Page 23 - Pancake Supply Chain Co-op, Inc. 2017 Annual Report
P. 23
CENTRALIZED SUPPLY CHAIN SERVICES, LLC
STATEMENTS OF MEMBERS’ EQUITY
Years ended December 31, 2017 and 2016
Apple Supply Pancake Supply
Chain Co-op, Inc. Chain Co-op, Inc. Total
Members’ equity at January 1, 2016 $ 1,172,355 $ 1,678,150 $ 2,850,505
Net earnings from 2016 2,504,854 2,541,830 5,046,684
Member distributions (2,444,154) (2,362,787) (4,806,941)
Members’ equity at December 31, 2016 1,233,055 1,857,193 3,090,248
Net earnings from 2017 1,522,452 1,926,023 3,448,475
Member distributions (1,999,963) (2,398,871) (4,398,834)
Members’ equity at December 31, 2017 $ 755,544 $ 1,384,345 $ 2,139,889
See accompanying notes to financial statements.
4.
