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0 <br /> ® FINANCIAL BACKGROUND 5 <br /> 0 <br /> 0 <br /> 0 <br /> O Fahlgren, Inc. and Subsidiaries <br /> ® dba Fahlgren Mortine <br /> Consolidated Statements of Income <br /> ® Years Ended December 31, 2015 2014 <br /> O [omissions and Fees Revenue $ 31,189,257 5 29,532,374 <br /> O Costs and Expenses <br /> O Salaries and related expenses 22,498,275 21,153,626 <br /> General and administrative expenses 8,114,187 7,829,116 <br /> Total Costs and Expenses 30,612,462 28,982,742 <br /> ® Operating Income 576,795 549,632 <br /> 0 Other Income(Expense) <br /> Interest income 1,528 1,288 <br /> ® Interest expense (38,403) (27,643) <br /> Other income 10,610 327 <br /> 0 <br /> 0 <br /> Net Other Expense (26,265) (26,028) <br /> 0 Income Before Provision for Income Taxes 550,530 523,604 <br /> 0 <br /> Provision for Income Taxes 290,743 255,176 <br /> ® Net Income $ 259,787 S 268,428 <br /> 0 <br /> ® See accompanying notes to the consolidated financial statements. <br /> 0 <br /> 00 <br /> 0 <br /> 0 <br /> 0 5 <br /> 0 <br /> O TURNER 57 RFP: 17-10-01 <br /> 0C <br />