Salaries a nd W ages 380,000 303,000

PERA 20,000 16,000

Total 400,000 319,000

Note 5: Maintenance and Other Operating Expenses

20x2 20x1
Office S upplies E xpense 130,000 104,000
Water E xpenses 20,000 16,000
Electricity E xpenses 60,000 48,000
Telephone E xpenses 40,000 32,000
Janitorial E xpenses 80,000 64,000
Security E xpenses 100,000 80,000
Total 430,000 344,000

Note 6: Non-Cash Expenses

20x2 20x1

Depreciation-Bldgs. And 30,000 24,000

Depreciation-Machinery 20,000 16,000

Impairment Loss-Loans and 5,000 -

Total 55,000 40,000