utah construction & mining co and subsidiaries consolidated balance sheets — october 31 1965 and 1964 liabilities and capital current assets cash $ 2,489,945 accounts and notes receivable from operations 14,749,993 inventories at the lower of cost or market — mining 3,056,862 construction 4,437,500 prepaid expenses 2,161,956 total current assets $ 26,896,256 investments affiliated companies note 1 ) $ 32,463,600 equity in joint ventures 19,498,059 land and real estate — land held for development and sale less purchase-money obligations note 2 10,868,452 land held for investment 1,855,819 improved real estate held for investment less accumulated depreciation of 2,458,053 in 1965 and 2,066,970 in 1964 11,907,844 $ 76,593,774 other assets : long-term receivables $ 2,858,102 other 1,364,951 $ 4,223,053 construction and mining equipment and facilities at cost construction equipment and facilities $ 15,981,187 mining lands leases and development costs 9,1 33,602 mining equipment and facilities 27,796,263 $ 52,911,052 less — accumulated depreciation and depletion 27,964,539 $ 24,946,513 $ 1,896,916 17,174,531 3,084,428 1,577.850 2,137,630 $ 27,873,842 8,610,915 9,286,239 2,043,190 12,298,034 $ 16,866,230 8,962,587 27,056,517 $ 52,885,334 27,498,381 116,251,511 current liabilities bank loans notes and contracts payable and current portion of long-term liabilities . accounts payable accrued liabilities accrued income taxes total current liabilities long-term liabilities 5¥a note payable to insurance company due in varying installments to 1981 notes 3 and 8 4 term loan payable to banks maturing october 31 1968 bank loans due on or before december 30 1968 partially secured by improved real estate notes and contracts payable due in various installments to 1979 deferred income taxes reserves and other stockholders investment capital stock par value 2 per share — authorized — 10,000,000 shares issued — 4,304,206 shares capital surplus earned surplus including equity in undistributed earnings of affiliates notes 1 and 3 treasury stock 3,967 shares at cost an integral part of these balar $ 7,729,561 6,484,393 3,521,432 1,922,901 $ 19,658,287 $ 36,644,855 $ 8,608,412 2,916,893 64,933,418 102,269 $ 76,356,454 132,659,596