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® FINANCIAL BACKGROUND 5 <br /> ® Fahlgren, Inc. and Subsidiaries <br /> ® dba Fahlgren Mortine <br /> Consolidated Statements of Income <br /> ® (Restated) <br /> Years Ended December 31, 2016 2015 <br /> • <br /> ® Commissions and Fees Revenue $ 30,561,635 $ 30,904,066 <br /> ® Costs and Expenses <br /> Salaries and related expenses 22,187,745 22,498,275 <br /> ® General and administrative expenses 7,473,108 8,114,187 <br /> ® Total Costs and Expenses 29,660,853 30,612,462 <br /> ® Operating Income 900,782 291,604 <br /> ® Other Income(Expense) <br /> Interest income 1,500 1,528 <br /> ® Interest expense (22,957) (38,403) <br /> Other income 88,260 10,610 <br /> ® Net Other Income(Expense) 66,803 (26,265) <br /> • <br /> ® Income Before Provision for Income Taxes 967,585 265,339 <br /> ® Provision for Income Taxes 660,627 185,222 <br /> ® Net Income $ 306,958 $ 80,117 <br /> • <br /> See accompanying notes to the consolidated financial statements. <br /> 0 <br /> 0 <br /> i <br /> ® 5 <br /> 0 <br /> O <br /> 410 <br /> ® TURNER 69 RFP: 17-10-01 <br /> 0 <br />