Page 24 - Apple Supply Chain Co-op Inc. 2016 Annual Report.
P. 24
APPLE SUPPLY CHAIN CO-OP, INC.
STATEMENTS OF OPERATIONS
Years ended December 31, 2016 and 2015
2016 2015
Equity in earnings from investment $ 2,504,854 $ 2,394,189
Interest income 96,585 10,697
Interest expense (94,032) (1,988)
Licenses and fees - (181)
Provision for income taxes (Note 3) (1,027) (9,101)
Net earnings $ 2,506,380 $ 2,393,616
See accompanying notes to financial statements.
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