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accompanying notes Accounts payable Accounts receivable Accrued pensions Accumulated depreciation accumulated earnings Additions Allowance for depreciation approval auditing AUDITORS balance sheet BANK barley Beer Board of Directors Bottles capital cent Charge of Finance common stock cost current assets Current liabilities customers December 31 deducted DeHAYES DETROIT dividends employees EPSTEIN President estimated realizable value excise taxes Executive Vice President exercised Facilities held financial statements fixed assets held for disposition HENRY PROTZMANN Executive HERBERT income and accumulated increased Inventories June 21 labor contracts less Lybrand malt MICHIGAN MONTGOMERY MORRIS & NEUBURGER mortgage agreement Mortgage notes Notes payable operations optioned shares options granted Paul Pfeiffer Brewing Company plant and equipment pledged President in Charge PROTZMANN Executive Vice restricted stock option ROSS BROS SELIGSON SHAREHOLDERS shares on June statement of income STOCK EXCHANGE stock option plan stockholders storage Total current Total liabilities TROUTEAUD Vice President TRUST COMPANY YORK