3318(*34,0258(*54,346~ 84u@~ 84x@~ 8 4@=@ 8 (***~ 8 4M@ 8 (***8 809( 49 Depletion........................  9(- 9(- 9(*** 9(- 9(- 9(- 9(- 9(- 9 (- 9 (*** 9 (- 9 (***9 90:( 50 Advertising...................... ~ :4@dA~ :4@ :(***:(*31,707:(*14,571:(*47,126~ :4`@~ :4ָ@~ : 4@ : (***~ : 4@ : (***: :0;( 51 Pension, prof sh, stock, annuity. ~ ;4pb@~ ;(@P@ ;(***;(*18,156;(*1,455 ;(*220~ ;4@~ ;4@~ ; 4n@ ; (***~ ; 4@ ; (***; ;0<( 52 Employee benefit programs........ ~ <4ȫA<(*2,952 <(***<(*57,713<(*54,244<(*6,924~ <4 '@~ <4@~ < 40@ < (***~ < 4@ < (***< <0=( 53 Net loss, noncapital assets...... ~ =4V@~ =4@ =(*** =(-~ =4 @ =(-~ =("@ =(-~ = (&@ = (***~ = (w@ = (***= =0>( 54 Other deductions................. ~ >42~ >4 @ >(***>(*404,251>(*192,393>(*180,534~ >4x{'A~ >4W@~ > 4A > (***~ > 4q@ > (***> >0?( 55 Total receipts less total deducts.. ~ ?4Vk.~ ?4@ ?(***?(*94,911?(*-45,199?(*67,074~ ?4hA~ ?4@~ ? 4@ ? (***~ ? 4@ ? (***? ?@@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)............. ~ A47~ A4^@ A(***A(*95,685A(*-42,830A(*90,350~ A40A~ A4@~ A 4@ A (***~ A 4@@ A (***A A0B( 57 1120S corporation net income..... ~ B4>SN~ B4XA B(***B(*163,176B(*44,345B(*158,343~ B41A~ B4@~ B 4@ B (***~ B 4@@ B (***B B0C( 58 1120S corporation deficit........ ~ C4AC(*23,650 C(***C(*67,491C(*87,176C(*67,993C(*27,039~ C4b@~ C 4@ C (***~ C 4@ C (***C 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............... ~ E4&^.~ E4@ E(***E(*94,911E(*-45,199E(*67,074~ E4A~ E4@@~ E 4@ E (***~ E 4`@ E (***E E0F( 60 Net income....................... ~ F4E~ F4`@ F(***F(*162,753F(*42,025F(*140,585~ F4A~ F4 @~ F 4 E@ F (***~ F 4@ F (***F F0G( 61 Deficit.......................... ~ G4fAG(*29,488 G(***G(*67,843G(*87,224G(*73,511G(*27,045~ G4p@~ G 4 @ G (***~ G 44@ G (***G G0H( Portfolio income (less deficit) H( H(H(H(H(H(H(H(H (H (H (H (H H0I( 62 distributed to shareholders:..... ~ I4P*AI(*104,678 I(*** I(*775I(*2,369I(*23,276~ I4@~ I(u@~ I 4C@ I (***~ I 4@ I (***I I0J( 63 Dividend income.................. ~ J4 @ J(*11 J(*** J(- J(-J(*1,841 J(*438~ J( @~ J (@ J (*** J (- J (***J J0K( 64 Interest income.................. ~ K49@ K(*476 K(*** K(*775K(*1,878K(*1,316~ K4'@~ K(s@~ K 4@ K (***~ K (@ K (***K K0L( 65 Royalty income (less loss)....... ~ L4b@ L(- L(*** L(- L(- L(- L(- L(-~ L (V@ L (***~ L 4d@ L (***L L0M( 66 Net S-T capital gain (less loss). ~ M(P@~ M(@R@ M(*** M(- M(*490 M(-M(~ M(@~ M (`b@ M (*** M (- M (***M M0N( 67 Net L-T capital gain (less loss). ~ N4M@~ N4`k@ N(*** N(- N(-~ N4@~ N(H~ N(7@~ N ({ N (***~ N (s@ N (***N N0O( 68 Other portfolio income (net).....  O(- O(- O(*** O(- O(- O(- O(- O(- O (- O (*** O (- O (***O O0P( Real estate rental net income P( P(P(P(P(P(P(P(P (P (P (P (P P0Q( 69 (less deficit)................. ~ Q4=@ Q(- Q(*** Q(- Q(- Q(-Q(*2,211 Q(-~ Q 4@ Q (***~ Q ( v@ Q (***Q Q0R( 70 Net income....................... R(*4,770 R(- R(*** R(- R(- R(-R(*2,234 R(-~ R 4ؘ@ R (***~ R ( v@ R (***R R0S( 71 Deficit.......................... ~ S(@Y@ S(- S(*** S(- S(- S(-~ S(7@ S(-~ S (S@ S (*** S (- S (***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.......... ~ U(<@ U(- U(*** U(- U(- U(- U(- U(-~ U (6@ U (***~ U (@ U (***U U0V( 73 Net income....................... ~ V(<@ V(- V(*** V(- V(- V(- V(- V(-~ V (6@ V (***~ V (@ V (***V V0W( 74 Deficit..........................  W(- W(- W(*** W(- W(- W(- W(- W(- W (- W (*** W (- W (***W W0X( 75 Total income tax before credits.... X(*3,616~ X(t@ X(*** X(- X(-~ X4X@ X(-~ X(?~ X (=@ X (*** X (- X (***X X0Y( 76 Built-in gains tax............... Y(*3,616~ Y(t@ Y(*** Y(- Y(-~ Y4X@ Y(-~ Y(?~ Y (=@ Y (*** Y (- Y (***Y Y0Z$( 77 Excess net passive income tax....  Z)- Z)- Z)*** Z)- Z)- Z)- 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_> "