Mountain View Ice Arena Inc.

“Square commission 751 scrap metal sales 184 late payment fee 18 total 953”

“Expenses advertising 647 office supplies 536 loan interest 975 insurance 12,194 repairs and maintenance 26,556 janitorial supplies 1,928 bank charges 101 non-investment depreciation 20,087 total 63,024”

“Office equipment 1,441 2,143 less accumulated depreciation 1,415 1,453 equipment 191,237 191,237 less accumulated depreciation 122,348 131,709 pro shop equipoment 0 10,000 less accumulated depreciation 0 167 total 68,915 70,051”

“Accounts payable and accrued expenses 287 175 lt note payable 19,102 0”

“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.”