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COLONIAL AIRLINES, INC. Balance sheet - At December 31, 1953 and 1952 Liabilities, Capital Stock, and Surplus Current liabilities: 1953 1952 Accounts payable ------------------------------------ $744,722 $781,719 Accrued liabilities --------------------------------- 137,269 133,709 Deposits on air travel plan ------------------------- 31,955 31,530 Unearned transportation revenue --------------------- 139,423 166,438 Reserve for aircraft and engine overhaul ------------ 251,565 217,045 Total current liabilities --------------------------- 1,304,934 1,330,441 Deferred Credit (Note 2)----------------------------- - 75,000 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) ----------------------- (1,539,150) (1,739,615) Total capital and surplus --------------------------- 2,084,497 1,884,032 ----------------------------------------------------- $3,389,431 $1,884,032 Reference is made to notes to financial statements
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"Reference is made to notes to financial statements" is italicized