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<br />I " <br /> <br />CONSTRUCT GROUP CORP. <br />STATErvlENTS OF OPERATIONS AND RETAINED EARNINGS <br />FOR TIlE YEARS ENDED DECEtvlBER 31, <br /> <br /> 2009 20()S <br />Contract revenues carned $ 11,208,994 $ 13,960,808 <br />Cost of revenues earned 10.075.935 10,925,312 <br />Gross profit 1,133,059 3,035,496 <br />General and administrative expenses 1,448.073 1,563,946 <br />Income (Loss) fi'om operations (315,014) 1,471,550 <br />Other income and (expense) <br />Interest income 106,802 4.819 <br />Other income 140,500 <br />Interest expense (72,220) (33,893) <br /> 175,082 (29,074) <br />Net Income (Loss) (139,932) 1,442,476 <br />Retained earnings at the beginning of the year 3.272,497 2,196,021 <br />Dividend distribution (139,470) (366,000) <br />Retained earnil1(JS at the end of the year S 2,993,095 $ 3,272,497 <br />o . <br /> <br />The accompanying notes are an integral part of this statement <br />4 <br />