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<br />BUDGET CONSTRUCTION CO., INC. AND BUDGET HOLDINGS, LLC <br />COMBINED STATEMENTS OF RETAINED EARNINGS <br /> <br /> Years Ended December 31, <br /> 2008 2007 <br />Retained earnings, beginning of year $ 2,415,637 $ 2,138,260 <br />Net income 400,362 693,377 <br />Total 2,815,999 2,831,637 <br />Less: distributions to stockholders ( 416,000) <br />Retained earnings, end of year $ 2,815,999 $ 2,415,637 <br /> <br />The accompanying notes are an integral part <br />of the combined financial statements. <br /> <br />4 <br /> <br />Benitez & Company, CPA:s <br />