1. GROUP 1 P1-1 Nairi P. Southyda S. Anida M. Luke L. Alex S.

2. Propane Company Income Statement For the Year Ended December 31, 2006 (in thousands of dollars) Revenues Total Revenues Expenses Total Expenses Pretax income Income tax expense Net income 155,000104,10050,900 15,270 15,270$35,630

3. Propane Company Statement of Retained Earnings For the Year Ended December 31,2007 (in thousands of dollars) Beginning retained earnings, Jan. 1, 2006 Net income for 2006 Dividends for 2006 Retained earnings, December31, 2006 $035,63010,00025,630

4. Propane Company Statement of Cash Flows For the Year Ended December 31, 2006 (in thousands of dollars) AssetsCash Accounts Receivables InventoriesEquipment Total Assets Liabilities Accounts Payable Other Liabilities Total Liabilities Stockholders’ Equity Contributed Capitol Retained earnings Total Stockholders’ equity Total liabilities and stockholders’ equity 20,00012,00090,00045,000167,00052,370 2,000 2,000 54,370 54,37087,00025,630112,630167,000