Lakeshore Company								7:00 PM
Balance Sheet								01/30/2007
								Cash Basis
			As Of:	Dec 31, 04	Dec 31, 05	Dec 31, 06	Dec 31, 07	Dec 31, 08
ASSETS
	Current Assets
		Checking/Savings
			Checking (Wachovia '6596)	15,900.36	19,256.87	76,638.63	45,143.37	37,958.09
			Money Market (Wachovia '7554)	37,904.95	37,904.95	130,827.13	100,827.13	100,827.13
		Total Checking/Savings		53,805.31	57,161.82	207,465.76	145,970.50	138,785.22
	Total Current Assets			53,805.31	57,161.82	207,465.76	145,970.50	138,785.22
	Fixed Assets
		Dam & Dredge
			Accumulated Depreciation			-19,500.00	-45,500.00	-71,500.00
			Construction			464,228.86	474,228.86	474,228.86
			Engineering & Permitting			44,077.60	70,077.60	70,077.60
		Total Dam & Dredge		0.00	0.00	488,806.46	498,806.46	472,806.46
		Water Improvements					9,000.00	12,000.00
	Total Fixed Assets			0.00	0.00	488,806.46	507,806.46	484,806.46
TOTAL ASSETS				53,805.31	57,161.82	696,272.22	653,776.96	623,591.68
LIABILITIES & EQUITY
	Liabilities
		Long Term Liabilities
			Loan From NJDEP for Dam/Dredge			628,124.85	650,402.85	616,102.85
			Water Improvements Reserve				35,000.00	35,000.00
		Total Long Term Liabilities		0.00	0.00	628,124.85	685,402.85	651,102.85
	Total Liabilities			0.00	0.00	628,124.85	685,402.85	651,102.85
	Equity
		Opening Bal Equity		88,466.61	88,466.61	88,466.61	88,466.61	88,466.61
		Retained Earnings		0.00	-34,661.30	-31,304.79	-20,319.24	-121,797.78
		Net Income		-34,661.30	3,356.51	10,985.55	-99,773.26	5,820.00
	Total Equity			53,805.31	57,161.82	68,147.37	-31,625.89	-27,511.17
TOTAL LIABILITIES & EQUITY				53,805.31	57,161.82	696,272.22	653,776.96	623,591.68