construction assets current assets cash $ 2,491,247 receivables — construction accounts and retained percentages $ 3,489,284 other 1,845,374 5,334,658 unbilled costs on work in progress 105,774 inventories at cost or net realizable value — construction materials and supplies $ 814,202 iron ore and coal 212,394 1,026,596 total current assets $ 8,958,275 investments and other assets common stock of permanente cement company quoted market value 3,796,089 ... $ 235,295 capital stocks and receivables at cost — wholly-owned subsidiaries 3,104,580 other affiliated companies 3,560,182 interest in joint ventures 4,616,878 land held for development and sale 3,186,248 facilities on construction projects less accumulated amortization of 928,832 1,267,249 prepaid expenses deposits and miscellaneous 612,594 16,583,026 property plant and equipment land buildings and improvements mining properties equipment furniture and fixtures balance sheet october 31 1955 liabilities current liabilities current installments of notes and contracts payable — due within one year $ accounts payable 3,541,238 accrued payrolls general taxes and other liabilities 726,917 current portion of provision for federal income taxes 250,000 total current liabilities $ 4,588,140 long-term liabilities term bank loan due in annual installments of 750,000 beginning july 18 1957 with balance payable july 18 1960 notes and contracts payable due in variable annual installments to january 4 1965 noncurrent portion of provision for federal income taxes partially applicable to recorded income from joint ventures not taxable until subsequent years . . . ! 8,500,000 1,085,015 1,482,699 11,067,714 stockholders equity capital stock par value 2 per share — authorized — 1,000,000 shares issued and outstanding — 877,537 shares $ 1,755,075 retained earnings 13,244,925 restricted under bank loan agreement 17,008,038 18,763,113 34,418,967