PROFIT & LOSS STATEMENT YEAR ENDED DECEMBER 31, 1906.
NET PROFIT BEFORE SHOWING INTEREST ON BORROWED CAPITAL, DIS- COUNTS, AND PROVISION FOR DOUBTFUL ACCOUNTS (18.70%)
(9.77%) 21,970.35
52,411 69
$42,064 12
The report given on the preceding pages illustrates the usual form when a complete audit is made. Fictitious names and amounts have for obvious reasons been inserted but otherwise the report is in due shape for submission.