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Exhibit 2 Forecast (2)

Cartwright Lumber Company Balance Sheet forecast Balance Sheet Days outstanding
Sales $ 1,697 $ 2,013 $ 2,694 #REF! #REF! % of Sales Forecast
Assets 2001 2002 2003 2004 2005 2001 2002 2003 2004 2005 2001 2002 2003 2004
Cash $ 58 $ 48 $ 41 #REF! #REF! 3.4% 2.4% 1.5% 2% 2%
Accounts Rec., net 171 222 317 #REF! 10.1% 11.0% 11.8% 37 40 43 27
Inventory 239 326 418 #REF! 14.1% 16.2% 15.5% 16%
Current Assets 468 596 776 #REF!
Property, net 126 140 157 #REF! 7.4% 7.0% 5.8% 7.0%
Total Assets $ 594 $ 736 $ 933 #REF!

Liabilities & Net Worth


Notes Payable Bank $ - $ 146 $ 233 $ -
Note Payable to Stark, curr. Portion 105 - - -
Notes Payable Trade - - - -

Accounts Payable 124 192 256 #REF! 7.3% 9.5% 9.5% 8.5% 27 35 35
Accrued Expenses 24 30 39 #REF! 1.4% 1.5% 1.4% 1.40%
Term Loan, curr. Portion 7 7 7 7
Current Liabilities 260 375 535 #REF!
Term Loan 64 57 50 43
Total Liabilities 324 432 585 #REF!
Net Worth 270 304 348 #REF!
Total Liabilities & Net Worth $ 594 $ 736 $ 933 #REF!

Plug #REF!
Exhibit 1

Cartwright Lumber Company Income Statememt First


Quarter
2001 2002 2003 2004 Notes
Net Sales $ 1,697 $ 2,013 $ 2,694 $ 718
Cost of Goods Sold:
Beginning Inventory 183 239 326 418
Purchases 1,278 1,524 2,042 660
Ending Inventory 239 326 418 556
Total Cost of Goods Sold 1,222 1,437 1,950 522

Gross Profit 475 576 744 196


Operating Expenses 425 515 658 175
Earnings Before Interest & Taxes 50 61 86 21
Interest Expense 13 20 33 10
Net Income Before Taxes 37 41 53 11
Provision for Income Taxes 6 7 9 2
Net Income $ 31 $ 34 $ 44 $ 9

Taxes
50,000 0.15 5.55 6.15 7.50 1.65
75,000 0.25 - - 0.75 -
over 75,000 0.35 - - - -
-
Total 5.55 6.15 8.25 1.65
Average Tax Rate 15% 15% 16% 15%
Exhibit 2

Cartwright Lumber Company Balance Sheet First


Quarter
Assets 2001 2002 2003 2004 2005 Notes
Cash $ 58 $ 48 $ 41 $ 31
Accounts Rec., net 171 222 317 345
Inventory 239 326 418 556
Current Assets 468 596 776 932
Property, net 126 140 157 162
Total Assets $ 594 $ 736 $ 933 $ 1,094

Liabilities & Net Worth


Notes Payable Bank $ - $ 146 $ 233 $ 247
Note Payable to Stark, curr. Portion 105 - - -
Notes Payable Trade - - - 157

Accounts Payable 124 192 256 243


Accrued Expenses 24 30 39 36
Term Loan, curr. Portion 7 7 7 7
Current Liabilities 260 375 535 690
Term Loan 64 57 50 47
Total Liabilities 324 432 585 737
Net Worth 270 304 348 357
Total Liabilities & Net Worth $ 594 $ 736 $ 933 $ 1,094
Exhibit 1 % Sales

Cartwright Lumber Company Income Statememt First First


Quarter Quarter
2001 2002 2003 2004 2001 2002 2003 2004
Net Sales $ 1,697 $ 2,013 $ 2,694 $ 718 100% 100% 100% 100%
Cost of Goods Sold:
Beginning Inventory 183 239 326 418 11% 12% 12% 58%
Purchases 1,278 1,524 2,042 660 75% 76% 76% 92%
Ending Inventory 239 326 418 556 14% 16% 16% 77%
Total Cost of Goods Sold 1,222 1,437 1,950 522 72% 71% 72% 73%

Gross Profit 475 576 744 196


Operating Expenses 425 515 658 175 25% 26% 24% 24%
Earnings Before Interest & Taxes 50 61 86 21
Interest Expense 13 20 33 10 1% 1% 1% 1%
Net Income Before Taxes 37 41 53 11 2% 2% 2% 2%
Provision for Income Taxes 6 7 9 2
Net Income $ 31 $ 34 $ 44 $ 9 2% 2% 2% 1%

Taxes
50,000 0.15 5.55 6.15 7.50 1.65
75,000 0.25 - - 0.75 -
100,000 0.34 - - - -
over 100,000 0.39 - - - -
Total 5.55 6.15 8.25 1.65
Average Tax Rate 15% 15% 16% 15%
Exhibit 2 Forecast

Cartwright Lumber Company Balance Sheet forecast Balance Sheet Days outstanding
Sales $ 1,697 $ 2,013 $ 2,694 $ 3,225 #REF! #REF! % of Sales Forecast
Assets 2001 2002 2003 2004 2005 2006 2001 2002 2003 2004 2005 2006 2001 2002 2003 2004 2005 2006
Cash $ 58 $ 48 $ 41 $ 65 #REF! #REF! 3.4% 2.4% 1.5% 2% 2% 2%
Accounts Rec., net 171 222 317 327 #REF! #REF! 10.1% 11.0% 11.8% 37 40 43 37 37 37
Inventory 239 326 418 516 #REF! #REF! 14.1% 16.2% 15.5% 16% 16% 16%
Current Assets 468 596 776 907 #REF! #REF!
Property, net 126 140 157 226 #REF! #REF! 7.4% 7.0% 5.8% 7.0% 7.0% 7.0%
Total Assets $ 594 $ 736 $ 933 $ 1,133 #REF! #REF!

Liabilities & Net Worth


Notes Payable Bank $ - $ 146 $ 233 $ 465 $ 465 $ 465
Note Payable to Stark, curr. Portion 105 - - - - -
Notes Payable Trade - - - - - -

Accounts Payable 124 192 256 #REF! #REF! #REF! 7.3% 9.5% 9.5% 8.5% 8.5% 8.5% 27 35 35 #REF! #REF! #REF!
Accrued Expenses 24 30 39 45 #REF! #REF! 1.4% 1.5% 1.4% 1.40% 1.40% 1.40%
Term Loan, curr. Portion 7 7 7 7 8 9
Current Liabilities 260 375 535 #REF! #REF! #REF!
Term Loan 64 57 50 43 35 26
Total Liabilities 324 432 585 #REF! #REF! #REF!
Net Worth 270 304 348 #REF! #REF! #REF!
Total Liabilities & Net Worth $ 594 $ 736 $ 933 #REF! #REF! #REF!

Plug #REF! #REF! #REF!


Cartwright Lumber Company Income Statememt
10% $ 0.08 0.05 Forecast
2001 2002 2003 2004 2005 2006 2001 2002 2003 2004 2005 2006
Net Sales $ 1,697 $ 2,013 $ 2,694 $ 2,963 $ 3,200 $ 3,360
Cost of Goods Sold:
Beginning Inventory 1,278 1,524 2,042 1,950 474 512
Purchases 239 326 418 2,223 2,400 2,520 14% 16% 16% 75% 75% 75%
Ending Inventory 1,222 1,437 1,950 474 512 538 72% 71% 72% 16% 16% 16%
Total Cost of Goods Sold 295 413 510 3,698 2,362 2,495 17% 21% 19% 125% 72%

Gross Profit 425 515 658 (735) 838 866


Operating Expenses 50 61 86 770 832 874 3% 3% 3% 26% 26% 26%
Earnings Before Interest & Taxes 375 454 572 (1,505) 6 (8)
Interest Expense 37 41 53 30 32 34 2.18% 2.04% 1.97% 1% 1% 1%
Net Income Before Taxes 338 413 519 (1,535) (26) (42)
Provision for Income Taxes 6 7 9 (260.97) (4.43) (7.07) 2% 2% 2% 17% 17% 17%
Net Income $ 332 $ 406 $ 510 $ (1,274) $ (22) $ (35)

Cartwright Lumber Company Balance Sheet forecast Balance Sheet


Sales $ 1,697 $ 2,013 $ 2,694 $ 3,225 $ 3,200 $ 3,360 % of Sales Forecast
Assets 2001 2002 2003 2004 2005 2006 2001 2002 2003 2004 2005 2006
Cash $ 58 $ 48 $ 41 $ 65 $ 64 $ 67 3.4% 2.4% 1.5% 2% 2% 2%
Accounts Rec., net 171 222 317 327 324 341 10.1% 11.0% 11.8%
Inventory 239 326 418 516 512 538 14.1% 16.2% 15.5% 16% 16% 16%
Current Assets 468 596 776 907 901 946
Property, net 126 140 157 226 224 235 7.4% 7.0% 5.8% 7.0% 7.0% 7.0%
Total Assets $ 594 $ 736 $ 933 $ 1,133 $ 1,125 $ 1,181

Liabilities & Net Worth


Notes Payable Bank $ - $ 146 $ 233 $ 465 $ 465 $ 465
Note Payable to Stark, curr. Portion 105 - - - - -
Notes Payable Trade - - - - - -

Accounts Payable 124 192 256 200 196 - 7.3% 9.5% 9.5% 8.5% 8.5% 8.5%
Accrued Expenses 24 30 39 45 45 47 1.4% 1.5% 1.4% 1.40% 1.40% 1.40%
Term Loan, curr. Portion 7 7 7 7 8 9
Current Liabilities 260 375 535 718 714 521
Term Loan 64 57 50 43 35 26
Total Liabilities 324 432 585 761 749 547
Net Worth 270 304 348 345 324 289
Total Liabilities & Net Worth $ 594 $ 736 $ 933 $ 1,106 $ 1,072 $ 836

Plug $ 27 $ 52 $ 345