�\pgldobl00 f\l0 ])IB�  dMbP?_"*+�%�����1 ��Arial1 ��Arial1 ��Arial1 ��Arial1 ��Arial1 ��Arial1'�� Courier Newrier New 04d<1 ��Arial1 ��Arial1 x�Arial��&�?'�?(�?)�?M d���"d���?�?@V General00.00#,##0 #,##0.00#,##0_);\(#,##0\)#,##0_);[Red]\(#,##0\)#,##0.00_);\(#,##0.00\)#,##0.00_);[Red]\(#,##0.00\)"$"#,##0_);\("$"#,##0\)"$"#,##0_);[Red]\("$"#,##0\) "$"#,##0.00_);\("$"#,##0.00\)%""$"#,##0.00_);[Red]\("$"#,##0.00\)0%0.00% 0.00E+00 #\ ?/? #\ ??/?? m/d/yyyy d\-mmm\-yy d\-mmm mmm\-yy h:mm\ AM/PMh:mm:ss\ AM/PMh:mm h:mm:ssm/d/yyyy\ h:mm ##0.0E+0mm:ss@52_("$"* #,##0_);_("$"* \(#,##0\);_("$"* "-"_);_(@_),)_(* #,##0_);_(* \(#,##0\);_(* "-"_);_(@_)=:_("$"* #,##0.00_);_("$"* \(#,##0.00\);_("$"* "-"??_);_(@_)41_(* #,##0.00_);_(* \(#,##0.00\);_(* "-"??_);_(@_)C � �C � ��C � ��C � ��C � ��C � ��C � ��C � ��C � ��C � ��C � ��C � ��C � ��C � ��C � ��C  �C !� ��C � ��C  � ��C � ��C  � ��C #�C &XA�C #0�C  HA�C #XA�C #xA�C #xA��C  hA��C &xA�C &xA��C "A�C "A�C "A�C "A��C "A��C  hA�C "A�C "A�C "A�C #xA��C #xA�C #XA�C #xA�C &XA�C #XA�C #xA�C #XA�C !XA�C !xA��C !xA��C  HA�C #|A��������������U} �(}  �} � \�l�@�@� @�@ ��@��@��@��@ ��@ ��@ ��@ ��@ ��@��@��@��@�@��@��@��@��@��@��@��@��@��@��@��@��@��@��@<04S Corporations - Returns With and Without Net Income/=52003 Corporation Source Book of Statistics of Income,   - . .0/tlIncome Tax Returns of Active 1120S Corporations with Accounting Periods Ended July 2003 Through June 2004 --   - . ./0'Professional, scientific, and technical/g_Balance Sheet, Income Statement, and Selected Items, by Minor Industry, by Size of Total Assets   - . .0services*x,p(All figures are estimates based on samples--money amounts and size of total assets are in thousands of dollars),,,,,, , , * + +1     2Size of Total Assets     ~ �?~  Y@~  @o@~  @@~  @@~  @~  @~  j@~  j@~  !j@ SECTOR CODE 54" "Zero "under "under "under "under "under "under  "under  "under  "under  #or $ %Total%Assets~ &Y@~ &@o@~ &@@~ &@@~ &@~ &@~  &j@~  &j@~  &j@  'more 0 ( 1 Number of returns.................. ~ 4xMA~ 4@~ 4�A~ 4�@~ 4�@~ 4@~ 4@~ (P@~ ((@~ (@`@~ (K@~ (@@  0 ( 2 Total assets....................... ~ 4�#� (-~ 4��~ 4 o�~ 4օ~ 4z~ 4� �~ 4&0]~ 4^Y�~ 4r�~ 4m�~ 4N�  0 ( 3 Cash............................. ~ 4� (-~ 4�~ 4�=�~ 4n~ 4_�~ 4�JA~ 4c~ 4�\~ 4I%A~ 4A~ 4�6  0 ( 4 Notes and accounts receivable.... ~ 4jc� (-~ 4�-!~ 4n68~ 4.A~ 4�04A~ 4%~ 4H~ 4N֏~ 4l�4A~ 4JE~ 4o  0 ( 5 Less: Allowance for bad debts. ~ 4�A (- (*1,967 (*209,048 (*5,576 (*557~ 4@~ 4@~ 4@@~ 4U@~ 4@~ 4@  0( 6 Inventories...................... ~ 4� (-~ 4(A~ 4A~ 4�A~ 4ľA~ 4N�'~ 4@@~  4اA~  4PA~  4`@~  4/@ 0( 7 U.S. govt. obligations, total.... ~ 4�A (-( (-(*6,020 (-(*219,480~ 4@~  4�-@~  4@~  (I@~  (i@ 0( 8 Tax-exempt securities............ ~ 4� A (- (*369(*20,780(*22,858(*33,610(*36,499~ 4@~  4�@~  4@~  4@~  4@ 0( 9 Other current assets............. ~ 4 Š (-~ 4A~ 4>~#~ 469&~ 4'A~ 4H~ 4+A~  4+A~  4ԛA~  48P A~  4"A 0( 10 Loans to shareholders............ ~ 4� (-~ 4/~ 4l�#A~ 4w$A~ 4bA~ 4#~ 4@~  4@nA~  4@~  4@~  4@ 0( 11 Mortgage and real estate loans... ~ 4�4A (-( (-~ (`d@(*81,083~ ( @(*11,865~  4}@~  4@~  (3@~  4 A 0( 12 Other investments................ ~ 4z` (-~ 4�A~ 4 5A~ 4Ng+~ 4r7~ 4u~ 4@�2A~  4N~  4,2~  4YA~  4&y 0( 13 Depreciable assets............... ~ 4�  (-~ 4* s~ 4j�~ 4�>~ 4�~ 4Z~ 4>2G~  4�~  4E~  4J~  49A 0( 14 Less: Accumulated depreciation ~ 4Z (-~ 4n~ 4.@(~ 4^ �~ 4��~ 4j~ 4��@?��@0 ( 24 Other current liabilities........ ~ 4�hA (-~ 4ƫa~ 4J~ 4E~ 4Z~ 4>t�~ 4 P(A~ 4~]~ 4Q(A~ 4�;%~ 4�9B  0!( 25 Loans from shareholders.......... ~ !4S !(-~ !4TJA~ !4�~ !4.}~ !4�~ !4�&DA~ !4�A~ ! 4`�A~ ! 4i A~ ! 4� A~ ! 4@! !0"( 26 Mort, notes, bonds, 1 yr or more. ~ "4X� "(-~ "4Q~ "4�Q~ "4g~ "4J�R~ "4EA~ "4A~ " 4.GA~ " 4,�A~ " 4\&A~ " 4?" "0#( 27 Other liabilities................ ~ #4f� #(-~ #4A~ #4_A~ #4A~ #4@%@~ #4�A~ #4�=A~ # 4\DA~ # 4 A~ # 4(A~ # 4MN# #0$( 28 Net worth........................ ~ $4�/� $(-~ $4V�~ $4Y~ $4|2~ $4fJm~ $4vO~ $4*0�~ $ 4�~ $ 4h8A~ $ 4zNT~ $ 4~_�$ $0%( 29 Capital stock................... ~ %4R %(-~ %4-A~ %4X�A~ %4,J~ & 4A~ & 4�x& &0'( 31 Retained earnings-unappropriated ~ '4� '(-~ '4r�.~ - 4 A~ - 4 m@~ - 4`@~ - 4A- -0.( 38 Total deductions................... ~ .4� >~ .4L~ .4bQ+~ .4p ~ .4�? ~ .4F~ .4�~ .4JCS~ . 41~~ . 4�~ . 4�%~ . 4F?. .0/( 39 Cost of goods sold............... ~ /4Jx�~ /43~ /4f~ /4�~ /4�{~ /4�~ /4�~ /4hKA~ / 4r&�~ / 4�~ / 4�~ / 4N�/ /00( 40 Compensation of officers......... ~ 04K~ 04�#2~ 04�~ 04YA~ 04�+!~ 04N~ 04|~ 04k<~ 0 4�#~ 0 4A~ 0 4ZA~ 0 4A0 001( 41 Salaries and wages............... ~ 14� ~ 14{6~ 14*�~ 14G9~ 14$eA~ 14P�~ 14�<�~ 14k�~ 1 4��~ 1 4BN~ 1 4,A~ 1 46q1 102( 42 Repairs.......................... ~ 24,�4A~ 24o@~ 240zA~ 24EA~ 24@A~ 24@@~ 24($A~ 241@~ 2 4�@~ 2 4@~ 2 4@~ 2 4R@2 203( 43 Bad debts........................ ~ 34$A~ 34`Q@~ 34uA~ 34P� A~ 34 @~ 34B@~ 340@~ 34@~ 3 4@~ 3 4@~ 3 4b@~ 3 4c@3 304( 44 Rent paid on business property... ~ 44�G~ 44@�A~ 44z�~ 44�.f~ 44�3\~ 44m(A~ 44,A~ 44A~ 4 4(A~ 4 4pA~ 4 4��@~ 4 4`(A4 405( 45 Taxes paid....................... ~ 54~ 54� A~ 54f߀~ 54�7A~ 54�3A~ 54U'~ 54�$1A~ 54A~ 5 4�;A~ 5 4h� A~ 5 4<A~ 5 4(�A5 506( 46 Interest paid.................... ~ 64NP~ 64`@~ 64U A~ 64KA~ 64AA~ 64^A~ 64XUA~ 64&@~ 6 40@~ 6 4`G@~ 6 4@~ 6 4L@6 607( 47 Amortization..................... ~ 740�A~ 74R@~ 74@~ 74@@~ 74@~ 74R@~ 74�7@~ 74+@~ 7 4@~ 7 4@~ 7 4@~ 7 4@7 708( 48 Depreciation..................... ~ 84�,�~ 84o@~ 84�)A~ 84� ~ 84A~ 84�1A~ 84q"A~ 84`�A~ 8 4kA~ 8 4 n�@~ 8 4`@~ 8 4p�A8 809( 49 Depletion........................ ~ 9(B@ 9(- 9(- 9(- 9(- 9(-~ 9(B@ 9(- 9 (- 9 (- 9 (- 9 (-9 90:( 50 Advertising...................... ~ :4K�~ :4 �A~ :46_,~ :4�A~ :4A~ :4ةA~ :4PA~ :4@~ : 4@n A~ : 4@@~ : 4M@~ : 4�@: :0;( 51 Pension, prof sh, stock, annuity. ~ ;4nIA~ ;40@~ ;499~ ;4�1~ ;4HA~ ;4A~ ;4�A~ ;4�4A~ ; 4�@~ ; 4�9@~ ; 4D@~ ; 4 i@; ;0<( 52 Employee benefit programs........ ~ <4 ~ <4 @~ <4#A~ <4\�A~ <4�)A~ <488A~ <4!A~ <4� A~ < 4 A~ < 4A~ < 4p@~ < 4A< <0=( 53 Net loss, noncapital assets...... ~ =4@ =(*495=(*1,671=(*3,849 =(*362~ =(5@~ =4@~ =4D@~ = 4@~ = (@{@~ = 4 @~ = (@d@= =0>( 54 Other deductions................. ~ >4�~ >4m:A~ >4�~ >4lcA~ >4�~ >4|�~ >4�:~ >40A~ > 4x�?A~ > 4~�1~ > 4h�"A~ > 4�> >0?( 55 Total receipts less total deducts.. ~ ?4B�~ ?4P�"A~ ?4> �~ ?4JB�~ ?4(�~ ?4t~ ?4v\�~ ?4H~ ? 4uB~ ? 4YA~ ? 4A~ ? 4�,A? ?@�@A�G@B��@C��@D��@E�G@F��@G��@H��@I�G@J��@K��@L��@M��@N��@O��@P��@Q�G@R� @S� @T��@U�G@V��@W��@X��@Y��@Z��@[��0@( Total 1120S corporation net �@(� @(@(@(@(@(@(@(@ (@ (@ (@ (@ @0A( 56 income (less deficit)............. ~ A4jeZ~ A4ZFT~ A4�3�~ A4v~ A4J~ A4fߠ~ A4�KA~ A4�1U~ A 4$k3A~ A 4A~ A 4$�A~ A 4!AA A0B( 57 1120S corporation net income..... ~ B4�֮~ B4v~ B42j~ B4F ~ B44JA~ B4p)GA~ B4&~ B4� \~ B 4*:X~ B 4ؚ!A~ B 4ДA~ B 4,B B0C( 58 1120S corporation deficit........ ~ C4NqT~ C46�"~ C4NMk~ C4&A~ C4V!~ C4lA~ C4&�:~ C40l@~ C 40A~ C 4O@~ C 4@~ C 4h�AC C0D( Net income (less deficit) from �D(� D(D(D(D(D(D(D(D (D (D (D (D D0E( 59 a trade or business............... ~ E4�5�~ E48�"A~ E4� �~ E4�3�~ E4��~ E4h)=A~ E4r0�~ E4fH~ E 4�4B~ E 4�<A~ E 4{A~ E 4�AE E0F( 60 Net income....................... ~ F4fT~ F4~I~ F4fHc~ F4�~ F4�-�~ F4֦�~ F4N5~ F4hq4A~ F 4�3A~ F 4� A~ F 4A~ F 40K"AF F0G( 61 Deficit.......................... ~ G4�b~ G4Q$~ G4�;A~ G4p9'A~ G4�$"~ G44A~ G4l-A~ G4p�A~ G 4A~ G 4@~ G 4 @~ G 4HAG G0H( Portfolio income (less deficit) �H(� H(H(H(H(H(H(H(H (H (H (H (H H0I( 62 distributed to shareholders:..... ~ I4R/�~ I4.~ I4p@~ I48�A~ I4 !@~ I4B*~ I48LA~ I4�6A~ I 4A~ I 4@@~ I 4� @~ I 4`@I I0J( 63 Dividend income.................. ~ J4@~ J4 @~ J4D@~ J4@~ J4x@~ J4@~ J4@~ J4P@~ J 4Ӳ@~ J 4Q@~ J 4ʥ@~ J 4@J J0K( 64 Interest income.................. ~ K4N�#~ K44@~ K4k@~ K40@~ K4@@~ K4@~ K4@~ K4@~ K 4@@~ K 4T@~ K 4�8@~ K 4@K K0L( 65 Royalty income (less loss)....... ~ L4@~ L(h@L(*11,559 L(- L(- L(-~ L(�?~ L(x@~ L 4"@~ L (@~ L (@~ L (@L L0M( 66 Net S-T capital gain (less loss). ~ M4e@~ M(,@ M(*420M(*17,368 M(*-9M(*-30,846~ M4~ M4p@~ M 4v@~ M (؋@~ M 4@~ M 4@M M0N( 67 Net L-T capital gain (less loss). ~ N4�~ N4&A~ N4@N(*365,429N(*-1,203~ N4$A~ N4xA~ N4@~ N 4P@~ N 4L@~ N 4@~ N 4_@N N0O( 68 Other portfolio income (net)..... ~ O4@ O(-O(*2,032 O(*315 O(-O(*1,331 O(*-346O(*1,054~ O (`j@~ O (I@~ O 4(@~ O 4@O O0P( Real estate rental net income �P(� P(P(P(P(P(P(P(P (P (P (P (P P0Q( 69 (less deficit)................. ~ Q4p�A Q(*852Q(*11,203Q(*9,033Q(*44,234Q(*32,177~ Q4Q(*33,900~ Q 4@~ Q 4,@~ Q 4Ԕ@~ Q 4@Q Q0R( 70 Net income....................... ~ R4A R(*852R(*13,899R(*10,182R(*44,234R(*32,177~ R4h@R(*34,246~ R 4l@~ R 4½@~ R 4@~ R 4@R R0S( 71 Deficit.......................... ~ S4@@ S(-S(*2,697S(*1,149 S(- S(-~ S4�@ S(*346~ S 4`@~ S (@~ S (u@~ S (x@S S0T( Net income (less deficit) from �T(� T(T(T(T(T(T(T(T (T (T (T (T T0U( 72 other rental activity.......... ~ U4= U(-U(*30,656U(*4,048 U(- U(-U(*-82,315~ U(6@~ U 44@~ U (r@~ U 4~ U 4@U U0V( 73 Net income....................... ~ V4@&@ V(-V(*30,656V(*4,048 V(- V(- V(*460~ V(6@~ V 4N@~ V (P@~ V (Pp@~ V 4@V V0W( 74 Deficit.......................... ~ W4�1@ W(- W(- W(- W(- W(-W(*82,776 W(-~ W 4f@~ W (k@~ W 4@~ W 4@W W0X( 75 Total income tax before credits.... ~ X4`@~ X4@ X(- X(- X(- X(*930~ X(@X(*1,067~ X (@~ X (`j@~ X 4@~ X 4@X X0Y( 76 Built-in gains tax............... ~ Y4 @~ Y4@ Y(- Y(- Y(- Y(-~ Y(@Y(*1,067~ Y (@~ Y (j@~ Y 4@~ Y 4@Y Y0Z$( 77 Excess net passive income tax....  Z)*930 Z)- Z)- Z)- Z)- Z)*930 Z)- Z)- Z )- Z )- Z )- Z )-Z Zg[3_Source: IRS, 2003 Corporation Source Book of Statistics of Income. Publication 1053. May 2006.[[[[[[[[[ [ [ [ [ [= �x_7_> ��" ������������������������������