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HomeMy WebLinkAbout2.63 Correspondence 9 3efowv Ycair­ f"ra d HECKMAN MOTORS, INC. 02/06/17 Profit & Loss-PA DT Budget Rentals/Bus/City Pa SaUes 0 October through Decamber 2016 Z" Oct I Nov 16 ec 16 TOTAL Ordinary Income/Expense ........ .. ...... Income 61160-Mileage-Truck 63 0 92 155 61200 Time/Daily Rental-Car 11,547 13,963 8,735 34,244 61250 Truck Daily Rental 321 225 96 642 61300 Loss Damage Waiver(LDW) 1,015 1,386 580 2,980 61400 Discounts -86 -42 -174 -301 61450,Adjustments -5 -75 -277 -356 61550-Cash Over/Short -0 -3 -0 -3 61701 =Intercity Car Rental<Revenue> 3,492 6,503 6,031 16,,026 61702-Intercity Car Rental<Expense> -886 -1,255 -1,603 -3,744 62102 P.A.C.<Expense> 0 0 0 0 62103 P.XE.<Revenue> 6 77 0 83 62104-P.A.E.<Expense> -2 -20 0 -22 62107 Extra Driver Fee 299 156 92 547 62109 Underage Driver Fee 54 54 27 135 62111 -GA-Government Rate Surcharge 30 0 0 30 62116-GPS Rental 42 70 42 153 62200-Other Income 62201 -Retail Car Sales-Gross 0 0 13,999 13,999 62202 Wholesale Car Sales-Gross 246,835 34,050 0 280,885 62211 ZIpKord Merchandise Sales 0 0 20 20 62220 Interest 0 0 0 0 Total 62200.Other Income 246,835 34,050 14,019 29,4,904 62260 Bus Lines Revenue Bustin es Express Freight 373 449 635 1,457 Greyhound Sales Commission 186 263 185 634 OBL Bus Revenue 52,361 55,233 58,100 165,694 Total 62250-Buis Lines Revenue 52,920 55,945 58,920 167,785 62275.DOT Contract/Grant Income Old Program Calculation 29,368 24,226 26,781 80375 Over/Under Old Program 15286 19,,342 18,,401 53029 62276•DOT ContractlGrant Income-Other 0 0 0 0 Total 62275. DOT ContracttGrant Income 44654 43,568 45,182 133404 62701 -S.L.G.<Revenue> 98 656 126 879 62702-S.LL<Expeni -51 -341 -65 -457 63625-Celestial Espresso Lease Revenu 100 100 100 300 63560- 106 Front St.PA Lease Revenue 600 600 600 1,800 64000•Daily Parking Revenue 3,813 2,133 3,459 9,405 6,4200-Long Term Storage Revenue 615 860 860 2,335 Total Income 365,474 158,610 136,842 660,926 Cost of Goods Sold 70050-Cost of Sales-WhIse Cars Gross 228426 26,382 0 254,808 70790-Cost of Sales-Retail 0 0 10,735 10,735 Total COGS 228,426 26,382 10,735 265,542 Gross Profit 137,048 132,228 126107 395,384 Expense Advertising&Promotion Expense 73000 Television Expense 4,212 2488 2,390 9,089 73100 Yellow Pages Expense 869 869 669 2407 73200 Newspaper Expense 2,897 2,863 2,765 8,525 73300- Radio Expense 1,337 1,328 1,330 3,994 73400 Billboard Expense 1,200 1,200 1,200 3,600 73600 Website 35 35 35 105 73700 KONP Home Show 0 450 500 950 73900 Advertising and Promotion 0 14 0 14 Pagel Refon,,, Year'-E,nd HECKMAN MOTORS, INC. 02/06/17 Profit & Loss-PA DT Budget Rentals/Bus/City Parking/Sales October through pecember 2016 Oct 16 Nov 16 Dec 16 TOTAL Advertising&Promotion Expense-Other -58 -59 -3 -120 Total Advertising&Promotion Expense 10,491 9,188 8,885 28,564 Direct Vehicle Expense 70100-Depreciation Expense-Vehicle 144265 14,023 13,342 41,630 70110•Interest Expense•Vehicles 652 0 0 652 70200•Insurance Exp.-Vehicles 3,014 3,,000 2,951 8,965 70210. Parts Expense 158 1,029 718 1,905 70220,Tires Expense 0 2,360 -221 2,139 70230-Towing Expense 0 240 0 240 70260 Maintenance&Repair-Vehicle 55 0 0 55 70300 Outside MaIntensce&Repairs 9,188 3,391 4,850 17,429 70310 Vehicle Damage Repair 2,506 50 3,443 5,999 70360 Subrogation -1,883 -593 -1,000 -3,476 70370-"WVindshieldi ReplacementfRepair 509 0 508 14018 70500 Monthly Car Fees 996 1,184 691 2,,871 70700 Licenses-Vehicles, 602 926 .5 1,,523 70706 VLF Passthrough Charge -112 -101 -64 -278 70760 Other Direct Vehicle Expenses 0 0 0 0 Direct Vehicle Expense-Other -4,577 -1,072 -2,490 -8,,139 Total Direct Vehicle Expense 25374 24,436 22,724 72,533 General&Admn.Expense 77100•Bad Debt Expense 0 1,047 88 1,135 77110 Bank Charges 7 139 35 181 77120 Equip/Furn Exp-Less than$1000 130 1,685 116 1,931 77126 Equipi(Furn Maintenance Expense 0 0 70 70 77200.Office Supplies 261 224 235 719 77210•Postage and Freight 157 73 158 388 77230-Telephone Expense 1064 1,,062 1,198 3,325 77240 Cable Television 179 192 18,4 555 77260 Depreciation Expense 196 204 4,622 5022 77310 Professional Fees-Legal 0 0 285 285 77400-Meals&Entertainment 28 79 0 107 77410-Dues and Subscriptions 396 29 474 899 77420 General Insurance Expense 0 0 225 225 77426 Customer Goodwill 0 900 0 900 77430 Other General Expenses Bluebird Wizard Accounting 100 100 105 305 BRAC Wizard Monthly Fees 197 219 204 620 Coffee/Water for Customers 0 49 0 49 OBL Hotel(ALL HOTELS) -37 -87 -25 -150 Snacks/Water/Stankets for Buses, Snacks/Water for Buses 749 624 590 1,963 Blankets and Laundry Expense 98 128 823 1,048 Total Snacks/Water/Blankets for Buses 847 752 1,412 3,011 Vehicle Owner Info from DOL 11 3 3 17 Total 77430,Other General Expenses 1118 1,036 1,699 3,852 77510- Uniform Expense 0 377 -75 302 77820,Computer Equipment-Maintenance 189 72 186 448 77830 Copy Machine Maintenance 0 0 85 85 77900 Taxes&Licenses-Business 77901 Business Licenses 102 0 0 102 77902 Business Taxes 1,997 2,053 2,178 6,228 Total 77900-Taxes&Licenses-Business 2,099 2,053 2,178 6,330 General&Admn.Expense-Other -253 -482 -532 -1,267 Total General&Adrnn.Expense 5572 8,689 11,231 25,492 Occupancy Expense Page 2 Before Y em-1,111 d HECKMAN MOTORS, INC. Uconntant,'^,� Adjustments 02106117 Profit & Loss-PA DT Budget Rentals/Bus/City Parking/Sales October through December 2016 Oct 16 Nov 16 Dee 16 TOTAL 75110 Rent 5,297 5,370 5,347 16,014 76,200 Utilities 70,4 950 839 2,494 76400 Maintenance&Repair-Facilities 20671 3,943 170 6,784 76600 Sign Expense 13 0 6 19 76800-Other Occupancy Expense 15 0 0 15 Occupancy Expense-Other -890 -772 -592 -2,254 Total Occupancy Expense 7,810 5492 5,770 23,071 Operating Expense 72100-Garage&Washing Supplies 272 183 165 620 72600-Vehicle Transfer 1,476 773 0 2250 72700-Other Operating Expense Bridge Tolls Bridge Toll Expense 32 18 12 61 Bridge Toll Recovery Charges -16 0 -17 -33 Total Bridge Tolls, 16 18 -5 28 Taxicab/Courier Expense 424 3 0 427 Vehicle RentallCharter 0 26 0 26 Total 72700,Other Operating Expense 440 47 -5 481 72750 Port Fees 216 206 216 639 72800 Gasoline Expense 4,954 4„972 4,929 14,855 72860,Gasoline Refueling Charge -103 27 -245 -321 77415°Ferry Fees 9,050 8939 9,014 27,003 Operating Expense-Other -152 -242 -25 -419 Total Operating Expense, 16,153 14905 14050 450108 Personnel Expense 76200.Corporate Officers Wages 5,765 6,012 5,584 17,361 76300-Accounting Wages 5,667 5,658 5,630 16,955 76620.Counter Agents Wages 9,356 9,591 10,020 28967 76660-Parking Attendants Wages 100 0 0 100 76730-Service Wages, 40327 4,429 4,190 12,946 76800, Temporary Help 10591 975 862 3,428 76810, Incentive Pay 569 525 37,521 38615 76860-Buis Line Driver 15,238 14,595 18108 45,941 76875 Vehicle Transfer Driver 0 0 0 0 76900 Payroll Tax Expense Employment Security 49 46 79 174 FICA 2,744 2,680 5,348 10,772 FUTA 23 16 56 95 Labor&Industries 1,297 1,206 1,253 3,757 Medicare 642 627 1,251 2519 76900- Payroll Tax Expense-Other -300 -226 -628 -1,154 . .. .......- Total 76900.Payroll Tax Expense 4,454 4,350 7,359 16,163 76910-Other Personnel Expenses Driver Training 136 136 136 408 Drug-Alcohol Tests/DOT Physical 190 75 175 440 76910•Other Personnel Expenses-Other 156 808 1,662 2,626 Total 76910•Other Personnel Expenses 482 1019 1,973 3,474 76920-Medical Insurance 7,161 8,094 8,614 23,869 Personnel Expense-Other -3,908 -2,992 -7,491 -14,390 Total Personnel Expense 50,803 52,257 90,370 193,429 Selling Expense 74100�Travel Agency Commissions 8 0 3 12 74300-Credit Card Commissions 1,209 1,182 1,085 3476 74426, Bui Greyhound Discounts 208 290 303 802 74600-Reservation,Expense 1,348 1,523 1,456 4,327 Page 3 Befort N eair-[,,�nd HECKMAN MOTORS, INC. Acco till 11 la rlt'�, Adjustments O2106117 Profit & Loss-PA DT Budget Rentals/Bus/City Parking/Sales October through December 2016 Oct 16 Nov 16 Doe 16 TOTAL 74600.Other Selling Expenses "IStBRAC Rategain 39 39 39 118 NBTA 6 151 12 169 Total 74600•Other Selling Expenses 45 191 51 287 74700° Retail Merchandise Expense 0 642 0 6,42 Selling Expense-Other -20 -20 -20 -59 Total Selling Expense 2,799 3,808 2,879 9486 Total Expense 119,002 122,773 155,908 397,683 Not Ordinary Income 11,046 9,455 -29,801 -2,300 Not Income 18,046 9,466 -291,801 .2,300 Page 4 Before Year, Er�d HECK MAN MOTORS, INC. Adjusinicalts 02/06117 Balance Sheet As of December 31, 2016 Dec 31,16 ASSETS Current Assets Checking/Savings 10200-Cash In Drawers Cash Register-Port Angeles275 275,00 Driver Bank-Adams,Wayne 40,00 Driver Bank-Lee,Jessica 40.00 Driver Bank-Pattison,Cap 40.00 Driver Bank-Sebastian,John 40.00 Driver Bank-Slivett,Toni 40.001 Driver Bank-Thaning,Charles 40.00 Driver Bank-Wallace,Anthony 40rOO Total 10200-Cash in Drawers 555,00 1030,0-Fidelity Brokerage Account 1,202.45 10400°First Federal Checking 44,802,42 10425-First Federal Money Market 815,62 Total Checking./Savings 47,375,49 Accounts Receivable 11200 Credit Card Receivables 310,00 11300 Accounts Receivable 117,615.46 Total Accounts Receivable 117,925A6 Other Current Assets 16000 -Bluebird Clearing Asset Account 137.91 16100- Miscellaneous Clearing Account 4626 17100-Gasoline Inventory Port Angeles Gas I„0196.301 Total 17100-Gasoline Inventory 1,096.30 18100, Prepaid Insurance-OBL Vans 7,879.84 18200•Auto Insurance Deposit 5,448.00 18260-Port of PA Security Deposit Budget Rent A Car(Rite Bros.) 500,00 Total 18260.Port of PA Security Deposit 500.00 18620 -Prepaid PA Yellow Pages 72.00 18540 - Prepaid OBL Yellow Pages 3,,234.00 18660-Prepaid Magazine Subscriptions Car and Driver Magazine 2.16 Consumer Reports 20,40 Forbes Magazine 25.34 Golf Digest 5,40 Golf Magazine 22,44 Popular Mechanics 116 Ski Magazine 819 Skiing Magazine 19.97 Time Magazine 17,76 Total 18660, Prepaid Magazine Subscriptions 122,82 18675-Prepaid AVIS/BRAC RateGaln Sery 236.04 18700-Prepaid Federal Tax 20,472r00 24110 -Heckman,Jack Receivable 2,830,00 Total Other Current Assets 42,07517 Total Current Assets 207,376 12 Fixed Assets 20300- Leasehold Improvements 105 Front St.,PA 4,770.67 Capos Lot Paving 18,837,17 PA DT Office Flooring 08-16 3,794,00 Page 1 Bef'orc HECK MAN MOTORS, INC. 02/06117 Balance Sheet As of December 31, 2016 Dec 31,16 PA DT Bathroom Floor 45-48 3,49.66 Solar Courtyard Light-Capon 1,316,91 20300- Leasehold Improvements-Other 20,211.23 Total 20300 M Leasehold Improvements 49,279.64 20360, PA DT Surveillance System 2,509,46 20360-Signs Gateway Parking Signage 2,547.40 "I Ill E. Front St."Sign 2008226 "Heckman Motors,Inc,"Sign 1,772,98 4 CaPos Lot Signs(NO*'BUDGET") 1,665.05 Avis/Budget Signs DT 4381.96 Total 20360.Signs 12449.65 20400°Furniture and Fixtures I PA DT Customer Service Chair 28519 3 PA DT Customer Service Chairs 980r61 Customer Service Counter/DT 4,110.53 Jack's Desk 1,083,99 Jack's Office Chair 326,87 24400� Furniture and Fixtures-Other 4,788,65 Total 20404,• Furniture and Fixtures 11,575.84 20460-Parking Lot Assets 3 Halogen Floodlights 1,517.60 3 Now PA DT Parking Lot Lights 2525.72 5 Pay Boxes[Signs(_109) 10,768,66 Laser Sight for Ruger SP-101 266.91 Security Ruger Pistol 372.25 Snow Removal Tractor 2,681,44 Trimmer(Pruner for Lot Maint. 74119 Total 20460.Parking Lot Assets 18,87187 206,0,0 .Office Equipment Accessories for Digital Camera 336.46 Canon ColorLaserPrinter/Scanner 2,343.61 Digital SLR Camera for CarSales 586,05 Jack's Cell Phone(Replacement) 35814 20500 Office Equipment-Other 10,422.67 Total 206,00-Office Equipment 14,047.53 20600.Garage EquipmenittFixtures Carpet Cleaner Extractor 987,36 Garage Lighting-2006 1,869.90 Garage Lighting-2408 2,15716 Garage Lighting-20109 315-96 Generator 650.39 Lighted Paint Meter 32199 Miter Saw 867.19 Ozone Machine 512.54 Parking Lot Vacuum 1,191.32 Pressure Washer 401.47 Vacuum Cleaner for Buses 463.77 Windshield Repair Too[ 669.41 Total 20600-Garage Equipment/Fixtures 10,414.06 20700.Computer Software Bluebird Wizard Accounting 2,71182 Now Fitemaker Pro for OBL Comp. 2,820,20 OBL Computer Software Grant$RoceivedlOSL Software -3,599.54 OBL Computer Software-Other 6,657.93 Page 2 HECKMAN MOTORS, INC. A cco u in tit n VsA dj LPS I I'll C 1111 bs 02/06117 Balance Sheet As of December 31,2016 Dec 31, 16 Total OBIL Computer Software 3,05839 QB Enterprise Solutions 2009 2,955,05 20700-Computer Software-Other 2,843.87 Total 20700-Computer Software 14,391.33 20800-Computer Hardware Battery Backup-ServerComputer 254.74 Computer-Acctg.Pam's 2014 Computer Setup Labor 281.84 Computer-Aectg.Pam's 2014-Other 91136 Total Computer-Acctg. Pam's 2014 1,19120 Computer-Acctg.2-2016 1,455,23 Computer-Jack's Desktop 19"LCD Monitor-Jack's 270,99 Computer-JacWs(March 2012) 1,124.60 Miomory Upgrade-Jack's Desk 265.58 Total Computer-Jack's Desktop 1,661.17 Computer-Jack's Apple Home 2016 1,733,32 Computer-Jeck'sAppleLaptop2012 1,175,96 Computer-Jack's Mini Laptop2009 377.23 Computer-Mid Desk 2 2015 1,368,52 Computer-North Desk 2013 1,,017,88 Computer-Spare(frnly Acctg)2009 1,292,16 Computer-Sales/East 2013 9197,27 Computer-Server+2 Counter 2008 Computer-North Counter 2008 1,674.24 Total Computer-Server+2 Counter 2008 1,67414 Computer-Server 2016 4,878.00 Computer-S Counter-fmily EastDsk Windows 7&Rebuild So,Counter Computer Setup Labor 77235 Windows 7&Rebuild So.Counter-Other 154.99 Total Windows 7&Rebuild So.Counter 927.34 Cornputer,S Counter-f nly EastDsk-Other 1,07111 Total Computer-S Counter-frnly EastDsk 2,000.45 Computer-South Desk 2016 1,368,52 Monitor-Sales,to South Desk 263,48 20800-Computer Hardware-Cather 4,178.21 Total 20800•Computer Hardware 26889-58 20866-Accumulated Depreciation -147,289,50 21000- Fleet-OBL Busses Bike Racks-2 Existing Busses Grant$ReceivedtBike Racks -1,069,47 Bike Racks-2 Existing Busses-Other 2,210,70 Total Bike Racks-2 Existing Busses 1„141.23 Total 21000• Fleet-OBL Busses 1,141.23 21090-Accum.Depreciation-Buses -3,079.00 21100- Fleet-Rental Vehicles Veh#JC103 Winch#2 973,46 21100- Fleet-Rental Vehicles-lather 891,194.44 Total 21100° Fleet-Rental Vehicles 892,167.90 Page 3 Before Year-1,I 1111d HECKMAN MOTORS, INC. Accowitayi VsAidj LIS 1111("IIAS' 02/06/17 Balance Sheet As of December 31, 2016 Dec 31,16 21190 Accum. Depreciation-Rental -168,199.08 21200 Vehicle Equipment Defibrillator-Bus#5 1,175.79 Defibrillator-Bus#6 1,175.79 Defibrillator-Bus#7 1,17539 Total 21200.Vehicle Equipment 3,527.37 21400,Fleet-Vehicle(Non Depreciable) 52-Golf Cart 28227 Total 21400,Fleet-Vehicle(Non Depreciable) 282.27 Total Fixed Assets 738978.15 Other Assets 27100•Franchise-Budget 7,000.00 27200-Accum Amort Franchise-Budget -7,00000 28200 w Transportation Permit BL 20,000,00 28300 Accum Amortization-Permit -20,00000 Total Other Assets 0.00 TOTAL ASSETS 946,364.27 LIABILITIES&EQUITY Liabilities Current Liabilities Accounts Payable 30100-Accounts Payables 74,424.84 Total Accounts Payable 74424,84 Credit Cards 30106•Credit Card Payables Bank of America-Drivers 3,481.67 Bank of America-Jack 30,347.85 Bank of America-Jim 920.14 Total 30106.Credit Card Payables 34,749.66 Total Credit Cards 34,749Z6 Other Current Liabilities 30165 105 E.FrontfSecurity Deposit 1,200.00 30300 Sales Tax Payable 8,527,81 30350 Sates Tax Payable-BUDGET WIZARD 1,3%55 30399 Payroll Tax Liabilities 30400, Federal Withholding Payable 4812.00 30410 FICA Tax Payable 4438.94 30416 Medicare Tax Payable 1,03T64 30600 FUTA Tax Payable 97.73 30700,SUTA Tax Payable 17515 30800,Labor&Industries Payable 4,889,21 Total 30399 •Payroll Tax Liabilities 15,448.67 Total Other Current Liabilities 26527.03 Total Current Liabilities 135,701.53 Total Liabilities 135,701,53 Equity 39000-Retained Earnings 730,387.53 60100-Common Stook-Heckman Motors 33,300.00 50300-Treasury Stork -14,000.00 60400- Dividends Dividends-Jack Heckman -30912.00 Dividends-Jim Heckman -24,288,00 Page 4 HECKMAN MOTORS, INC. Accotantant's, Adjustrinewits 02106117 Balance Sheet As of December 31, 2016 Dec 31,16 Total 60400 Dividends -55,200.04 Net Income 116,16521 Total Equity 810,652.74 TOTAL LIABILITIES&EQUITY 946,364.27 Page 5 Yeal EInd 1:30 PM Heckman Enterprises, Inc. ,� Acco 02/07117 Profit & Loss-AVIS Downtown 1 t.. Accrual Basis October through December 2016 Oct 16 Nov 16 Doe 16 TOTAL Income 61100•Mileage-Car 673..70 56.69 07.00 730,39 61200•Time/Dally Rental-Car 6„631.74 2,782.99 2,780.65 12„395.38 61300-Loss Damage Waiver(LDW) 724.75 637.78 231,92 1,594.45 61400� Discount -17216 -6036 -13.90 -247,04 61460-Adjustments 21234 0.00 -98.26 114,08 61550 Cash Over/Short 0.00 -4.29 -1.6:3 -5.92 61701 Intercity Car Rental(Revenue) 3,756,82 4,514.38 8,064.44 16„337.64 61702 Intercity Car Rental(Expense) -1,397,90 -295.39 -907.39 -2,600.68 62103 P.A.E.(Revenue) 11.90 11.90 65,45 89.25 62104•P.A,E,(Expense) -3,09 -3.09 0.00 -6.18 62109°Underage[driver Fee 0,00 54.00 27.00 81.00 62111 GA-Government Rate Surcharge 15.00 0.00 0.00 15.00 62701 S.L.I.(Revenue) 125,55 27.90 167.40 320,85 62702°S.I.J.(Expense) -85.29 -14.51 0.00 -79.80 Total Income 100714.74 7,708.00 10,315.68 28,738.42 Expense Advertising and Promotion 73100.Yellow Pages Expense 58.10 58,10 3.00 119.20 73900 Misr.,Advertising and Promotion 0,00 1.14 0.00 1.14 Total Advertising and Promotion 58,10 59.24 3,00 120.34 Direct Vehicle Expense 70350,Subrogation -740.71 0.00 0,00 -740.71 70705•VLF Passthrough Charge -41.36 -25.52 -19.36 -86.24 70110� Interest Expense-Vehicles 260.62 0.00 0.00 260.62 70200.Insurance Exp.-Vehicles 411.15 268,83 421.93 1„101.91 70210-Parts Expense 49.24 205.65 0.00 254.89 70220•Tires Expense 0.00 269.54 0.00 269,54 70300.Outside Maintenance&Repairs 1,965.55 48.11 846.34 2,860.00 70310 M Vehicle Damage Repair „506.05 25.00 1„221.68 3,752.73 70370,Windshield ReplacementlRepair 0.00 0.00 0.00 0,00 70500°Monthly Ear Fees 577.76 0.00 256.21 833.97 70700•Licenses-Vehicles 124.62 254.97 0.00 379.59 70750°Other Direct Vehicle Expenses 0.00 0.00 0.00 0.00 Total Direct Vehicle Expense 5112.92 1,046.58 2,726,80 8886.30 General&Admin Expense 77000°Amortization-Franchise 54.38 50.94 53,94 159.26 77110.Bank Charges 0.16 10.68 0,43 11.27 77120 EquipiFurn Exp--Less than$1,000 13,59 124.97 21.18 159.74 77200 Office Supplies 27,31 10.24 29.74 67.29 7721,0•Postage and Delivery 22.40 13.34 25,98 61.72 77230 Telephone Expense 89.83 55.01 93.24 218.08 772444 Gable Television Expense 18.67 15.49 20.98 55.14 77300°Professional Fees-Accounting 0.00 0.00 0.00 0.00 77310°Professional Fees-Legal 0.00 0.00 0.00 0,00 77400.Meals ant!Entertainment 0.00 0.00 0.00 0.00 77405 Travel&Meetings 0,00 0.00 0,00 0,00 77410 Clues and Subscriptions 3105 21.88 0.00 54.93 77420.General Insurance Expense 0.00 0,00 0.00 0.00 77430.Other General Expenses AVIS Wizard Monthly Fees 0.00 0.00 247.74 247.74 Bluebird Wizard Accounting 50.00 50.00 52.50 152.50 CoffeelWater for Customers 0.00 3.96 0.00 3.96 Total 77430°Other General Expenses 50,00 53,96 300.24 404.20 77510-Uniform Expense 0.00 192,64 -29,60 163.04 77820 w Computer Equipment Maintenance 40.16 5.79 22,48 68.43 77830•Copy Machine Maintenance 0.00 0.00 9,63 9.63 77900•Taxes&Licenses-Business 77901 °Business Licenses and Pennitss 11,13 0.00 0.00 11.13 Page 1 1:30 PM Heckman Enterprises, Inc. Accountant's Adjustrinents 02107117 Profit & Loss-AVIS Downtown Accrual Basis October through December 2016 Oct 16 Nov 16 Dec 16 TOTAL 77902-Business Taxes 0 00 0,00 134.85 134,85 Total 77900-Taxes&Licenses-Business 1113 0.00 134.85 145.98 Total General&Admin Expense 340.68 554.94 683.09 1,578.71 Occupancy Expense 76110- Rent 549.39 42814 603-44 1 e581.57 76200-Utilities 69.85 7136 88.83 23104 75400-Maintenance&Repair-Facilities 270,87 269.41 -100.01 44027 Total Occupancy Expense 890,11 771.51 59226 2,253.88 Operating Expense 72100 Garage&Washing Supplies 38.24 1474 17.68 70.66 72600 Vehicle Transfer Expense 84,49 20520 0.00 289.69 72700 Other Operating Expense Bridge Tolls Bridge Tolls 7,50 0.00 7,00 14.50 Bridge Toll Recovery Charges -7.50 0.00 -17.00 -24.50 Total Bridge Tolls 0.00 0,00 -10.00 -10.00 Total 72700•Other Operating Expense 0.00 0,00 -10,00 -10.00 72800 Gasoline Expense 96.68 67.85 17,44 181.97 72850 Gasoline Refueling Charge -249.04 -45.98 -45.01 -340,03 Total Operating Expense -29,63 241.81 -19.89 192.29 Personnel Expense 76200 Corporate Officers Wages 602.68 483,96 635.66 1,722.30 76300 Accounting Wages 592,41 455.45 640,91 1,68877 76620-Counter Agent Wages 1,183.22 829,96 1,17135 3,186.53 76730 Service Wages 473,24 368.35 501.29 1,342.88 76800 Temporary Help 174,03 81.08 103,08 358,19 76810 Incentive Pay 40,08 30,93 3,025.37 3,09638 76876 Vehicle Transfer Driver Wages 0,00 0,00 0.00 0.00 76900 Payroll Tax Expense 298.52 21617 530.85 1,045.54 76910-Other Personnel Expenses 000 58,76 174.30 233.016 76920- Medical Insurance 54143 467,18 706.15 1716.76 Total Personnel Expense 3,907.61 2,991,84 7,490,96 14,390A11 Selling Expenses 74100,Travel Agency Commissions 156.57 68.81 122.19 347.57 74300 Credit Card Commissions 509.67 144.58 83.02 737,27 74500 w Reservation Expense 62,08 84,84 96.96 24188 74600 Other Selling Expense AVISIBRAC Rategain 19.67 19.67 19.67 %01 AVIS"AID"Charges 354,99 54.86 18.14 427.99 AVIS Equifax Credit Reporting 0,00 0,00 0.00 0.010 AVIS Loyalty Earnings Fees 164 16.86 13,06 33.56 Total 74600•Other Selling Expense 378.30 91,39 50.87 520.56 Total Selling Expenses 1,106m 389.62 35104 1,849.28 Total Expense 11,386.41 6,055,54 11,829,26 29,27121 Net Income .671,67 1,652,46 -1,51158 -632.79 Page 2 M�I'ore VearEnd 6:06 PM Heckman Enterprises, Inc. 02106/17 Balance Sheet Accrual Basis As of December 31, 2016 ec 31,16 2, ASSETS Current Assets Checking/Savings 10600.HE/First Federal Checking 3,196.47 Total Checking/Savings 3,196.47 Accounts Receivable 11200-Credit Card Receivables 878.99 11300-Accounts Receivable 27,186.88 Total Accounts Receivable 28,065.87 Other Current Assets 18700-Prepaid Federal Tax 648.00 Total Other Current Assets 648.00 Total Current Assets 31,91234 Fixed Assets 27300 Franchise-AVIS 10,000M 27400 Accum Amort Franchise-AVIS -1,833.50 Total Fixed Assets 8,166.50 TOTAL ASSETS 40,078.84 LIABILITIES&EQUITY Liabilities Current Liabilities Accounts Payable 30100-Accounts Payable -6,696.29 Total Accounts Payable -6,696,29 Other Current Liabilities 26500 Sales Tax Payable 61.69 30360 Sales Tax Payable-AVIS Wizard 2,149.57 Total Other Current Liabilities 2,21126 Total Current Liabilities -4,485M Total Liabilities -4,485,03 Equity 39000- Retained Earnings 1,532.35 Net Income 43031.52 Total Equity 44,563.87 TOTAL LIABILITIES&EQUITY 40,078.84 Page 1