Laserfiche WebLink
<br />SBLM ARCHITECTS, P.C. <br />(AN S CORPORATION) <br /> <br />STATEMENT OF INCOME AND RETAINED EARNINGS <br /> <br />FOR THE YEAR ENDED DECEMBER 31, 2008 <br /> <br />Net fees earned <br /> <br />$18,487.733 <br /> <br />Expenses: <br />Direct <br />Indirect <br />Depreciation <br /> <br />$10,489,302 <br />5,084,801 <br />236,786 <br /> <br />Total expenses <br /> <br />15.810,889 <br /> <br />Income from operations <br /> <br />2,676,844 <br /> <br />Other income (expenses): <br />Loss from investment in partnership <br />Interest income <br />Dividend income <br />I nterest expense <br /> <br />(12,555) <br />16,754 <br />60,265 <br />(16,316) <br /> <br />Other income (expenses) <br /> <br />48,148 <br />2,724,992 <br />2,060,943 <br />664,049 <br /> <br />Income before shareholders' and employees' bonuses <br /> <br />Shareholders' and employees' bonuses <br /> <br />Income before provision for income taxes <br /> <br />I ncome taxes <br /> <br />136.747 <br />527,302 <br /> <br />Net income <br /> <br />Distributions <br /> <br />(185,701 ) <br />3.524,232 <br />$ 3.865.833 <br /> <br />Retained earnings - January 1, 2008 <br /> <br />Retained earnings - December 31,2008 <br /> <br />See accountants' review report and notes to financial statements. <br />