SEGURITIES AND EXGnAnDS COMMISSION The following document has been received: Receiving: Edmundo Guia Receipt Date and Time: April 05, 2022 10:31:16 AM Company Information SEC Registration No.: CS200529897 ‘Company Name: WORKAVENUE INC. Industry Classification: K74910 Company Type: Stock Corporation Document Information Document ID: OST1040520228282842 Document Type: Financial Statement Document Code: FS Period Covered: December 31, 2021 Submission Type: Annual Remarks: NoneCOVER SHEET for AUDITED FINANCIAL STATEMENTS SEC Registration Number Cc] s}2} 0} 0}5 {2} 9] 8}9 |7 Company Name oie O| RI KIA vielnfulel, t{NIc}. | ial GS (el Un I F| |Pjals clolR ujG|HIEls Pii|z Form Type Deparment requiring te reper ‘Secondary License Type, WAppieatie FIS COMPANY INFORMATION Company s Email Access Comsany + Telephone Numbers Mobile Nbr eworkavenue@yahoo com (036) 520-7061 No. of Stockholders Annual Meeting Fiscal Year MontvDay Month’Day 7 12/31 CONTACT PERSON INFORMATION The cesgnates contac: person MUST be an Otero the Coporabon ‘Name of Comat Person Email Accress Telephone Numbers opie Number POWELL A. DEL ROSARIO owelldel@yahoo.com | 0917-722-8320 Contact Person's Address BRGY. BARRA, ROXAS CITY, CAPIZ swt ey (3) carr Sys to Note nase of cea, resgeator or cesaton of lies oe ist Ssqrate as cet! person. such mocket Pal 28 egoea Me Cormscr nstence ete! wi doar 3r compl eat tats Fhe new conta paren SessnaeCARMEN R. ANDI E, CPA Ground Fr. Roldan Building Arnaldo Blvd., Roxas City Email Add: andradeaccounting@yahoo.com Tel. Nos. (036) 6211-048 * 6213-089 INDEPENDENT AUDITOR’S REPORT ‘The Board of Directors and Stockholders of WORKAVENUE INC. 2F Pastrana Bldg. Legaspi Cor Hughes Sts., Roxas City Report on the Audits of the Financial Statements Opinion We have audited the financial statement of WORKAVENUE INC. which comprise the statements of financial position as at December 31, 2021 and the statements of comprehensive income, statements of changes in capital deficiency and statements of cash flows for the years then ended, and notes to the financial statements, including a summary of significant accounting policies. In my opinion, the accompanying financial statement present fairly, in all material respects, the financial position of WORKAVENUE INC. as at December 31, 2021 and its financial performance and its cash flows for the years then ended in accordance with Philippine Financial Reporting Standards for Small and Medium- sized Entities ( PFRS For SMEs.) Basis for Opinion conducted our audits in accordance with Philippine Standards on Auditing (PSAs). My responsibilities under those standards are further in the Auditors’ Responsibilities for the Audits of the Financial Statements section of our report. | am independent of the Company in accordance with the Code of Ethics for Professional Accountants in the Philippine (Code of Ethics) together with the ethical requirements that are relevant to our audits of the financial statements in the Philippines, and we have fulfiled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have ‘obtained is sufficient and appropriate to provide a basis for our opinion. Responsibilities of Management and Those Charged with Governance for the Financial Statements Management is responsible for the preparation and fair presentation of the financial statement in accordance with PFRS for SMEs, and for such intemal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is responsible for assessing the Company's ability to continue as a going concem, disclosing, as applicable, matter related to going concern and using the going concem basis of accounting uniess management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Company's financial reporting process. Auditor's Responsibilities for the Audits of the Financial Statements My objective are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue and auditors’ report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in ‘accordance with PSAs will always detect a material misstatement when it oxi "Misstatement can arise tromAAs part of an audit in accord~~= with PSAs, we exercise professional jt’ ent and maintain professional ‘skepticism throughout the auc 2 also: Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, us fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstance, but not for the purpose of expressing an opinion on the effectiveness of the Company's intemal control Evaluate the appropriateness of accounting policies used and the reasonable of accounting estimates and related disclosures made by managements. Conclude on the appropriateness of management's use of the going concer basis of accounting and based on the audit evidence obtained, whether a material uncertainly exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a ‘material uncertainly exists, we are required to draw attention in our auditors’ report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors’ report. However, future events or conditions may cause the Company to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transaction and events in a ‘manner that achieves fair presentation. communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit finding, including any significant deficiencies in intemal control that we identity during our audits. Report on Supplementary Information required by the Bureau of Internal Revenue My audits were conducted for the purpose of forming an opinion on the basis financial statements taken as a whole. The supplementary information in Note 9 to the financial statements is presented for purposes of filing with the Bureau of Internal Revenue and is not a required part of the basis financial statements. Such information is the responsibility of managements. The information has been subjected to the auditing procedures applied in our audits of the basic financial statements. In our opinion, the information is fairly stated in all materials respects in relation to the basic financial statements taken as a whole. nee Yee CARMEN R. ANDRADE CPA Gert No. 6742 PTR. NO. 4425601. January 27, 2022 BIR Accredited AN: 11-002300-12-2020 Expiry: 12-16-2023 B.O.A. No. 1291 Expiry November 13, 2024 March 9, 2022‘STATEMENT OF MANAGEMENT RESPONSIBILITY FOR FINANCIAL STATEMENTS The management of WORKAVENUE INC.’s responsible for the preparation and fair presentation of the financial statements including the schedules attached therein, for the years ended December 31, 2021 in accordance with the prescribed financial reporting framework indicated therein and for such intemal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is responsible for assessing the Company's ability to continue as a going concem, disclosing, as applicable matters related to going concer and using the going concern basis as accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do 80. The Board of Directors is responsible for overseeing the Company's financial reporting process. The Board of Directors reviews and approves the financial statements including the attached therein, and submits the same to the stockholders, CARMEN R. ANDRADE, CPA, the independent auditor appointed by the stockholders, has audited the financial statements of the company in accordance with the Philippine Standards on Auditing and in its report to the stockholders, has eet its opinion on the fairness of presentation upon completion of such audit. Signature: Name of CHAIRMAN OF THE BOARD YOWELL A. DEL ROSARIO Signature: Name of PRESIDENT Signature: Name of TREASURER Signed this 9" day of March, 2022. sai © $ WR 2022, % 30 MAR? ‘4 tCARMEN R. ANDRADE” A. Ground Flr. Roldan Build ing Asuaido Blvd., Roxas City Email Add: andradeaccounting@yahoo.com mT Nos. (036) 6211-048 * 6213-089 WORKAVENUE INC. STATEMENT OF CASHFLOWS For the Years Ended December 31, 2021 and 2020 ‘CASH FLOW FROM OPERATING ACTIVITIES Net income to Retained Earnings ‘Add: Depreciation Expense Decrease (Increase) in Prepaid Taxes Decrease (Increase) in Accounts Receivable Increase (Decrease) in Income Tax Payable Increase (Decrease) in Withholding Tax Payable Increase (Decrease) in Value Added Tax Payable 2021 5,804,704.92 1,850,509.22 (21,640,339.33) (4,896,357.48) 783,474.54 15,975.38 98 38, ‘TOTAL CASH INFLOWS FROM OPERATING ACTIVITIES CASH FLOW FROM INVESTING ACTIVITIES Purchase of Property and Equi ‘Advances from Contractors Billings in Progress TOTAL CASH OUTFLOWS FROM INVESTING ACTIVITIES Net Cash Flows during the year Cash Balance, Beginning ‘CASH BALANCE, ENDING pment (14,648,432.19) 5,054,658.20 5,703,567.83, {3,890,206.16) (,953,442.93) 11,382,956.79 9,429,513.86, 1,936,763.23 2020 2,686,663.21 (220,474.19) 41,073,385.03 3,539,574.05 3,539,574.05 7,843,382.74 11,382,956.79 3.0 KAR 2022 FA ENUE OFFICER LEE oo | & 3CARMEN R. ANDRADF Ground Fir, Roldan Building A. A . Nos. (036) 6211-048 * 6213-089 Beginning Balance, January 1, 2020 ‘Authorized Shares - 20,000 shares at P 1000.00 par value Subscribed and Paid 7,260 shares at 1000.00 par value Net income Ending Balance, December 31, 2020 Beginning Balance, January 1, 2021, ‘Authorized Shares - 20,000 shares at P 1000.00 par value Subscribed and Paid 7,260 shares at 1000.00 par value Net income Appropriations for Future Acquisitions Ending Balance, December 31, 2021 (CERTITIED CORRECT: surat arn SALVADOR TREASURER wauclo Blvd., Roxas City Email Add: andradeaccounting@yahoo.com WORKAVENUE INC. STATEMENT OF CHANGES IN STOCKHOLDERS EQUITY For the Years Ended December 31, 2021 and 2020 Paid Up Capital Stock 7,260,000.00 7,260,000.00 7,260,000.00 7,260,000.00 Retaine Unappropriated 865,793.90 2,686,663.23 3,552,457.13 3,552,457.13 5,804,704.92 (4,000,000.00) 5,357,162.05 PRESIDENT id Earnings. Appropriated Total 8,125,793.90 2,686,663.23 = 10,812,457.13 10,812,457.13, 5,804,704.92 4,000,000.00 : 4,000,000.00__16,617,162.05 uy IKE. > JOY A. BERMESD! REVENUE OFFICERWORKAVENUE INC. NOTES TO FINANCIAL STATEMENTS ‘As at and for the Years Ended December 31, 2023, and 2020 (Amounts in Philippine Pesos) NOTE 2- GENERAL INFORMATION WORKAVENUE INC. is a domestic corporation created under the laws of the Republic of the Philippines and registered with the Philippine Securities and Exchange Commission (SEC) on November a5, 2005 (CS200529897). The company’s primary purpose is to engage in business that will provide general and manpower services to any individual or juridical entity and to provide employment and other support services and to do such other related services necessary to maintain its operation. The company's secondary purposes are the following: + toorganize events, to engage in travel business; - _ toventure into sales general merchandising business; ~ to invest in transportation business and manage vehicles for hire or public utilities such as multicabs, vans and taxicabs; = to engage in general construction, to bid and subcontract for government projects such as construction of roads, buildings, bridges and other civil works; to operate a garbage collection and recycling business; to establish a technical and vocational training institution and assessment center and to branch out anywhere in the Philippines. ‘The Company's registered office which is also its principal place of business is located at 2F Pastrana Building, Legaspi Corner Hughes Streets, Roxas City, Capiz. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES To facilitate the understanding of the financial statements, the more significant accounting policies and practices of the WORKAVENUE INC. are summarized as follows: 2.1 Basis of Preparation The financial statements of the corporation have been prepared in accordance with Philippine Financial Reporting Standard for Small and Medium-sized Entities (PFRS for SMEs). The financial statements have been prepared using the measurement bases specified by PRS for SMEs for each type of assets, liabilities, revenues and expenses. The measurement bases are more fully described in the accounting policies in the succeeding pages that follow. The preparation of financial statements in conformity with PFRS for SMEs requires the use of certain critical accounting estimates. It also requires management to exerEise its judgment in the process of applying the corporation's accounting policies. Arg& involving a higherdegree of judgment or complexity, or areas where assumptions and estimations are significant to the financial statements are disclosed in Note 3. 2.2 Foreign Currency Translation Functional and presentation currency Items included in the financial statements of each of the corporation are measured using the currency of the primary economic environment in which the entity operates (“the functional currency"). The financial statements are presented in Philippine Peso, which is the company’s functional and the presentation currency. Transactions and balances Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognized in profit orloss. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in profit or loss within finance income or costs". All other foreign exchange gains and losses are presented in profit or loss within “other (losses)/gains ~ net’. 2.3. Cashand Cash Equivalents Cash and cash equivalents include cash on hand, demand deposits and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are shown within borrowings in current liabilities on the statement of financial position. 24 Accounts receivables are recognized initially at the transaction price. They are subsequently measured at amortized cost using the effective interest method, less provision for impairment. A provision for impairment of trade receivables is established when there is objective evidence that the group will not be able to collect all amounts due according to the original terms of the receivables. 2.5 Prepayments Prepayments represent expenses not yet incurred but already paid. Prepayments are initially recorded as assets and measured at the amount paid. Subsequently, these are charged to income as they are consumed in the operations or expire with passage of time. Prepayments are classified in the statement of financial position as current assets when the cost of goods related to the prepayment is expected to be incurred within one year or the entity's normal operating cycle, whichever is longer. Otherwise, prepaymentsvarp-lassified as noncurrent.2.6 Property and Equipment Property and equipment are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes the purchase price and other expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. The corporation adds to the carrying amount of an item of property and equipment the cost of replacing parts of such an item when that cost is incurred if the replacement part is expected to provide incremental future benefits to the group. The carrying amount of the replaced part is derecognized. All other repairs and maintenance are charged to profit or loss during the period in which they are incurred Depreciation on other assets is charged so as toallocate cost of assets less their residual value over their estimated useful lives, using the straight-line method. The estimated useful life range as follows: Property Classification Estimated Life Furniture and Fixtures 5-10 years Office Equipment 5-10 years Leasehold Improvement 10-15 years Transportation Equipment 5-10 Years Janitorial Equipment 5-10 years Construction Equipment 5-10 years ‘The assets’ residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, if there is an indication of a significant change since the last reporting date. An asset's carrying amount is written down immediately to its recoverable amount if the asset’s carrying amount is greater than its estimated recoverable amount. The carrying amount of an item of property and equipment shall be derecognized on disposal or when no future economic benefits are expected from its use or disposal. When assets are derecognized, their cost, accumulated depreciation and amortization and accumulated impairment losses are eliminated from the accounts. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognized within “other gains/(losses) — net" in the statement of income 2.7 Trade and Other Payables Trade and other payables are recognized initially at the transaction price and subsequently measured at amortized cost using the effective interest method. It includes Income Tax Payable, Value-Added Tax Payable, Withholding Tax Payable and Other Payables.2.8 Revenue and Expense Recognition Revenue comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the corporation's activities. Revenue is shown net of salesivalue-added tax, returns, rebates and discounts and after eliminating sales within the group. The corporation recognizes revenue when: the amount of revenue can be reliably measured; itis probable that future economic benefits will flow to the entity. Related costs and expenses that are not directly attributable to capitalizable assets are charged to operations and recognized as incurred 2.9 Current and Deferred Income Tax The tax expense for the period comprises current and deferred tax. Tax is recognizedin profit or loss, Income tax liabilities for the current period and prior years are measured at the amount expected to be paid to the authorized government agency. Tax rates and laws used to compute the amounts of taxes are those enacted or substantively enacted as the balance sheet date. Deferred income tax is recognized on temporary differences (other than temporary differences associated with unremitted earnings from foreign subsidiaries and associates to the extent that the investment is essentially permanent in duration, or temporary differences associated with the initial recognition of goodwill) arising between the tax bases of assets and liabilities and their carrying amounts in the consolidated financial statements and on unused tax losses or tax credits in the corporation. Deferred income taxis determined using tax rates and laws that have been enacted or substantively enacted by the reporting date The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. 2.20 Share Capital Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.2.21 Dividend Distrib n Dividend distribution to the corporation's shareholders is recognized as a liability in the financial statements in the period in which the dividends are approved by the corporation's shareholders. 2.22 Events after the Reporting Date Post year-end events that provide additional information about the corporation's position at the reporting date (adjusting events) are reflected in the financial statements. Post year-end events that are not adjusting events are disclosed in the notes to the financial statements when material. NOTE 3- CRITICAL ACCOUNTING ESTIMATES, ASSUMPTIONS, AND JUDGMENTS The financial statements are prepared in conformity with the above-mentioned principles accepted in the Philippines which require management to make estimates and assumptions that affect the amounts reported in the financial statements and the accompanying notes. These estimates and assumptions used in the financial statements are based on management's evaluation of relevant facts and circumstances as of the date of the financial statements but actual results could differ from such estimates, The key estimates/assumptions concerning the future that have a significant risk of causing 2 material adjustment to the carrying amounts of assets and liabilities within the next financial year are set out below: 3.1 Estimated Useful Lives The useful life of each of the corporation’s property and equipment is estimated based on the period over which the asset is expected to be available for use. Such estimation is based on a collective assessment of the industry practice, internal technical evaluation and experience with similar assets. The estimated useful of the asset is reviewed periodically and updated if expectations differ from previous estimates due to physical wear and tear, technical or commercial obsolescence and legal or other limits on the use of the assets. itis possible however, that future results of operations could be materially affected by changes. in the amounts and timing of recorded expenses brought about by factors mentioned above. NOTE 4~ CASH AND CASH EQUIVALENTS, 2023 2020 Cash on Hand and in Bank 9,409,513.86 _23,362,956.79 Petty Cash Fund 20,000.00 20,000.00 TOTAL CASH AND CASH EQUIVALENTS 21,382,956.Cash in bank consists of savings and current deposits in reputable local banks which earn interest at the prevailing bank deposit rates. Petty cash fund is the working capital fund wherein small amount of expenses are being disbursed, such expenses are utilities, transportation and gasoline. NOTE 5 ~ PREPAID TAXES i 2023 2020 Prepaid Taxes 1,920,064.77 279,725.44 TOTAL PREPAID TAXES 1,920,064.77 279,725.44 NOTE 6 - ACCOUNTS RECEIVABLE =a ql Peper 2021 2020 ‘Accounts Receivable - Trade 4,896,357.48 TOTAL ACCOUNTS RECEIVABLE 4896/357.48 NOTE 7- PROPERTY AND EQUIPMENT aaae Cost Depreciation ASUMUMEES ak ale Janitorial Equipment 13,000.00 13,000.00 Furniture and Fixture 23,450.00 23,450.00 Leasehold improvement 350,000.00 35,000.00 140,000.00 210,000.00 Office Equipment 351,796.97 67,050.46 96,078.46 255,738.52 ___Transportation Equipment _862,500.00 1500.00 7,500.00 __ 805,000.00 Total 2,600,746.97 159,550.46 330,028.46 _2,270,738.52 Construction Construction Equipment 12,483,412.50 _1,273,468.21_ 2,273,468.21__11,209,944.29 Total 32,483,412.50 _4,273,468.23_3,273,468.24 _13,209,944.29__ Driving School Transportation Equipment 701,000.00 350,500.00 350,500.00 350,500.00 Office Equipment 9345272 18,690.54 18,690.54 74,762.37 Furniture and Fixture 43,500.00 8,300.00 8,300.00 33,200.00 Leasehold improvement 200,000.00 40,000.00 40,000.00 _ 160,000.00 Total 3,035,952.72 447,490.54 417,490.54 _ 618,462.17 GRAND TOTAL 35,120,112.19 _1,850,509.22 _2,020,987.22__13,099,224.97NOTE 8- TRADE AND OTHER PAYABLES 20a 2020 Income Tax Payable 3,943,902.64 1,451,427.20 Withholding Tax Payable 38,795.98 Valued Added Tax Payable 35,975.38 TOTAL TRADE AND OTHER PAYABLES 1,978,673.00 215,427.10 NOTE 9-NON CURRENT LIABILITIES. eer oma 2020 Advances from Contractors 5,054,658.20 Billings in Progress 5,703,567-83 TOTAL NON CURRENT LIABILITIES 10, 758, 226.03 NOTE 10-PAID UP CAPITAL STOCK 20a. 2.020 ‘Authorized Capital Stock 20,000,000.00 _20,000,000.00 20,000 shares at P1,000.00 per Share Subscribed and Paid Capital Stock 44000,000.00 __4, 000,000.00 TOTAL PAID UP CAPITAL STOCK 4,900,000.00 4,000,000.00 NOTE 11-RETAINED EARNINGS eee 2023 2020 Unappropriated Retained Earnings 5,357,262.05 3,552,457.33 Appropriated Retained Earnings 4,000,000.00 TOTAL RETAINED EARNINGS 9357, 162.05 3,552,457-23 NOTE 12-SALES 2021, 2020 Service Income 6,786,567.41 2,163,686 31 Construction Income 76,079,676.38 10,145,192.14 Commission Income 2,454,872.33 TOTAL SALES 85,321,115.12 _12,308,878.45NOTE 23 - COST OF SALES Cost of Sales 2022 2020 Construction Materials '55,043,076.67 71446, 634.26 Other Construction Related Expenses 227,261.13 Direct Labor 2,028,000.00 Processing and Application Fees 822,928.57 TOTAL COST OF SALES 63,221,266.37 __7444,634.26 NOTE 24 - OPERATING EXPENSES 2023 2.020 Salaries and Wages 7,201,391.66 1,954,946.45 Fuel and Oil 2,784,823.99 322,814.74 Depreciation Expenses 2,850,509.22 Office Supplies 527,198.05 829,673.09 Rental 354,900.00 322,980.00 Repairs and Maintenance 336,675.40 10,250.00 Insurance 286,731.55 Light and Water 258,256.54 123,154.72 SSS, PHIC and Pag Ibig 238,063.00 378,830.00 Representation 156,572.54 122,887.76 Travel and Transportation 152,061.94 35,434.92 Miscellaneous 237,805.27 129,015.48 Telephone and Communication 108,678.34 45,927.84 Taxes and Licenses 5798.36 22,580.00 Delivery and Shipping 21,340.72 Professional Fee 8,035.71 5,000.00 TOTAL OPERATING EXPENSES 24, 460,242.9 __3,683,495.00 NOTE 15~- APPROVAL OF FINANCIAL STATEMENTS. These accompanying financial statements were approved and by the board of directors authorized for issue on March 9, 2022. -End of Notes-CARMEN R. ANDRADF- A Ground Fir. Roldan Building Asuaido Blvd., Roxas City Email Add: andradeaccounting@yahoo.com 1. Nos. (036) 621 1-048 * 6213-089 WORKAVENUE INC ‘SCHEDULE OF TAXES AND LICENSES For the Year Ended December 31, 2021 TAXES AND LICENSES Mayor's Business Permit Barangay Clearance Building Permit Zoning Permit ‘Annual Registration Fee (BIR) Fire inspection Fee NIRC - Licenses and Fee Documentary Stamp Tax TOTAL TAXES AND LICENSES ine) ueen 45,901.00 500.00 150.00 662.00 500.00 567.00 8,708.36 210.00 57,198.36