PACIFIC AND SOUTHERN BROADCASTING COMPANY, INC.        

CONSOLIDATED BALANCE SHEET  

STATION'S TOP40 INCEPTION TO THE END

  April 30, 1971  March 31, 1974
Assets    
Current Assets  
 Cash  $ 24,557.50   $  (4,461.19)
 Accounts Receivable    36,485.09   105,903.91
 Prepaid Exp & Other Current Assets    26,550.21     20,275.38
Total Current Assets    87,592.80   121,718.10
 Property & Equipment 1,340,229.17   735,737.91
 Intangible Assets (1,273,637.41) (3,004,037.04)
Total Assets $  154.184.56  $ (2,146,581.03) 
Liabilities & Equity
Current Liabilities
 Current Portion-Long Term Debt $    24.933.30 $   15,560.44
 Other Current Liabilities       62,979.07       59,606.67
 Accrued Interest            226.34               
Total Current Liabilities        88,138.71        75,167.11
  
Long Term Debt         71,000.04
Total Liabilities       159,138.75         75,167.11
Stockholders' Equity
Retained Earnings

           (4,754.19)

Income(Loss) For The Period(03/1971-04/1974)          (4,754.19)    (2,216,991.95)
Total Stockholders' Equity          (4,754.19) (2,221,746.14)
Total Liabilities & Equity $       154,384.56 $(2,146,581.03) 

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