Crystal Lake Sailing School Inc.

“Clothing sales sales tax expense 7 expenses office expense 290 certification training 130 postage 105 supplies 1,161 dues and subscriptions 95 telephone 381 contract labor 650 miscellanous 768 penalties 10 non-investment depreciation 4,910 total 8,507”

“Inventories for sale or use 2,014 1,914 boats 41,753 41,753 less accumulated depreciation 16,180 20,355 storage structures 2,680 2,680 less accumulated depreciation 1,733 2,116 computers and office equipment 800 800 less accumulated depreciation 253 413 dock 4,068 4,068 less accumulated depreciation 2,136 2,329 organization cost 4,533 4,533 less accumulated amortization 1,410 1,712 total 34,136 28,823”

“Grants payable 46 15 accrued payroll taxes 12 262 accrued sales tax 0 7”

“The crystal lake sailing school, inc. Offers sailing instruction to children of all ages throughout the county. Although the program operates from the crystal lake yacht club beach, the school's activites are independent of the club; the school has been authorized by the club to utilize their facilities for the purpose of teaching children the sport of sailing. The instruction program offers instruction to both beginners and those with some familiarity with sailing skills. Above all, safety is emphasized in an environment that encourages sportsmanship, teamwork, responsibility and resourcefulness.”