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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

Transcription Notes:
"Reference is made to notes to financial statements" is italicized