Page 40 - 2019 Apple Supply Chain Co-op, Inc. Annual Report
P. 40

APPLE SUPPLY CHAIN CO-OP, INC.
                                               STATEMENTS OF OPERATIONS
                                           Years ended December 31, 2019 and 2018



                                                                                     2019            2018

               Equity in earnings from investment                                $  1,329,134   $  1,519,532

               Interest income                                                         24,023             35
               Interest expense                                                       (23,026)             -
               Provision for income taxes (Note 5)                                     (8,457)       (22,037)

               Net earnings                                                      $  1,321,674   $  1,497,530































































                                        See accompanying notes to financial statements.

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