utah construction & mining co and subsidiaries statement of consolidated income for the years ended october 31 1962 and 1961 income gross revenues from operations note 5 costs and expenses gross profit from operations equity in net income of — affiliates note 1 joint ventures note 5 gain on sale of property and investments interest other expenses general and administrative employees retirement-plan provision interest net income before income taxes provision for income taxes net income 1961 utah construction & mining co and subsidiaries statement of consolidated earned surplus for the years ended october 31 1962 and 1961 balance beginning of year add net income deduct dividends : cash — 1.75 per share in 1962 and 1.60 per share in 1961 stock 1962 — 41,456 shares at 40.50 per share 1961 — 40,764 shares at 56.50 per share balance end of year including equity in the undistributed earnings of affiliates notes 1 and 3 1962 47,909,932 9,321,322 57,231,254 $ 3,753,307 1,678,968 $ 5,432,275 51,798,979 1961 43,815,096 9,774,151 $ 3,376,149 47,909,932 n integral part of this statement the accompanying notes a