Page 29 - 2019 Apple Supply Chain Co-op, Inc. Annual Report
P. 29
CENTRALIZED SUPPLY CHAIN SERVICES, LLC
STATEMENTS OF MEMBERS’ EQUITY
Years ended December 31, 2019 and 2018
Apple Supply Pancake Supply
Chain Co-op, Inc. Chain Co-op, Inc. Total
Members’ equity at January 1, 2018 755,544 1,384,345 2,139,889
Net earnings from 2018 1,519,532 1,112,820 2,632,352
Member distributions (1,197,085) (1,763,123) (2,960,208)
Members’ equity at December 31, 2018 1,077,991 734,042 1,812,033
Net earnings from 2019 1,329,134 1,728,370 3,057,504
Member distributions (1,365,803) (1,256,935) (2,622,738)
Members’ equity at December 31, 2019 $ 1,041,322 $ 1,205,477 $ 2,246,799
See accompanying notes to financial statements.
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