Exhibit 1 Lawn Master Mowers, Inc Balance Sheet as of December 31, 2000-2002 (in thousands) 2000 2001 Cash

3449 891 A/R 1170 1292 Inventory 1972 2280 Total current assets 6591 4463 Plant and other equip 6341 8483 Other assets 302 355 TOTAL 13234 13301 Bank Loan A/P-Trade Reserve for federal income tax Misc. accruals Mortgage, current Total current liabilities Mortgage payable Common stock (500,000 share @12.00par) Earned Surplus TOTAL 0 690 110 79 250 1129 3750 6000 2355 13234 0 720 130 121 250 1221 3500 6000 2580 13301

2002 508 1680 2960 5148 9439 370 14957 1620 780 150 148 250 2948 3250 6000 2759 14957

Exhibit 2 Lawn Master Mowers, Inc Income and retained earnings statements, 2000-2002 (in thousands) 2000 2001 Net sales 11546 12761 COGS** 9756 10527 Gross Profit 1790 2257 Operating expenses*** 727 755 Profit before income and taxes 1063 1479 Mortgage interest 0 354 Profit before taxes 1063 1125 Provision for federal income taxes 528 550 Profit after taxes 535 575 Dividends 350 350 Retained Earnings 185 225

** includes straight-line depreciation of: 2000 $355 2001 $370 2002 $470 *** includes interest on bank loan but not mortgage interest

2002 14822 12302 2520 834 1686 332 1354 675 679 500 179

Exhibit 3 Lawn Masters Mowers, Inc Estimated monthly sales and month-end Accounts Receivable for 2003 (in thousands) Net Sales January 1240 February 1750 March 2470 April 2550 May 2850 June 1610 July 1340 August 1120 September 640 October 600 November 630 December 1200

A/R end of month 2300 3290 4730 5720 6180 5240 3300 2730 1820 1310 1320 1980

Lawn Masters Mowers, Inc Income Statement 2003 Sales Cost of Goods Sold Gross Proft less Operating expense less Mortgage interest Net income before tax U.S Taxes Net After Tax less Dividends Added to Retained Earnings $18,000 $14,900 $3,100 $900 $310 $1,890 $945 $945 $500 $445 (Given page 3) (Given page 3) (Given page 2) (Page 3,See note-> ) (50% of 1890) (Exhibit 2)

Mortgage interest is calculated at an annual rate of 9% of the unpaid balance of the mortgage loan at the time of payment. 3500 * 0.09 * 6/12= 3375 * 0.09 * 6/12= 158 152 310 (3500 =leftover balance in exhibit 1 balance sheet) (3500-125 payment in june =3375)

the mortgage

1 balance sheet)

Lawn Masters Mowers, Inc Balance Sheet 12/31/2003 Assets Cash A/R Inventory* Total current assets Fixed Assets Net** Other Assets Total Assets Liabilities Bank Loan A/P Reserve for federal income tax*** Misc. Accruals Mortgage,current Current Liabilities Mortgagae Payable Common Stock Retained Earnings**** Total Liabilities $500 $1,980 $3,310 $5,790 $9,579 $370 $15,739 (Given as minimum, Page 3) (Given Exhibit 3) ( See note->)

( See note ->) (Given Exhibit 1)

$2,142 $750 $245 $148 $250 $3,535 $3,000 $6,000 $3,204 $15,739

(Plug) (Page 2, one month purchases) (See note->) (Page 2, Exhibit 1) (Exhibit 1)

(Exhibit 1 -250, page 3) (Exhibit 1) (See note->)

*Inventory: Beg. Balance + Purcases + Labor & overhead + Depreciation Cost of gds manufactured - COGS Ending balance **Fixed Assets: End of prior period +New equiptment +recurring equip outlays - depreciation current year end of period *** Federal income tax: Total est. tax liability from I/S - 4 estimated payments in 2003 Net Due at 12/31/03 ****Retained Earnings: Beg Balance + Net income - Dividends Ending balance

2,960 8,750 6,000 500 18,210 (14,900) 3,310

(Exhibit 1) ( Page 2, 11 months @ 750 + 1 month @ 500) ( Page 2, 12 months @ 500 each) ( Page 2) ( Page 3)

9,439 400 240 (500) 9,579

(Exhibit 1) (Given top of page 3) (Given top of page 3) ( Page 2)

945 ( from I/S, 50% of profit) (700) ( Page 3, 4 payments of 175) 245

2759 (Exhibit 1) 945 Income statement (500) (Exhibit 2) 3204

Lawn Master Mowers,Inc Projected monthly cash budget January through December, (in thousands) Jan Beginning A/R Current months credit sales less ending A/R Collections of A/R Drawdown of bank account Total cash inflow Disbursements: Payment of A/P Overhead and labor Operating expenses Recurring equipment outlays New equipment purchases Repayment of mortgage principal Mortgage interest Balance of '02 taxes+'03 taxes Dividends Total Disbursements Monthly net inflow(+) or outflow(-) Previous balance of bank loan Final bank credit required 1680 1240 (2300) 620 8 628 Feb 2300 1750 (3290) 760 760 Mar 3290 2470 (4730) 1030 1030 Apr 4730 2550 (5720) 1560 1560 May 5720 2850 (6180) 2390 2390

780 500 75 20

750 500 75 20

750 500 75 20 100

750 500 75 20 100

750 500 75 20 100

1375 (747) 1620 2367

1345 (585) 2367 2952

75 250 1770 (740) 2952 3692

175 1620 (60) 3692 3752 1445 945 3752 2807

er, (in thousands) June 6180 1610 (5240) 2550 2550 July 5240 1340 (3300) 3280 3280 Aug 3300 1120 (2730) 1690 1690 Sep 2730 640 (1820) 1550 1550 Oct 1820 600 (1310) 1110 1110 Nov 1310 630 (1320) 620 620 Dec 1320 1200 (1980) 540 540 (Exhibit 3) (Exhibit 3) (Exhibit 3)

750 500 75 20 100 125 158 250 1978 572 2807 2235

750 500 75 20

750 500 75 20

500 500 75 20

750 500 75 20

750 500 75 20

750 500 75 20 125 152 175

1345 1935 2235 300

1345 345 300 (45)

175 250 1520 30 (45) (75)

(Exhibit 1 & page 2) (Page 2) (Page 2, 900/12 mos) (Page 3) (Page 3) (Page 3) (page 3, explained in I/S) (Page 3,top) (Page 3)

1345 (235) (75) 160

1345 (725) 160 885

1797 (1257) 885 2142

(Total cash inf - total disburseme

(Exhibit 1 & page 2) (Page 2, 900/12 mos)

(page 3, explained in I/S) (Page 3,top)

(Total cash inf - total disbursements)

Lawn Master Mowers Statement of cash flows Cash flow from operating activities: Net Income Additions (Sources of cash) Depreciation Increase in other current liabilities Deductions (Uses of cash) Increase in net receivables Increase in inventory Decrease in accounts payable Net Cash Flow from operating Activities Cash flow from investing activities: Acquisition of fixed assets Cash flow from financing activities: Increase in notes payable Increase(decrease) long-term debt Common dividends paid Net cash flow from financing activities Net increase(decrease) in cash Beginning cash Ending cash

2003

$945

$500 $95

(Page 2) federal income tax 03 -federal inc

($300) ($350) ($30) $860

(640)

(400 machinery + 240 recurring e

$522 ($250) ($500) (228) (8) 508 500

(B/S 2142-1620 in exhibit 1) (3250-3000, 250 mortgage paid) (03 Income statement)

(508-500 cash) (Exhibit 1) (12/31/03 balance sheet)

federal income tax 03 -federal income tax 02, 245-150)

(400 machinery + 240 recurring equipment expenditures page 3)

(B/S 2142-1620 in exhibit 1) (3250-3000, 250 mortgage paid) (03 Income statement)

(508-500 cash) (12/31/03 balance sheet)