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INCOME STATEMENT

OPERATING REVENUES:

Exchange revenues.

Toll revenues..

Miscellaneous revenues

Total revenues...

OPERATING EXPENSES:

Maintenance expenses-(a) Repairs, $377,004.14; (b) Depreciation,

$322,050.41.

Traffic expenses.

General expenses, commercial, uncollectible and rents..

Taxes paid..

Total operating expenses and taxes

Net operating revenues..

Available for interest and dividends..

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INCOME STATEMENT

OPERATING REVENUES:

Exchange revenues.

Toll revenues..

Miscellaneous revenues.

Total revenues..

OPERATING EXPENSES:

Maintenance expenses-(a) Repairs, $397.59; (b) Depreciation,

$690.09.

Traffic expenses

General expenses

Taxes paid..

Total operating expenses and taxes.

Net operating revenues...

Available for interest and dividends..

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