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Bacas, Gates & Potter Liabilities Current Liabilities: Notes payable, due within one year $6,666.64 Accounts payable 26,747.30 Interest accrued 30.00 Taxes accrued 428.75 Salaries and Wages accrued 124.00 [Line] Total Current Liabilities $33,996.69 Long term debt: Notes payable (Secured by chattel mortgage on aircraft) $10,000.00 Less: Amount included in Current Liabilities 6,666.64 3,333.36 [Line] Deferred Credits: Other Deferred Credits 12.00 Capital Stock: Preferred stock - par value $100.00, outstanding 132 shares $13,200.00 Common stock - par value $1.00, outstanding 51,284 shares 51,284.00 Common stock - Class A, no par value, outstanding 500 shares 500.00 [Line] Total Capital stock 64,984.00 Surplus: Deficit, January 1, 1948 $103,868.95 Operating loss year ended December 31, 1948 11,619.28 [Line] $115,488.23 Refund New York State Franchise Tax prior years 842.79 [Line] $114,645.44 Capital Surplus, January 1, 1948 $96,972.48 Common stock issued at a premium 1,360.00 Warrents issued 100.00 98,432.48 [Line] Excess of operating loss over capital surplus, December 31, 1948 16,212,96 [Line] Total Liabilities and Capital $86,113.09 [Double Line]