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HEWETT-KIER CONSTRUCTION, INC. <br /> 410 STATEMENT OF INCOME AND RETAINED EARNINGS <br /> FOR THE YEAR ENDED DECEMBER 31, 1998 <br /> REVENUES <br /> Construction contracts 529,658,206 <br /> Interest and other 361,368 <br /> Total revenues 30,019,574 <br /> COSTS AND EXPENSES <br /> Construction costs 28,371,478 <br /> Administrative expenses 1,410,119 <br /> Total costs and expenses 29781,597 <br /> NET INCOME 237,977 <br /> *RETAINED EARNINGS - Beginning 3,121,493 <br /> DISTRIBUTIONS ( 100,000) <br /> RETAINED EARNINGS- Ending 05_125944n <br /> See accompanying notes and accountants' review report <br /> 3 <br /> remit-un cite . cinnuftOU . £„KKAT STEIN G COMRANY <br />