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2b ARTISTS TELEVISION NETWORK January 31, 1978 ASSETS Cash ----------------------------------- $ 5,122.24 Receivables ---------------------------- 20,000.00 Security Deposits ---------------------- 800.00 ---------- Total Assets --------------------------- $25,922.24 LIABILITIES AND FUND BALANCE Liabilities ---------------------------- 0 Fund Balance Fund Balance Beginning of year --------- $ 34.13 Excess of Receipts over Expenditures --- 20,922,24 ---------- Fund Balance --------------------------- $25,922.24