Mountain View Ice Arena Inc.

“Vending machine cost of goods sold 794 expenses advertising and promotion 700 office 719 fnb loan interest 13,432 insurance 5,193 repairs and maintenance 8,866 small equipment 400 janitorial supplies 1,156 telephone 636 licenses and dues 221 depreciation 16,302 board meeting expense 70 total 48,489”

“Accounts payable and accrued expenses 616 231 unsecured notes and loans payable 242,350 223,450”

“To provide and maintain a facility for youth and adult hockey organizations, youth and adult figure skating organizations, hockey tournaments and community free skating for all area residents.”

“We manage the ice arena facility for all the local hockey associations including the high school teams in addition to our figure skating clubs, and free skate time for our community residents. We organize the ice time and rental fees, manage the quality of the ice for all the skate times and tournaments, manage all the utilities and maintenance and repairs on the building. We also rent our facility for various community events.”

“Depreciation provides a means to assess the life remaining on the equipment and buildings listed as assets.”