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EXHIBIT B.-Consolidated capital surplus, Mar. 31, 1934.-Continued
Revalued upon sale to Alaska Livestock & Packing Co., and
Nunivak Development Co., as follows:

Alaska Livestock & Packing Co., appraised valuation of
herds..

Reduced by adjustment in plant values; plants and
herds to equal a stated valuation.......

Appraised value to Alaska livestock_
Appraised value to Nunivak development.

Book valuation after reorganization Mar. 31, 1930----.

Surplus arising through revaluation of herds.

Appreciation of book values of fixed assets of the Nome Lighterage & Commercial Co. upon transfer to Lomen Commercial Co., Mar. 31, 1930____

Total capital surplus Mar. 31, 1930.

Excess of cost of Arctic Transport stock to Northwestern Live-
stock Corporation over par value of stock 1.
Excess of cost of Nome Lighterage stock over book value Mar.
31, 1930 2

Consolidated goodwill Mar. 31, 1930..........

Net consolidated capital surplus Mar. 31, 1930. Reduction in parent company's interest in capital surplus through sale of part of holdings in Alaska Livestock & Packing Co..... Minority interest in capital surplus___

Net reduction in consolidated capital surplus. --

Net consolidated capital surplus Mar. 31, 1934...

$4, 325, 000. 00

41, 473. 21

4, 283, 526. 79 26, 399. 37

4,309, 926. 16

3,091, 752. 27

173, 135. 59

3, 264, 887. 86

35, 000. 00

24, 500. 23

59, 500. 23

3, 205, 387. 63

89, 450. 82 50, 785. 28

38, 665. 54

3, 166, 722. 09

1 Exclusive of surplus at date of acquisition.

Does not provide for profit earned from August 1927, date of acquisition, to March 1930, date of reorganization.

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EXHIBIT C.-Combined statements of income and profit and loss (condensed) for 4 years, Apr. 1, 1930-Mar. 31, 1934

Gross profit or loss (before depreciation).

Less loss on production (including $46,628.26 depreciation).

Gross profit or loss (after depreciation).

Selling, general and administrative expenses.

Less interest.

Less provision for bad debts.

Profits and loss credits:

Deferred credit and extraordinary items..

Profit on stock sales..

Deficit at end.

Deficit beginning.

1 LOSS.

2 Surplus.

Credit.

EXHIBIT C-1.-Combined statements, Northwestern Livestock Corporation and Alaska Livestock & Packing Co., of income and profit and loss for fiscal years ended Mar. 31, 1934-33-32-31

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EXHIBIT C-2.-Combined statements of income and profit and loss for fiscal years ending Mar. 31, 1934-33-32-31

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EXHIBIT C-2.-Combined statements of income and profit and loss for fiscal years ending Mar. 31, 1934–33–32-31-Continued

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EXHIBIT D.-Balance sheet Northwestern Livestock Corporation, Mar. 31, 1934

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EXHIBIT D.-Balance sheet Northwestern Livestock Corporation, Mar. 31, 1934

Continued

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534, 948. 68

Total due Baldwin Bros. (secured by 1,193 shares of Arctic
Transport Co. capital stock) –.

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