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[[stamped]]
BROOKS, BANKS & SMITH CORP.,
H.W. COMMERCIAL AVIATION,
21 SMITH BLOCK, Telephone 16J
FRAMINGHAM, MASS. U.S.A.
[[/stamped]]

Explanation of Trial Balance.

1. Captain A.R. Brooks $3,600.00
   H.F. Banks           3,600.00
   C. Oren Smith        3,600.00
Taken out in Capital Stock.

2. R.F. Perkins subscribed $250.00, for which two shares were issued, and fifty dollars credited to him on the books of the Corporation.

3.
Brooks      $4,000.00
Banks        4,000.00
Smith        4,000.00
Dennison       500.00
Perkins        200.00
Luby           200.00   $12,900.00
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4. Accounts payable as follows;

Balance due to Curtiss Jn4     $1,750.00
Bates and Holdsworth Account        9.65   
                                  ------  $2,359.50

5. Purchases;

One Jn4 - 0X5 Curtiss Airplane   $2350.00
Two Propellors                       9.50  
                                 --------  $2,359.50

6. Organization expense;

Brooks                      300.00 Taken out in stock
Banks                       300.00 Taken out in stock
Smith                       300.00 Taken out in stock
Seal and Stock Certificates $25.16
Set of Accounting Books      16.25  $941.41
                       -----------
7. Legal Expense;

Two shares of stock issued to J.E. Luby for incorporating Brooks, Banks & Smith, holding first meeting, writing up minutes, and general services.
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April 30, 1920.