Page 33 - Apple Supply Chain Co-op, Inc. 2017 Annual Report
P. 33
APPLE SUPPLY CHAIN CO-OP, INC.
STATEMENTS OF OPERATIONS
Years ended December 31, 2017 and 2016
2017 2016
Equity in earnings from investment $ 1,522,452 $ 2,504,854
Interest income 31,490 96,585
Interest expense (41,044) (94,032)
Provision for income taxes (Note 3) (2,077) (1,027)
Net earnings $ 1,510,821 $ 2,506,380
See accompanying notes to financial statements.
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