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COLONIAL AIRLINES, INC. BALANCE SHEET -- AT DECEMBER 31, 1954 AND 1953 LIABILITIES, CAPITAL STOCK AND SURPLUS [[ Three column table ]] | - | 1954 | 1953 | | CURRENT LIABILITIES: | Accounts payable | $847,472 | $744,722 | | Accrued liabilities | 174,474 | 137,269 | | Deposits on air travel plan | 30,680 | 31,955 | | Unearned transportation revenue | 123,092 | 139,423 | | Reserve for employees' retirement plan (Note 2) | 128,565 | - | -------------- | Total current liabilities 1,304,283 | 1,053,369 | | RESERVE FOR AIRCRAFT AND ENGINE OVERHAUL | 264,879 | 251,565 | | CAPITAL STOCK AND SURPLUS: | Capital stock -- par value $1 per share: | --- | --- | | Authorized -- 1,000,000 shares | --- | --- | | Issued and outstanding -- 515,600 shares (Note 4) | 515,600 | 515,600 | | Capital surplus paid-in | 3,108,047 | 3,108,047 | | Earned surplus (deficit) since December 31, 1934 (per accompanying statement) | (1,448,205) | (1,539,150) | | Total capital stock and surplus | 2,175,442 | 2,084,497 | | --- | --- | --- | | --- | $3,755,604 | $3,389,431 | Reference is made to notes to financial statements