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PANCAKE SUPPLY CHAIN CO-OP, INC.
STATEMENTS OF OPERATIONS
Years ended December 31, 2016 and 2015
2016 2015
Equity in earnings from investment $ 2,541,830 $ 2,372,521
Licenses and fees - (38)
Provision for income taxes (Note 3) (3,030) (2,938)
Net earnings $ 2,538,800 $ 2,369,545
See accompanying notes to financial statements.
3.
