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<br />Plant Specialties, Inc, and Subsidiaries
<br />CONSOLIDATED BALANCE SHEETS
<br />October 31
<br />ASSETS
<br />1979
<br />CURRENT ASSETS
<br />Cash
<br />Accounts receivable (notes B and C)
<br />Trade, less allowance for doubtful receivables
<br />of $34,579 in 1979 and $35,508 in 1978
<br />Commissions
<br />Officers and employees
<br />Stock subscription
<br />Inventory (notes A2, B and C)
<br />Prepaid expenses
<br />Total current assets
<br />PROPERTY, PLANT AND EQUIPMENT - AT COST
<br />(notes A3, B and C)
<br />Buildings
<br />Furniture and fixtures
<br />Machinery and equipment
<br />Transportation equipment
<br />Leasehold improvements
<br />Less accumulated depreciation
<br />Land
<br />OTHER ASSETS
<br />Organization costs
<br />Accounts receivable - officers
<br />$ 18,646 $
<br />1978
<br />13,692
<br />653,994 671,227
<br />39,594 25,908
<br />4,351 12,489
<br />2,000 -
<br />699,939 709,624
<br />943,964 759,297
<br />38,034 30,447
<br />1,700,583 1,513,060
<br />5,854 5,854
<br />42,338 32,582
<br />270,061 230,343
<br />115,155 78,025
<br />125,679 93,731
<br />559,087 440,535
<br />193,984 128,223
<br />365,103 312,312
<br />- 6,000
<br />365,103 318,312
<br />598 -
<br />70,705 33,060
<br />71,303 33,060
<br />$ 2.136.98 9 $ 1 864,432
<br />The accompanying notes are an integral part of this statement.
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