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ttof <br /> 61, <br /> • <br /> NUNEZ CONSTRUCTION, INC. <br /> NOTES TO THE FINANCIAL STATEMENTS <br /> FOR THE YEAR ENDED DECEMBER 31,2017 <br /> rr <br /> (READ THE INDEPENDENT ACCOUNTANTS' REVIEW REPORT) <br /> NOTE 4-CONTRACTS IN PROGRESS <br /> 4tr <br /> Costs, estimated earnings, and billings on uncompleted contracts are summarized as follows: <br /> itY Costs incurred on uncompleted contracts $ 6,008,819 <br /> i Estimated earnings 1,842,634 <br /> p , 7,851,453 <br /> Less Billings to date (8,078,698) <br /> $ (227,245) <br /> Costs and estimated earnings in excess <br /> of billings on uncompleted contracts- . $ 18,150 <br /> tit" <br /> .,,. Vii: <br /> ti► Billings in excess of costs and estimated'jli;" <br /> earnings on uncompleted contiacts (245,395) <br /> � t <br /> $ (227,245) <br /> L <br /> NOTE 5 - STOCKHOLDER'S . QT9TY <br /> 111, x? <br /> The Company has 500 shares of morts,tock authorized, issued and outstanding at $1 par <br /> value. Additional paid:incapitilt ,, estricted solely to use for Company operations. <br /> NOTE 6-RELAT D R TRANSACTIONS <br /> The Company paid office 'verhead for the year ended December 31, 2017 totaling <br /> approximately$15,000 to.a' -'omparty in which the stockholder holds a one-half interest. <br /> NOTE 7- SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION <br /> Cash paid for interest and income taxes for the year ended December 31, 2017 were as follows: <br /> fir <br /> ibo Interest $ 2,953 <br /> Income Taxes $ - <br /> 0 <br /> -9- <br /> gar <br />