Statement of Equity for Johnson & Sons Heating, Plumbing, & Air
For the Years Ended of December 31, 2024 and December 31, 2023
| EQUITY COMPONENTS | Common Stock (Par $1) | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income | Treasury Stock | Total Shareholders' Equity |
|---|---|---|---|---|---|---|
| BALANCE, JANUARY 1, 2023 | ||||||
| Beginning Balances | 100,000 | 500,000 | 5,191,420 | - | - | 5,791,420 |
| COMPREHENSIVE INCOME - YEAR ENDED DECEMBER 31, 2023 | ||||||
| Net Income | - | - | 4,608,580 | - | - | 4,608,580 |
| Operating Income After Tax | - | - | 4,668,580 | - | - | 4,668,580 |
| Non-Operating Items (Net of Tax) | - | - | (60,000) | - | - | (60,000) |
| Other Comprehensive Income | - | - | - | - | - | - |
| Total Comprehensive Income | - | - | 4,608,580 | - | - | 4,608,580 |
| DISTRIBUTIONS & CAPITAL TRANSACTIONS - 2023 | ||||||
| Regular S-Corp Distributions | - | - | (3,600,000) | - | - | (3,600,000) |
| Q1 2023: $900,000 | - | - | - | - | - | - |
| Q2 2023: $900,000 | - | - | - | - | - | - |
| Q3 2023: $900,000 | - | - | - | - | - | - |
| Q4 2023: $900,000 | - | - | - | - | - | - |
| Tax Distributions (Pass-Through) | - | - | (550,000) | - | - | (550,000) |
| Federal & State Tax Coverage | - | - | - | - | - | - |
| Total Distributions 2023 | - | - | (4,150,000) | - | - | (4,150,000) |
| BALANCE, DECEMBER 31, 2023 | 100,000 | 500,000 | 5,650,000 | - | - | 6,250,000 |
| COMPREHENSIVE INCOME - YEAR ENDED DECEMBER 31, 2024 | ||||||
| Net Income | - | - | 5,150,000 | - | - | 5,150,000 |
| Operating Income After Tax | - | - | 5,230,000 | - | - | 5,230,000 |
| Non-Operating Items (Net of Tax) | - | - | (80,000) | - | - | (80,000) |
| Other Comprehensive Income | - | - | - | - | - | - |
| Total Comprehensive Income | - | - | 5,150,000 | - | - | 5,150,000 |
| DISTRIBUTIONS & CAPITAL TRANSACTIONS - 2024 | ||||||
| Regular S-Corp Distributions | - | - | (4,000,000) | - | - | (4,000,000) |
| Q1 2024: $1,000,000 | - | - | - | - | - | - |
| Q2 2024: $1,000,000 | - | - | - | - | - | - |
| Q3 2024: $1,000,000 | - | - | - | - | - | - |
| Q4 2024: $1,000,000 | - | - | - | - | - | - |
| Tax Distributions (Pass-Through) | - | - | (635,000) | - | - | (635,000) |
| Federal & Multi-State Tax Coverage | - | - | - | - | - | - |
| Total Distributions 2024 | - | - | (4,635,000) | - | - | (4,635,000) |
| BALANCE, DECEMBER 31, 2024 | $100,000 | $500,000 | $6,165,000 | $- | $- | $6,765,000 |