[United States National Company Form 1120, U. S. Corporation Income Tax Return: 1961] Page: 4 of 18
This report is part of the collection entitled: Harris and Eliza Kempner and was provided to The Portal to Texas History by the Rosenberg Library.
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1. Earned surplus and undivided
profits at end of preceding tax-
able year (Schedule L).......
2. Taxable income before net operat-
ing loss deduction and special
deductions (line 28, page 1) ....
3. Nontaxable interest on:
(a) Obligations of a State, or a
possession of the United States,
or any political subdivision of
any of the foregoing, or the
Dist. of Columbia..........
(b) All postal savings bonds ......
4. Other nontaxable income (attach
schedule)......... ........ .
5. Charges against surplus reserves
deducted from income in this re-
turn (attach schedule).........
6. Adjustments for tax purposes not
recorded on books (attach sch.) .
7. Sundry credits to earned surplus
(attach schedule)............
8. Total of lines 1 to 7........F TAXABLE IN UUV?. a0
$190.-.40.Q99
------24.2~eAVlt~ ~ S EL ANL55U +RNEDU SURPLUS AND UNL
9. Total distributions to stockholders charged to earned
surplus during the taxable year: (a) Cash...... .
(b) Stock of the corporation..................
(c) Other property (attach schedule)............
10. Contributions in excess of 5% limitation..........
11. Federal income and excess profits taxes..........
12. Income taxes of foreign countries or United States
possessions if claimed as a credit in whole or in
part on line 6, page 3 Tax Computation........
13. Insurance premiums paid on the life of any officer or em-
ployee where the corporation is directly or indi-
rectly a beneficiary.........................
14. Unallowable interest incurred to purchase or carry
tax-exempt interest obligations................
15. Excess of capital losses over capital gains........
16. Additions to surplus reserves (attach schedule)..
17. Other unallowable deductions (attach schedule) ....
18. Adjustments for tax purposes not recorded on books
(attach schedule)............................
19. Sundry debits to earned surplus (attach schedule)...
20. Total of lines 9 to 19....................21.
Earned surplus and undivided profits at end of the
taxable year (Schedule L) (line 8 less line 20) ...*r U.S. GOVERNMENT PRINTING OFFICE: 1961-0-600805
DIVIDED PROFITS
-$-- 4,-500.-00
---- ~-- -. -- --$210 ,3 7
$210, 815. 73Page 4
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Schedule L.-BALANCE SHEETS (see instructions)
Beginning of taxable year End of taxable ye r
ASSETS (A) Amount (B) Total (C) Amount .( Total
1. C a sh .......................................... - - - - - - - - -- - -
1. Cash---------------------------------
2. Govt. obligations: (a) U.S. and instrumentalities;- - -
(b) State, subdivisions thereof, etc_......_..,.._._._._._._._._.
3. Notes and accounts receivable....................b7_5-,.80A5ZQQ 7
(a) Less: Reserve for bad debts...................--67,802.41 _ $58, 002. 71
4. Inventories: (a) Other than last-in, first-out.......--
(b) Last-in, first-out. ..._.._._._._._.-..-......- - - - --
5. Other current assets including short term marketable
investments (attach schedule) ....................
6. Loans to stockholders.........................
7. Mortgage and real estate loans.................. .
8. Other investments (attach schedule)D.n.SQ. Ci-lC . Ck0 50A0Q -- 500. 00
9. Buildings and other fixed depreciable assets........30_4-642.-67 304. 642. 67
(a) Less: Accumulated amortizationand depreciation. 160,f697. _5 5 94172,402. 03 132s 240. 64
10. Depletable assets..........- --..................-
(a) Less: Accumulated depletion................
11. Land (net of any amortization)......... . . ......._ 5x98 89 115, 357. 35
12. Intangible assets (amortizable only). - - - - --...........
(a) Less: Accumulated amortization............
13. Other assets (attach schedule)...................
14. Total assets ..............................$430 ,100.70
LIABILITIES AND CAPITAL
15. Accounts payable.............................. ---87 385. 33 $52,284.9
16. Deposits and withdrawable shares..............
17. Bonds, notes, and mortgages payable (maturing less
than one year from date of balance sheet).
18. Other current liabilities (attach schedule).........
19. Loans from stockholders...................... .
20. Bonds, notes, and mortgages payable (maturing one
year or more from date of balance sheet)......
21. Other liabilities (attach schedule) ...............
22. Capital stock: (a) Preferred stock................-_...
(b) Common stock..................$ 45, 000. 00- 000.00 $45000.0 45, 000- 00
23. Paid-in or capital surplus........................
24. Surplus reserves (attach schedule)8.................4
25. Earned surplus and undivided profits.............. $196,848.-09 --T-,~---.7
26. Total liabilities and capital..................$329, 233. 42 $308, 100. 70
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Schedule M.-RE O:NUIIJ IO11V
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United States National Company. [United States National Company Form 1120, U. S. Corporation Income Tax Return: 1961], report, January 30, 1962; (https://texashistory.unt.edu/ark:/67531/metapth1292087/m1/4/?q=%221964~%22: accessed August 15, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Rosenberg Library.