# BEFORE THE DEPARTMENT OF TRANSPORTATION OFFICE OF THE SECRETARY WASHINGTON, D.C.

Date: 12-31-2010 APPLICATION OF Marceco Ltd 4585 40th 

# St Kentwood MI 49512
Marceco Ltd submits this application for a certificate ofpublic convenience and necessity authorizing interstate charter air transportation pursuant to section 41102 ofTitle 49 of the United States code. In support ofits application Marceco Ltd states the following: General 1. 

# Applicant is a corporation organized on January 1,2000under the laws ofthe State of Michigan. Its address is: Marceco Ltd 4585 40th 

# St Grand Rapids MI, 49512 Phone: 866-458-3888. Fax: 866-458-5485 Communications with respect to this document should be sent to: David Den Herder President Marceco Ltd 4585 40th 

# St Grand Rapids MI 49512 Phone: 866-458-3888 Cell: 616-334-4666 Fax: 866-458-5485 Email: davidd(w.marcecoltd.com

# 2. A narrative history ofthe applicant: a). Applicant is currently engaged in the wholesale distribution ofprepaid cellular and long distance products in the continental United States. Operations are based in Grand Rapids MI where applicant owns and operates a 20,000 sq ft warehouse. In addition to the Grand Rapids warehouse, applicant operates local distribution centers in Milwaukee WI, Minneapolis/St Paul MN, St Louis MO, OmahaNE, Detroit MI and Columbus OH. The business was started in 1995 as a sole proprietorship (dba Prepaid Phone Cards) by David Den Herder and was reformed as a Subchapter S corporation in the year 2000. When Marceco Ltd was formed in 2000, Mark Den Herderand Ruth Den Herder became share holders in the new corporation, eachholding 40% with David Den Herder holding the remaining 20%. In October of2004, applicant purchased the right to distribute Boost Mobile (Sprint/Nextel) prepaid products from Jamal Aqel for 20% ofMarceco Ltd with 10% coming from Mark Den Herder and 10% coming from Ruth Den Herder (see attachment A). Ownership has not changed since thatpurchase and is as stated above. Income is solely derived from the sale and distribution ofprepaid telecommunication services atthis time. Sales projections for the year 2010 are approximately 80 million. Because ofapplicants expanding presence in the Midwest and beyond, a Cirrus SR22 Turbo aircraft was purchased in October of2009. This has greatly enhanced applicants ability to not only manage the existing customer base, but to take advantage ofgrowth opportunities facilitated by the quick and efficient transportation ofa Cirrus SR 22. The cost ofthe aviation department for Marceco Ltd is currently supported solely by the profitability ofour distribution business. Flights are conducted on a regular basis between most ofthe major and secondary cities in the states ofMichigan, Ohio, Kentucky, Indiana, Missouri, Iowa, Kansas, Nebraska, North and SouthDakota, Minnesota, Wisconsin and Illinois. With the emergence ofsophisticated avionics, carbon fiber construction, certification for flight into known icing, and cruising speeds in excess of200 knots, the single engine Cirrus SR 22 turbo becomes a low cost solution for air charter services between these Midwestern cities. We intend to leverage our current investment in our aviation department to tum it into a profit center. b). Applicantrequests authority to engage in interstate charter air transportation of persons. The initial efforts will focus onbusiness travel between the cities ofGrand Rapids MI, Detroit MI, Cleveland OH, Columbus OH and Indianapolis IN. While not intending to limit services to these cities, the value ofthe service flying to the West in a single engine aircraft is diminished because ofthe need to fly around Lake Michigan. The applicant is considering adding a multi engine aircraft in the future to better serve those customers who wish to fly to Chicago and Milwaukee, but does not intend to do so before the current proposal is approved. Plans are being developed to serve the pleasure traveler by working with a travel agency to market a vacation package to Mackinaw island that includes airfare and lodging at the Grand Hotel. A tentative schedule of airfare rates will be as follows:

# Airtime rate (one way) Airtime rate (round trip) Deadheadrate Pilot "waittime" rate $600.001hr $350.00/hr 

# $99.001hr $50.001hr Our initial goal will be to book 20 hours per month ofbillable airtime. Operating costs will vary depending onthe mix ofone way vs. round trip and number ofdeadhead flights sold. We are projecting the following; 12hrs round trip, 8hrs one way 24 hours ofpilot wait time, and 3 deadhead passengers. This will generate a total of$1O,497.00 in gross revenue with an approximate operating cost of$6000.00 (operating cost ofairplane and pilot is @190.001hr). Profit in the above scenario will be $4,497.00. There is no financial risk to the applicant as the cost ofthe airplane and the administration ofthe department is completely supported by our wholesale business. Any revenue generated becomes an offset to our existing costs. As we are able to establish a customerbase, and the department becomes selfsupporting our intent is to set up a separate corporation for the air charter services which would then sell services back to the parent corporation. The applicant will become the biggest customer ofthe charter services. c). Atthis time applicant does not intend to establish maintenance or operations bases separate from the corporate offices. d). There are no plans for contracting services at a maintenance oroperations base at this time. Applicant does intend to offer flight training services in the future. 3. Applicant's current aircraft is a 2009 Cirrus SR22 Turbo (N159CS) aircraft. The plane is a 4 place aircraft with a useful load of926 lbs. It

# has limited cargo capacity as it is designed primarily for the transportation ofpersons which is applicants intended use. a). Applicantpurchased the aircraft in October of2009 for $607,000.00. Applicant paid offthe note on the aircraft in July of2010 and currently owns 100% ofthe aircraft. b). Applicant is non-operating and affidavit will be submitted at the time FAA documents are submitted to the Department to make its authority effective. 4. The applicant does not hold any current authority to conduct air transportation services. a). The applicant is seeking a new authority to conduct interstate charter services. The FAA personnel responsible for processing our application is: Robert C Koneful CFII, MEl, ATP, A&P Federal Aviation Administration Flight Standards District Office 5800 Nimtz Pkwy South Bend IN 46628

# Office 574-245-4635 Email robert.c.koneful@faa.gov Corporate Structure and Ownership 1. The applicant is a Subchapter S corporation in the state ofMichigan, incorporated in the year 2000. 2. The applicant is a corporation in good standing with the state ofMichigan as evidencedby the statementprovided for by the Secretary ofState and can be found in attachment B. 3. All shareholders ofMarceco Ltd are United States Citizens as evidenced in the sworn affidavit which can be found in attachment C. 4. In 2000 when the corporation was formed, 60,000 shares ofcommon stock were issued ofwhich 2500 shares are outstanding. The ownership ofthose 2500 shares are as follows: David Den Herder 500 shares common stock Ruth Den Herder 750 shares common stock Mark Den Herder 750 shares common stock Jamal Aqel 500 shares common stock See attachment D 5. The applicant is owned by 4 share holders who are all citizens ofthe United States as defined in section 40102(a)(15) ofthe Statue. Information for each ofthe shareholders is as follows: David Den Herder

- President 600 Monroe NW Unit 405 Grand Rapids MI 49503 Phone: 616-334-4666 Email: davidd@marcecoltd.com Ownership and voting share

- 20% DOB: 07-14-1955 Citizenship

- United States Employer

- Marceco Ltd Ruth Den Herder 740 S Federal Unit 908 Chicago III 60605 Phone: 616-516-7611 Email: ruthd:2Vmarcecoltd.com Ownership and voting share

- 30% DOB: 11-22-1979

# Citizenship

- United States Employer

- Marceco Ltd Mark Den Herder 501 Lafayette Ave. SE Grand Rapids MI 49503 Phone: 616-516-6275 Email: markdr(i)marcecoltd.com Ownership and voting share

- 30% DOB: 08-21-1985 Citizenship

- United States Employer

- Marceco Ltd Jamal Aqel 1080 Skyevale Dr AdaMI 49301 Phone: 616-813-8095 Email: jamal.agel:a)universalvvireless.net Ownership and voting share

- 20% DOB: 3-17-1965 Citizenship

- United States OwnerofUniversal Wireless, a Michigan corporation located in Grand Rapids MI. a). No stockholderis an organization. All shares are held bythe individuals identified above. b). No stock is held by any person for the benefit or account ofa third party. c). The share holders ofMarceco Ltd are not related by blood ormarriage norhave they had any fmancial interest in, nor have they served as an officer or director ofany other air carrier, common carrier, nor are they persons substantially engaged in the business of aeronautics orpersons whose principle business (in purpose or fact) is the holding of stock in orcontrol ofany aviation-related entity. d). No shareholder has the optionto convert debt to equity. All issued stock is common stock and there is no option to convert one type ofstock to anothertype. 6. The applicant does not have any separately operating divisions or subsidiaries. Management Expertise and Technical Ability 1. 

# Giventhe scope ofthe proposed operation, the management and control ofthe aviation department is incorporated into the overall structure ofthe corporation. The company's accounting is segmented and income and expense for the aviation department is recorded under that segment by finance personnel. Leadership will be provided by David Den

# Herder, the president ofMarceco Ltd, and Joe Mathews, the applicant's company pilot. All operations are accountable to the board ofdirectors. 2. Key personnel- position and responsibilities. David Den Herder: 1995 to present
- President/owner David currently serves as president ofMarceco Ltd and has been inthat role since the inception ofthe company in 1995. All upper management level decisions will be made bythis position which will primarily involve direction for the department ie., expansion, services offered and finance related issues. Joseph Matthews: 09115/2009 

# to present
- Companypilot Joseph currently serves as companypilot. He will be responsible for all flights involving Marceco's charter service. Although we are not anticipating adding to our services prior to completing this certification, when we add additional aircraft and pilots, Joe will be responsible for the training and flight assignments ofall pilots. 3. Resume's canbe found in attachment E. 4. Citizenship is verified by sworn affidavit found in attachment C 5. Stockheld bythe managementteam: David Den Herder

- 500 shares ofcommon stock 6. None ofthe key personnel hold stock, officer ships, directorships orany other interest in any other carrier, common carriernor are they engaged substantially in the business of aeronautics. 7. Because applicant is pursuingcertification as a single aircraft single pilot operation, we will not be hiring a director ofoperations, director ofmaintenance, director ofsafety, a chiefpilot, or chiefinspector. Financial Position and Operating Plan 1. Financial documents demonstrating the strength ofthe applicant canbe found in attachment F. Included are tax returns for the years 2007, 2008 and 2009. Also included is an income statement and balance sheet for year 2010 ytd. (See attachment F) tax returns have been completed by Mc Donald and Associates, CPA and all accounting is based on GAAP. McDonald and Associates are located in Grand Rapids Michigan at: Mc Donald and Associates 2156 Plainfield AveNE Grand Rapids MI 49505-4204 Phone

- 616-447-8639

# 2. Relevant statements a). There are no current liens orencumbrances against the applicant. b). There are no major commitments made by the applicant in the past 6 months and no plans to do so in the next 6 months related to financing, issuance ofbonds or stock. We do have a contract with SprintlNextel to distribute theirprepaid product offering prepaid cellular services for the calendar year 2011 through April of2012. c). The applicanthas not sold orexchanged any major assets in the last 6 months and has no plans to do so inthe next 6 months. d). There are no past due liabilities owed by the applicant. e). There are no contingent liabilities that will impairthe corporations ability to meet its obligations. t). There have been no events significant to the applicants financial positionthat would impact operations since the end ofNovember. Ourfinancial positionhas not substantially changed in any way since the submission ofour mostrecent financial documents. 3. Service proposal Revenue projections a). The proposal is for public charters serving the following markets; Grand Rapids, Detroit, Cleveland, Columbus and Indianapolis. In addition to business travel to and from these markets, we will also be serving the tourist market to and from destinations such as Mackinaw Island, Beaver Island and othervacation destinations in the Michigan market. Attachment G 

# contains a breakdown ofprojectedrevenue and expense. b). The applicant has a single aircraft, a Cirrus SR22 Turbo which seats 4 and has a useful load of926 lbs. c). Total number ofpassengers will be 3. With useful load of926lbs,passenger weight will have to be accommodated with fuel adjustments that will keep plane within useful load limits. Fuel burn is approximately 17 gallhr. With cruising speeds that often exceed 200 knots, with ourchosenmarkets ofopportunity; we will be able to accommodate most charter flights, regardless ofpassenger weight, without a refueling stop. d). See attachment G for fare charges and gross revenues. e). See attachment G for projected number ofrevenue block hours and total time with seasonal peaks.

# Expense projections Since this program is currently 100% supported by the profit ofour wholesale distribution ofprepaid cellularproducts, the following projections are an estimate ofthe time commitment ofexisting personnel to run the program. It 

# should be noted that because ofthe uniqueness ofthis situation there is minimal financial risk to operate this service. a). Aircraft expense is detailed in attachment G. b). Indirect expenses are a calculation ofappropriated time by existing personnel for the operations ofthe charter services and is represented in attachment G. c). A Cessna 340Ahas been purchased with the intent ofadding this aircraft to our charter services. We are not asking for certification onthe 340A at this time. 4. Since flight services are already being conducted by the flight department ofthe applicant and there is no lien onthe aircraft, in addition, since this department is being fully funded out ofprofits from the wholesale business ofMarceco Ltd, no additional capital is needed. 5. No additional capital will be needed at this time. 6. There are no outstandingjudgments against the applicant. Compliance Disposition 1. There are no current pending enforcement actions or formal complaints registered against the applicant or its key personnel. 2. Ourkey personnel are not involved with any otherair carrier or aviation related company. 3. There are no civil or criminal charges brought within the last 10 years against the applicant or its principals related to fraud, felonies, antitrust violations or unfair, anticompetitive ordeceptive business practices. 4. There are no aviationrelated accidents or incidents in the previous 12 months that involved the applicant or it key personnel. Certification Pursuant to Title 18 United States Code Section 1001, I David Den Herder, in my individual capacity and as the authorized representative ofthe applicant, have not in any mannerknowingly and willfully falsified, concealed or failed to disclose any material

# fact ormade any false, fictitious, or fraudulent statement or knowingly used any documents which contain such statements in connection with the preparation, filing or prosecution ofthe application. Iunderstand that an individual who is found to have violated the provisions of 18 U.S.C. section 1001 shall be fined or imprisoned no more than five years, or both. Accident Plan An accident plan filed in Docket OST-96-1960 has been filed with National Transportation Safety Board. The plan was sent to: Office ofPublic Affairs National Transportation Safety Board 490 L'Enfant Plaza East, SW Washington, DC 20594 Passenger Manifest Information The applicant does not intend to operate any covered flight segment in the foreseeable future and will not operate any covered flight segment unless and until it has filed the summary required by section 243.13. A statement to that effect has been filed in Docket OST-98-3305 with the department.

# Attachment A

# CONTRACTTO SELL SHARES

THISCONTRACTto sell capital sharesofcommon stock ofMARCECO, LTD., 

# a Michigan Corporation, hereinafter referred to as the "Corporation", located at 1133 Michigan 

# NE., Grand Rapids, Michigan49503, 

# is made this 

# -L day of j

# 1}A,)f4I/~I...;_J 

# ' 2005, 

# between JAMAL AQEL, 

# whose address is 10891 

# Cheyenne Trail, Grand Rapids, Michigan 49544, hereinafter referred to as "Purchaser" and MARCECO, LTD, 

# hereinafter sometimes referred to as "Seller". Recitals 

# Seller isthe owner ofretained capital stock ofthe Corporation. Seller is desirous of selling such stock, (500 

# shares or 20%), to said Purchaser and the Purchaserwishes to purchase saidcommonstock, (500 

# shares or20%), 

# inthe Corporation. Sale and Purchase Common Shares 

# 1. Subject to the terms and conditions ofthis Agreement, theSeller agrees to sell to Purchaser, and Purchaser agrees to purchase the stock, (500 shares or 20%), and interestinthatstockSeller mayhave. Consideration 

# 2. The considerationfor the shares, (500 in 

# total), and interest of Seller shall be the formal assignment and acceptance of the Boost Master AgentAgreementto Seller and anyotherconsiderationsherein givenrepresenting good and valuableconsideration by PurchaserandreceivedbySeller. (See Exhibit_). Transferof Shares 

# 3. Upon execution of this Agreement, Seller shall transfer Five Hundred, (500 

# shares in 

# total), shares of interest in 

# the Corporation to Purchaser, which said transfer and sale shall be recorded by the Corporation in 

# its Corporate Record Book represented byanASSignment ofShares and Stock Certificates. Warranties ofthe Seller 

# 4. TheSeller warrants andrepresents:
a. The Corporation is duly organized and existing under the laws of the State of Michigan, and has all the requisite corporate powers to carry on its business as conducted and as proposed tobe conducted.

## b. The Seller has the power to enter into this Agreement and to transfer the shares contemplated by this Agreement.
c. 

## The Seller is

## duly qualified to transactbusiness and is in good standing in which the nature ofthe business transacted bythe Purchasermakes suchqualificationnecessary. d. There is no litigation, action, or proceeding pending or, to the knowledge of the Seller, threatened against the Sellerbeforeanycourtor administrativeagency.
e. All consents, approvals, and authorizations of, or registrations, declarations, or filings with, any governmental authority required in connection with the performance of this 

## Agreement, or in connectionwith any ofthe transactions incident to the sale of the shares, has been procured or performed by the Seller. If 

## said actions have not been taken, Seller will take the necessary stepsrequiredtoconsummate

# this transaction. Releases 5. 

# In consideration of the shares to be tendered to the Purchaser, Purchaser hashad an opportunity toreview thebooks and recordsregarding,financial, tax, and all pertinent matters necessary for this transaction, and is 

## satisfied with the same and hereby releasesSeller ofitsliability. Costs,Taxes and 

## Expenses 6. Each of the parties shall be 

## responsible to pay all costs, taxes or other expenses incurred in its own right as the result of 

# this Agreement and shall hold the otherharmless thereon. Miscellaneous 7.1 Notices. All notices, demands, requests and other communications required or permittedhereunder shall be 

## inwriting and shall be 

## deemed to be 

## delivered when actuallyreceived, or, ifearlier, and regardless ofwhether actuallyreceived (except where receipt is specified in 

# this Agreement), upon deposit in 

## a regularly maintained receptacle for the United States mail, registered or certified, postage fully prepaid, addressed to theaddressee atits address setforth beloworat suchother address as such party may have specified by notice delivered in 

## accordance with this Section and actuallyreceivedbythe addressee: Seller: MARCECO, 

# LTD. 1133 MichiganNE. Grand Rapids, Michigan49503



# 2

# Purchaser: JAMALAQEL 10891 CheyenneTrail Grand Rapids,Michigan49544 7.2 Survival. Except as otherwise expressly provided herein, obligations accruedto the date ofany terminationofthis Agreementshall survive the termination. 7.3 Governing Law; Venue. The laws of the State of Michigan, County of Kent shall govern thevalidity, enforcement andinterpretationofthis Agreement. 7.4 Integration; Modification; Waiver. This Agreement constitutes the complete and final expression of the agreement of the parties and supersedes all previouscontracts, agreements and understandings of the parties, either oral orwritten. This agreement supersedes all personal and individual contracts, agreements, notes, monies owed, accords, arrangements and understandings. This Agreement cannot be modified, or any of the terms hereof waived, except by an instrument in writing (referring specifically to this Agreement) enforcement of the modification or waiver is sought. 7.5 Counterpart Execution. This Agreement may be executed in several counterparts, each of which shall 

# be fully effective as an original and all of which togethershall constituteone and the sameinstrument. 7.6 Headings: Construction. The headings which have been used throughout the Agreementhave been inserted for convenience ofreference only and do notconstitute matterbeconstruedininterpretingthis Agreement. Words of any gender used in this 

# Agreement shall be held and construed to include any other gender and words inthe singular number shall 

# be held to include the plural, and vise versa, unless the context requires otherwise. The words "herein," "hereof," flhereunder" and other similar compounds of the word "here" when used in this Agreement shall refer to the entire Agreement andnotto anyparticularprovisionor section. 7.7. Invalid Provisions. If 

# anyone or more of the provlslOllS of this Agreement, or the applicability of any such provision to a specific situation, shall be held valid or unenforceable, such provision shall 

# be modified to the minimum extent necessary to make it or its application valid and enforceable, and the validity and enforceability ofall otherprovisionsofthis Agreementand all other applicationsfor any suchprovision shallnotbe affectedthereby. 7.8 Binding Effect. This Agreement shall 

# be binding upon and insure to the benefit of Seller and Purchaser and their respective successors and permitted assigns. Except as expressly provided herein, nothing 

# in this Agreementis intended to corner on any person, other than the parties hereto and their respective successors and permitted assigns, any rights orremedies under orbyreason ofthis Agreement.



# 3

## 8.0 Legal Council. Seller represents that Hogan & 

## Associates, p.c. represented the Seller solely in this transaction and Purchaser did not rely upon any representations ofsaidCounselenteringinto this Agreement. IN WITNESS WHEREOF, the parties hereto have executed this Agreement and agree to the terms and conditions as setforth as ofthe day and yearfirst above written. Dated: 

# _---'-1-1-11_-'---1_----', 2005 SELLER:

# ,M/J~**-----"~=------v---=~L--_/_y** 

# /.......
___(L.S) MARCECO, LTD Authorized Representative



# ******

PREPAREDBY; Cristopher

## A Hogan HOGAN 

### &ASSOCIATES,p.c. AttomClj 

### & Counselor 2156 PlainfieldAve" NE GrandRapids, MI 49505 (616) 361-0355 www.Hogmz@hogarz-lmu.coril


## G:\ CAH\sb \ Business\ ContractTo Sell Shares.doc


# 4

# Attachment B

## 06/ 15/2010 

## 2:07:52 PM 

## FAXCOM PAGE 3 OF 3

# ~ :jJepartmmt of

# ennmo. 

# LdIor &: 

# eamomk

# .OtDtb~ un...JIlitOOtan

This IS 

### to CerMy That 

## MARCECO. 

## LTD.

was validly incorporatedon October

### 28, 1999, as a Michigan profitcorporation, andsaidcorporation IS 

### vali dly in exhtence under the laws ofthis state. This certificate is 

### issued pursuant to the provisions of

### 1972 PA 

### 284, asamended, to attest to the fact that the corporation 

### is in go:xJstanding in Michigan 

### as 

### ofthis date andis duly authori z

ed

## to transactbusiness andfor

## no otherpurpose.
This certificate 

### is In 

### due form, made byme

### as the properofficer, andis entitledto have full faith andcredit given 

## it in every courtandoffice within the United States.

Sent by Facsi mile Transmission 1016893 In testimony wherecJf, 

### I have hereunto

## set my hand, in the City 

### ofLansing, this 15th day 

### ofJune, 2010
.

# ~------ Director


### Bureau 

### ofCommer cial Services

# Attachment C

# STATE OF 

# Michigan COUNTY OF 

# Kent AFFIDAVIT OF CITIZENSHIP



# Ruth Den Herderbeing first duly sworn, deposes and says:
1. That he/she is duly elected, qualified, and serving as Secretary ofMarceco, Ltd. and that he/she is authorized to and does make this affidavit for it.
2
. That Ruth Den Herder is a citizen ofthe United States within the meaning of49 U.S.C
. 40102(a)(15).

Subscribed and sworn to before me this 

# 'J-**(~** day of .1IiVt<. 

# ,2010.

# AFFIDAVIT OF CITIZENSHIP
STATE OF Michigan COUNTY OF Kent
Jamal Agel being first duly sworn, deposes and says:
1. Thathe/she is duly elected, qualified, and serving as Shareholder ofMarceco, Ltd. and that he/she is authorized to and does make this affidavit for it.


# 2. That Jamal Aqel is a citizen ofthe United States within the meaningof

# 49 U.S.c. 40I02(a)(l5).

,r-

# d**,<~--** 

# '\ Subscribed and sworn to before me this---",oL
__

0

__

# day of**Vv.~**



## Ronald L. VanSingel 

## Notary Public Ottawa County. MI MyComm. 

### Exp. 12-7-2011 

# ,2010.

# AFFIDAVIT OF CITIZENSHIP
STATE OF Michigan COUNTY OF Kent
Mark Den Herderbeing first duly sworn, deposes and says:
1. That he/she is duly elected, qualified, and serving as Vice-President ofMarceco, Ltd. 

# and that he/she is authorized to and does make this affidavit for it.
2. That Mark Den Herderis a citizen ofthe United States within the meaning of49 U.S.c. 

# 40102(a)(IS).

Subscribed and sworn to beforeme this ;:;- day of

# <",)UALL ,2010.

CAROL 

### L JOHNSON NOTARY PU8L1C
- MICHIGAN 

### KE,;JT CO:JNTY 

### MY COMMtSSiON EXPIt(ES 00-00-2012 

## ACTING HKENT CCUHY

# AFFIDAVIT OF CITIZENSHIP
STATE OF Michigan COUNTY OF Kent
David Den Herderbeing first duly sworn, deposes and says:
1. 

# That he/she is duly elected, qualified, and serving as President ofMarceco, Ltd. and that he/she is authorized to and does make this affidavit for it.
2. That David Den Herder is a citizenofthe United States within the meaning of49 U.S.C.40l02(a)(15).

Subscribed and sworn to before me this 

# 16Cb. day of

# ~ ,2010., 1



# Affidavit ofCitizenship

State ofMichigan CountyofKent
Joseph E Matthews being first duly sworn, deposes and says: 1. That he/she is duly elected, qualified, and serving as Pilot. ofMarceco LTD and that he/she is authorized to and does make this affidavit for it. 2. That Joseph E Matthews is a citizen ofthe United States within the meaning of49 U.S.C. 40102(a)(15).

# ~ 

# tr
. S bscnbed and sworn to before me thIS Fourteenth day ofDecember, 2010.

KYLE EITMAN Notary PubliC. State of Michigan County of Kent 

### My 

### commissioo Exp' 

### Jul. 

### 10. 2014 Actill\l in 

### the Cnunty of

# Attachment D

### JT 1334

C OPYRIGHT , I\:I!30

. eY OWIGH, & M

. H

. JII.CKSON CIUCA<.OO PATt':NT PENDING



# ' c:Jlf**::O }** 

AUTHOROZED

# CAPITAl~ ; //

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. --THOUSAND-(..l-rO-O-O-)

-------- ---

_

_ ____ _ SHARES OF THE CAPITAL STOCK Of 

## MARCECO, LTD.
.

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# 4 OCTOBER 

# d.!lJ..1.9.9.L**:.:' o~)** **w I\Nf)(1!n"** **", ,~** 

### © DWIGHT 8: M. H. JACKSON CORPORATION SUPPLY CO.

20!l W. RANDOLPH ST

.

. _______________________________________**C_I!I_CA_GO,_I_L_LINClI_S_6~606** __ _



# C£/ljk

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.. ( RESERVE THIS SPACE TO PASTE BACK CANCELLED STOCK CERTIFICATE)



### -----..**-~-------------_r--__:_=_:_::_:::___=_=_::__-------------** IF NOT AN ORIGINAL ISSUI:' SHOW DETAILS OF TRANSFER BELOW
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# @ali~ - /**.-~--~-** ..**---~~-.----.-** 

## ------**---------~---.-~~** 

### -...**-.--~---~~** - .._- -- --- .--- - ---- --.

# __.- 

## DEN HERDER**----------~-- ~-~~-**  

## --**--~--** 

## ._--**----~------.** -----.------ ----------,-

# (!Jij(~d~ MARK**-~-~---------~---~.-** 

### -**----~----------~----------** 

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## --**-~**

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# ~

# ___._______ _____ __..__ _ ___. _____"
. __________J
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II" THIS CERTIFICATE IS SURRENDERED FOR**TRA~~SHOW** DETAILS**--~~~-.---"** 

## .Ao.of 

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# Cerltfuuie Gfrtl7lsftrred**~- ~---**  ..

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# /~~4//kj~~--- JAMAL AQEL 4 250**---~** 

## ----,._-



# ------**-~** 

### -**~~---~-- -~~----** **--~-** ..

## --- --- - -**--~----** ..-.

# (~j"r(;'4u~)Jr;d:£IidI~4"~/.------**CO ~I** **GIIT ,**  l -,;JO , BY OWIGHT &:: tA, H, JACKSON C H ICAGO t-'Al i!: NT P I:.NQIHG JT 1334

CORPORATEO UNDER THE LAWS OF THE STATE OF



### AUTHORIZED CAPITAL 

# 60,000

- '
.**'~HARES** 

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205 W. RANDOLPH ST. CHICAGO, ILLINOIS 60606 

# ---_ .•.

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COPYRIGHT. 1930, BY DWIGHT 

### a. M, H, JACI(SON CHICAGO t'AT1:!:tH PP.:NOING

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### JT 1334**CO ~I** **OH' .**  1930
. BV DWIGHT 8< M. H

. JACKSON C HICAGO P

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### AUTHORIZED CAPITAL 

# 60,000 SHARES 

# $1.00 PAR VALUE 

# Gfhis((giifics1iint DAVID DEN HERDER

# ~~fltl/Wi;~

____________ ______**~~d~nm~~~** FIVE-HUNDRED (501)) SHARES Of TH E CAPITAL STOCK OF 

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# AttachmentE

# ..
Joseph Edwcjt-d Mqtthews

Obiective ProFession'll pilot - 

## Aircrq!t Mqn'lger 

# QuqliHcqtions 120 Loomis St Clinton, Mi 49236 cell (734)-330-1330 

## Joe_Tenor_M'lster@yqhoo.com

Multi-Engine 'Inc! Single-Engine lqnc! Commerciql 

## CertiHcqte Flight Instructor Single 'lnc! Multi-EngineAirpl'lne 

## with Instrument CertiHcqte B'lchelors 

# of Science in Avi'ltion Flight Ac!vqncec! Grounc! Instructor 

## CertiHc'lte First Cl'lsS Mec!icql 

# Educqtion B'lchelors in Aviqtion Flight Science 2003-2007 Western Michigqn Vniversity - P'lrt 141 J<.ql'lm'lzoo/ Bqttle Creek, Mi 

## GPA

- 3.1 

# Relevqnt Experience M'lrceco LTD - 

## Gr'lnc! R'lpic!s Michig'ln Comp'lny Pilot/Flight Instructor October2009 - Present Job Description: pilot 'lirplqne 

## For comp'lny members 'lnc! give 

## Aight instruction to member oFthe compqny. M'lnqge 'lll qspects 

## oFq Cirrus SR22 

## Turbo. 

# Flight Experience Tot'll Time in AirCfq!t: 1950 Hours Multi-Engine: 30 Hours High 

## PerForm'lnce Single: 450 Hours Pilot-In-Commqnd: 1900 Hours Duel Instruction Given: 1250 Hours 

# ather Experience
certiAed Flight Instructor 

## P'lrt 61 Eqgle Flight Center
- willow Run Airport Ypsilqnti, 

## Mi October2007 to October2009

# ..

Objective: David Den Herder 600 Monroe Ave NW Grand Rapids MI 49503 Cell: 616-334-4666 Work: 616-458-3888 email: davidd@marcecoltd.com

To secure an upper level managementposition with a growing company Qualifications: Extensive experience in building a company from the ground up. Started Marceco Ltd in 1995 as a sole proprietorship. Marceco Ltd, a sub chapter S corporation, was formed in the year 2000 and the 2 entities have experienced 16 consecutive years ofgrowth starting from a kitchen table operationto the company it is today with over 70 employees and annual sales of80 million. Education: BA

- Sociology; Dordt College, Sioux Center Iowa, GPA 3.50 MSW

- Western Michigan University, Kalamazoo MI, GPA 3.90 Work Experience 20 years ofexperience with 5 different agencies in the Grand Rapids area as a clinical social worker. Thejobsranged from direct care with emotionallyimpaired and socially deprived adolescents, crisis assessment and referral, working with the chronically mentally 

# ill and working 

# inthe QA department ofKent County Community Mental Health. The QA position involved IT skills as well as extensive data analysis, skills that were critical in the launch and success ofMarceco Ltd. 16 years as the president ofMarceco Ltd, building the company from a startup to its current annual sales of80 million. Strengths: Good leadership skills, problem solving, resourceful, high tolerance for risk, high energy, determined and committed to succeeding. References: References will be furnished upon request.

# Attachment FForm 

# 1120S Department ofthe Treasury Internal Revenue Service 

# U.S. Income Tax Return for an S Corporation**~** Do notfile this form unless the corporation has filed or is attaching Fonn 2553 to electto be an S corporation.**~** See separate instructions. For calendaryear 2009 ortaxyear beginning 2009 ending A S election effective date Name



## 09-01-1999 Use 

## MARCECO LTD B Business activity code IRS Nurrber.**stree~** and room orS!ite no. Ifa P.O. box. see instructions. label. number (see instructions) Other- 

## 3542 ROGER B 

## CHAFFEE SE 454210 wise, City or town, state, and ZIP code print or C Check if Sch. M-3 

### type.

- attached 

## GRAND RAPIDS MI 49548 OMB No. 1545-0130 

# 2009
20 

# o**~ideoilifit:alitMl**

### oumer 

## 38-3488505 E Date incorporated 

## 09-01-1999 F Total assets (see instructions) 

### $ 

## 2 638 423 G Is the corporation electing to 

### be an S corporation beglnntng with thiS tax year? Yes 

# X No 

### " " If Yes, attach Form 2553 If not already filed H Check if: (1) Final retum (2)**~~'** Name change (3), Address change (4) ",Amended retum (5)' ,S election termination or revocation Enterthe numberofshareholderswho were shareholders during any part ofthe tax year**.~** 

## 4 Caution. Include onlytrade or business income and expenses on lines 1 a through 21 See the instructions for more information 1 a Gross receipts orsales I 

## 56 457 432 I b Less returns and aDowances I 

## 1 980 Ic

### Bal~ 1c 

## 56 455 452 2 Cost ofgoods sold (Schedule A, line 8) 

## ...................... .. .. 

### .. .. .. .. .. .. 

# . 

# . · 

# . 2 

## 53 057 510 Income 3 Gross profit. Subtract line 2 from line 1 c 

## .............................. .. 

## ...... 

# . . 3 

## 3 397 942 4 Net gain (loss) from Form 4797, Part II, line 17 (attach Form 4797) 

# ·. 

# · ........ 4 5 Other income (loss) (see instructions - attach statement) 

# ... · · 

# . · . 5 6 Total income (loss). Add lines 3 through 5 

## .............. 

# . 

# .. · 

# .**.~** 6 

## 3 397 942

Deduc· ions (seeinstructi 

### I ons forimitaions)

Tax

nd 

### a Pay· 

### ments 7 8 9 10 11 12 13 14 15 16 

### 17 18 19 20 21 22a

b c 23a

b c d 24 25 26 27 Compensation ofofficers 

## .......................... .. .. .. .. 

### .. 

## .......... Salaries and wages (less employment credits) ••• 

# . .......... Repairs and maintenance • • • • 

# · . .. .. .. .. .. 

## .......... Bad debts 

### ........ 

# . . 

# . · 

# . · .. 

## ............ Rents 

## ............ 

# .. · · . .. 

## ............ Taxes and licenses 

# . . .. .. 

### .. .. .. 

### .. .. 

# · . .. .. .. .. 

# · . · 

# . · . •**A~T.** lD'J:L.


# - Interest 

### .. 

## .. .. 

## .. .. 

# . 

# . .. 

## .. .. .. .. 

### .. .. 

# · . .. 

### .. .. .. 

# · . · 

# . · . ....... Depreciation not claimed on Schedule A orelsewhere on retum (attach Form 4562) 

# · .. 

# · Depletion (Do not deduct oil and 

### gas depletion) 

# . . . · . · . · 

# . · .. . Advertising 

## ........................ 

# · . · 

# . · 

# · . . Pension, profit-sharing, etc., plans 

# · · . · . · .. Employee benefit programs 

### .. .. .. .. 

# · . . . 

# · .. · 

# · . · 

# . ........ 

# · Other deductions (attach statement) 

# · . .. 

## .. .. .. 

### .. .. 

# · . · . • ST.ArfiMENT

### # :2 Total deductions. Add lines 7 through 19 

### .. 

### .. .. 

### .. 

# · . · . ........ .. .. .. 

### ..**.~** Ordinary business income (loss). Subtract line 20 from line 6 

# .. · · .. ........ 

# · . Excess net passive income or LIFO recapture tax (see instructions) 

# . 22a Tax from Schedule D (Form 1120S) 

## .................................. 22b Add lines 22a and 22b (see instructions for additional taxes) 

## .......... 

# · 

# · .. .. 

## .................. 2009 estimated tax payments and 2008 overpayment credited to 2009 

# · 23a Tax deposited with Form 7004 

### .. .. .. .. 

### .. .. .. .. 

### .. .. .. 

# · . · 23b Credit for federal tax paid on fuels (attach Form 4136) 

## .................. 23c Add lines 23a through 23c 

## ........................................... 

# .· .. .. 

## .................. ,-- Estimated tax penalty (see instructions). Check if Form 2220 is attached 

## ............ 

# · .. ..**~ ~.**  Amount

### owed. Ifline 23d is smallerthan the total oflines 22c and 24, enter amount owed 

## ........ 

# · . Overpayment. Ifline 23d is larger than the total oflines 22c and 24, enter amount overpaid •••••• Enteramountfrom line 26 Credited

### to 2010 estimated

### tax**~** 

# IRefunded

### ~ 7 

## 27,692 8 

## 707 539 9 

## 5 279 10 

## 19 842 11 

## 70 486 12 

## 53 755 13 

## 8 364 14 

## 303,352 15 16 

## 98 224 17 18**49~051** 19 

## 1,483 334 20 

## 2 826,918 21 

## 571 024 

# /;',
22c " ".

# t~?F 23d 24 25 26 27 Under penaltiesofperill)', I declarethat I have exarrined !tis re!JJn, including**~** schedtks and statements, and to the best ofmy knov.fedge and belief, it is true, correct, and 

### COfTlJIete. Declaration ofpreparer(otherthantaxpayer) is based on aD information of1M1ich preparerhas any knoY,jedge. 

## Sign Maythe IRS discuss this return 

## Here

## ~

## 104-01-201~ 

## PRESIDENT v.<th the preparer shown bel<> 

# F Signature of

# officer Date 

# FTrt'e**~** -- (see instructions)? 

## X Yes No Preparer's

## ~ 

# IDate )

# I Check ifself- Preparer's SSN or PTIN 

## Paid signature 

## 04-01-2010 employed**~.** 

## P00531251 Preparer's Firm's name (or

# ~ MCDONALD AND ASSOCIATES PC EIN 

## 38-2529205 Use Only yours if self-employed), 

## 2156 PLAINFIELD AVE NE address. and ZIP code 

## GRAND RAPIDS MI 49505 Phone no. 

## (616)447-8639 For Privacy Act and Paperwork Reduction Act Notice, see separate instructions. EEA Form 11205 (2009)Form 1120S (2009) 

## MARCECO LTD 38-3488505 Page 2 

# I*' .L 

## ' leA 

# 1 Cost ofGoods Sold (see instructions)



### 1 Inventory at beginning ofyear 

### 1 

## 546 915 2 Purchases 2 

## 52 321 981 3 Cost of labor 3 4 Additional section 263A costs (attach statement) 

# . 4 5 Other costs (attach statement)

### ~~A:r~~E!'IT 

## If**~** 5 

## 143 200 6 Total. Add lines 1 through 5 

# . 6 

## 53 012 096 7 Inventory at end ofyear 

### 7 

## (45 414) 8 Cost of goods sold. Subtract line 7 from line 6
. Enter here and on page 1 , line 2 

### 8 

## 53 057 510

- 9 a Check all methods used for valUing clOSing Inventory: (I) 

### X Cost as descnbed In Regulations section 1.471·3 (ii) Lower of cost or market as described in Regulations section 1.471-4 (iii) Other (Specify method used and attach explanation

.) • b Check ifthere was a writedown of subnormal goods as described in**R~eg-U-:-la-ti-:- 0-n-s-s-ec-ti::-** **0-n-:-1 -:-4=-7-:-1--::2::-(C::-)----------------::-** **~** 

# • e Check ifthe LIFO inventory method was adopted this tax year for any goods (ifchecked, attach Form 970) d Ifthe LIFO inventory method was used for this tax year, enter percentage (or amounts) ofclosing

inventory computed under LIFO • . • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • e If property is produced oracquired for resale, do the rules ofsection 263A apply to the corporation?

Was there any change in determining quantities, cost, orvaluations between opening and closing inventory? If "Yes," attach explanation.

### L~**hedule** 

## B 

# J Other Information**~~~e** instructions) 1 Check a=unting method: a _ Cash bXAccrual e



### - .- - Other (specify) 

# • 2 See the instructions and enter the: 

## -- 

# •

1 

### 9d 1 Yes 

### X No

-. Yes No Yes No

a Business activity 

## • SALES b Product or service 

# • LONG DISTANCE 3 At the end ofthe tax year, did the corporation own, directly or indirectly, 50% or more ofthe voting stock of a domestic corporation? (For rules ofattIibution , see section 267(c).) If "Yes," attach a statement showing: (a) name and employer identification number (EIN), (b) percentage owned, and (e) if 100% owned ,was a QSub election made? 

## ............ 

# . . .. 

### .. .. .. 

## X 4 Has this corporation filed, or is it required to file, a retum under section 6111 to provide information on any reportable transaction? 

# ... 

# . . .. 

## ...................................... .. 

## .................................................. 

# . .. ,,-1L

-**~** 5 Check this box ifthe corporation issued publicly offered debt instruments with original issue discount 

### .. .. .. 

### .. .. .. 

### .. 

# .

# •

- - If checked , the corporation may have to file Fonn8281, Information Retum for Publicly Offered Original Issue Discount Instruments, 

### 6 Ifthe corporation: (a) was a C corporation before it elected to be an S corporation orthe corporation acquired an asset with a basis determined by reference to its basis (or the basis ofany other property) in the hands ofa C corporation and (b) has net unrealized built-in gain (defined in section 1374(d)(1)) in excess ofthe net recognized built-in gain from prior years, enter the net unrealized built-in gain reduced by net recognized built-in gain from prior years· •••••• 

# . . ..................• $ 

### 7 Enter the accumulated eamings and profits ofthe corporation at the end ofthe tax year. $ 8 Are the corporation's total receipts (see instructions) for the tax year and its total assets at the end ofthe tax year less than $250,000? If"Yes," the corporation is not required to complete Schedules Land M-1 

## .................... 

# . . . .. .. .. .. .. 

## X**~ct1e e**  

## K 

# I Shareholders' Pro Rata Share Items Total amount

1 Ordinary business income (loss) (page 1 , line 21) 

# ... .. 

## ........ 1 

## 571, 024 2 Net rental real estate income (loss) (attach Form 8825) 

# · . . 

# . . 2 I 3a Other gross rental income (loss) 

# · 1 3a 

# 1 r-'--"



## .................... 

# I n b Expenses from other rental activities (attach statement) 

## ·1 3b 

## 1 e Other net rental income (loss)

. Subtract line 3b from line 3a 3e e 0 m 

### 4 Interest income 

## ................ 4 

## 718 e 5 Dividends: a Ordinary dividends 

# . 5a (L b Qualified dividends 

# · 1 5b 

# I 

# U. I 0 

### 6 Royalties· • 

### .............. 

# . s 

### 7 Net short-term capital gain (loss) (attach Schedule D (Form 1120S» 

# · . s) 8a Net long-term capital gain (loss) (attach Schedule D (Form 1120S» 

# · 

# . .. b Collectibles (28%) gain (loss)

.......... A

.......... 

# · 1 8b 

# 1 

# ' --I
e Unrecaptured section 1250 gain (attach statement) 

## · 1 8e 

## 1 

# i 9 Net section 1231 gain (loss) (attach Form 4797) 

# .. · . . 

# . .. 

# .............. 

# . . 9 10 Other income (loss) (see instructions) • . .**Type~** 10 EEA Form 11205 (2009)Form 1120S (2009) 

## MARCECO LTD 38-3488502 Page 3 Shareholders' Pro Rata Share Items (continued) Total amount 11 Section 179 deduction (attach Form 4562) 11 

## 243,500 12a Contributions 12a Oedudions b Investment interest expense 

# . 12b c Section 59(e)(2) expenditures**(1)Type~** (2)Amount**~** 12<:(2) d Other deductions (see instructions) •**Type~** 12d 13a Low·income housing credit (section 42U)(5)) 

# . 13a

b Low-income housing credit (other) 13b c Qualified rehabilitation expenditures (rental real estate) (attach Form 3468) 

# . 13c Credits d Other rental real estate credits (see instructions) • Type**~** 13d e Other rental credits (see instructions) • Type**~** 13e f Alcohol and cellulosic biofuel fuels credit (attach Form 6478) 

### 13t 9 Othercredits (see instructions) 

# · • Type**~** 139 143 Name ofcountry or U.S

. possession**~** 

## I

b Gross income from all sources 

# . 14b

# j
c Gross income sourced at shareholder level 14c


# -

_ . Foreign gross income sourced at corporate level ! d Passive category 14d e General category 

# . 14e 

### f Other (attach statement) 

### 14t Deductions allocated and apportioned at shareholder level I Foreign 9 Interest expense 

# · 

# i149 Trans- h Other· 

# · actions Deductions allocated and apportioned at corporate level to foreign source income 

# I 

# :!J i Passive category 

# . 

# . . I General category 

### k Other (attach statement) 

# · . Other information !



## --- -- I Total foreign taxes (check one):**~** Paid Accrued 141



### - - m Reduction in taxes available for credit (attach statement) 14m Otherforeign tax information (attach statement) 1----. '---' n 15a Post-1986 depreciation adjustment 

# · · 15a 

### (1 

## 883)

b Adjusted gain or loss 15b c Depletion (other than oil and gas) 

# . 1Sc ax(AMT) d Oil, gas, and geothermal properties-gross income 15d e Oil, gas, and geothermal properties-deductions 15e f Other AMT items (attach statement) 1St 1Sa Tax-exempt interest income 

# . · · 1Sa

b Othertax-exempt income 

# . 1Sb c Nondeductible expenses 

# . 1Sc 

## 9 

## 228 d Property distributions 1Sd e Repayment of loans from shareholders 

# . 1Se 17a Investment income 

# · 17a 

## 718

b Investment expenses 17b c Dividend distributions paid from accumulated eamings and profi1s 

# . 17c d Other items and amounts (attach statement) STATEMENT

### # 18 

### i--- ,..-'- - "'- 

### ! 18 Incomenoss reconciliation

. Combine the amounts on lines 1 through 10 in the far right column. From the result, subtract the sum ofthe amounts on lines 11 through 12d and 141 18 

## 328 242 EEA Form 11205 (2009)Fonn 1120S (2009) 

## MARCECO LTD 38-3488505 Page 4 

# ISchedule L 

# I Balance Sheets per Books Beginning oftax year End oftax year Assets (a) (b) (c) 1 Cash 

# . . . ........................ 

## 1 66 000 2a Trade notes and accounts receivable 

## 529 917 1, 

## 142 755

b Less allowance for bad debts 

# · ( ) 

## 529 917 ( )



## ---, 

# - _ .. 3 Inventories 

## .......................... 

# ! 546,915 i 4 U.S. government obligations 

### ........ i**~** I 

### 5 Tax-exempt securities (see instructions) 

# · , 

# I 

# I , 6 Other current assets (attach statement) FATEMENT. 

### 19 

## 6,145 7 Loans to shareholders 

### .............. 8 Mortgage and real estate loans 

### ........ 9 Other investments (attach statement) 

## ! 

# , L... 10 a Buildings and other depreciable assets 

## 461 218 1 309 237

b Less accumulated depreciation 

# .. ( 

## 195 049) 266 169 ( 

## 290 281) 11 a

b 12 3a 

### 4 5 6 7 

### 8 9 2 2 2 23 24

0 1 2

25 

### 26 b Depletable assets 

### .......... Less accumulated depletion

. • 

# · Land (net ofany amortization) Intangible assets (amortizable only) Less accumulated amortization 

# .. Other assets (attach statement) ••• Total assets· •••••••••••• 

# ..

Liabilities and Shareholders' Equity Accounts payable 

### ...................... Mortgages, notes, bonds payable in less than 1year Other current liabilities (attach statement) 

# · Loans from shareholders 

### ................ Mortgages, notes, bonds payable in 1 year or more 

# · Other liabilities (attach statement) Capital stock 

# . . ................

.. AddItional paId-In capItal •••••••••• Retained earnings ••••••••••••• Adjustments to shareholders' equity (attach statement) Less cost oftreasury stock ••••••••• ( )
( ) !STATEMENT.21 

## 94,448 1 609 594

, 

## 693 920 i 

## 421 608 fT ATEMENT

### #I

### 22 

## 16 608 11 076


# , 78 331 

# I 388 051 i 27 Total liabilities and shareholders' equity • • • 

# I 1 609 594 (
(
'.



## tSchedule M-1 1 

## Reconciliation of Income (Loss) per Books With Income (Loss) per Return )
)



### , 

## , ,

Note: Schedule M-3 required instead ofSchedule M-1 

### iftotal assets are $10 million or more-see Instructions 1 Net income (loss) per books 

### .................. 

## 775 146 5 Income recorded on books this year not 2 Income included on Schedule K, lines 1, 2, 3c, 4, included on Schedule K, lines 1through 5a, 6, 7, 8a, 9, and 10, not recorded on books 10 (itemize): this year (itemize): a Tax-exemptinterest $ STATEMENT 

### # 27 

## 3,456 3 Expenses recorded on books this year not 

### 6 Deductions included on Schedule K, included on Schedule K, lines 1 through 12 and lines 1through 12 and 141, not charged 141 (itemize): against book income this year (itemize): a Depreciation $ a Depreciation $ 

## 452[676 b Travel and entertainment $ 

## 9[228 7 Add lines 5 and 6 

### .. .. 

### .. .. 

### .. .. 

# . . . .......... 

## 9 228 8 Income (loss) (Schedule K, line 18). 

### 4 Add lines 1through 3 

# . . .. .. .. .. .. .. .. 

### .. 

## 784 374 Line 4 less line 

### 7 

## ............................ 

# ,------- ·- i:2l na IS 0 ccumua 

### JUS ccou r us ccou an are 0 ers 

## :Schedule M-2 Undistributed Taxable Income Previously Taxed (see instructions) 

### A Iys 

### fA I ted Ad 

### tments A nt, Othe Adj 

### tments A nt, 

### d Sh 

### h Id (d) 

## 425 678 1 142 755 (45 414)
2 000

1 018,956

94 448 2 638 423 1 297 367 384 331

23 716

9 824 78,331 844,854
2 638,423

3,456

452 1 

## 676 456 132 328,242
(a) Accumulated (b) Other adjustments (e) Shareholders' undistributed adjustments account account taxable income previously taxed 1 Balance at beginning oftax year 

## .............. 

## 43 812

..

# _-------- _ . 2 Ordinary income from page 1, line 21 

# ......... 571, 024 

# I 3 Other additions 

## ........ • STATEMENT # 29. 

## 718 4 Loss from page 1 . line 21 

### .. .. .. .. .. 

### .. .. .. .. ..**~** ( ) 

### 5 Other reductions ••••• STATE:MENT# :l0. ( 

## 252,728)( ) 

### 6 Combine lines 1through 5 

## .................. 

## 362,826 7 Distributions other than dividend distributions 

## 318 216 8 Balance atend oftax year. Subtract line 7 from line 6 

## 44,610 EEA Form 11205 (2009)

## Schedule K-1 

# 2009 (Form 11205) For calendar year 2009, ortax Department ofthe Treasury year beginning ,2009 Intemal Revenue Service ending ,20



# - Shareholder's Share of Income, Deductions, Credits, etc.**~** Seepage2**~**formand ,..,.,...- insIructions.



# IPartI 

# J Information Aboutthe Corporation A Corporation's employer identification nurrber



# 38-3488505 B Corporation's name, address, city, state, and ZIP code



# MARCECO LTD 3542 ROGER B CHAFFEE SE GRAND RAPIDS MI 49548
C IRS Center""""e corporation ffled return



# CINCINNATI 

# IPart.

# I Information Aboutthe Shareholder D Shareho!del's identifying number
E Shareholder's name, address, city, stale, and ZIP code



# DAVE DENHERDER 600 BROADWAY NW 

# APT 332B GRAND RAPIDS MI 49504

F Shareho!del'spercentage ofstock ownershipfortaxyear 

# 20.00000

F 0 

### r 

### I R S U 

### s e 

### 0 n 

### I 

### Y

ForPaperwaI<ReOOc:Iion I'dNotice. see 1nsfrudionsforFoon 1120&. 

### EEA 

### % 

# 671109 Final K 1 

### - Amended K 1 

### - OMB No 1545-0130 

## h>aitlD 

# I Shareholder's Share ofCurrentYear Income, Deductions, Credits, and Other Items 1 Ordinary business income Ooss) 13 Credits 

# 114 205 2 Net rental real estate income Ooss) 

# I 3 Other net rental income Ooss)

4 rInterest income 

### ! 

# 144 Sa Ordinary dividends
5b Qualified dividends 14 Foreign transactions
6 Royalties
7 Net short-lenn capital gain (loss)


## sa Net long-tenn capital gain (loss)
8b Collectibles (28%) gain (loss) 

## I &: Unrecaptured section 1250 gain
9 Nel section 1231 gain (Joss)
10 Other income Ooss) 15 I\llemative minimum tax (AMT) Items 

# A (377)

11 Section 179 deduction 16**~ems** affecting shareholder basis
I 

# 48.700 C 1,846 12 Other deductions

17 Other information 

# A 144 K 

# 835

* 

### See attached statement for additional information. Sche<kR K-1 (Form 11205)2009

## Schedule K-1 

# 2009 (Form 11205) For calendar year 2009, ortax Department ofthe Treasury year beginning ,2009 Internal Revenue Service ending ,20



### - 

# Shareholder's Share of Income, Deductions, Credits, etc.

.. Seepage2 d form a'Id sepEr.IlIeinsN:ions.



# IParH! Information About the Corporation A C01pO!'8tion's employeridentification nurrber



## 38-3488505 B Corporation's name, address, city, state, and ZIP code



## MARCECO LTD 3542 ROGER B 

## CHAFFEE SE GRAND RAPIDS MI 49548
C IRS Center'Mlere corporation tiled return



## CINCINNATI 

# I Pan

# I 

# I Information About the Shareholder 0 Shareholder's identifying nurroer
E Shareholder's name, address, city, state, and ZIP code



## MARK DENHERDER 736 FULTON ST NE APT 1 GRAND RAPIDS MI 49503

F Shareholder's percentage of stock O'M'lershipfortaxyear 

## 30.00000

F 0 

### r I 

### R S U s e 

### 0 n 

### I 

### Y

FOf' Paperwotlc RedudionIv:1. NoIice, seeIn!*£IionsforForm 1120& 

### EEA 

### % 

# 671109 Final K·1 Amended K·1 OMB No 1545-0130 

# I PartHI 

# I Shareholder's Share ofCurrentYear Income, Deductions, Credits, and Other Items 1 Ordinary business income Ooss) 13 Credits 

## 171 307 2 

# I Net rental real estate income (loss)
3 Othernet rental income Ooss)
4 Interest income 

## 215 5a Ordinarydividends
5b QuaJifIed dividends 14 Foreign transactions 

# , 6 Royalties
7 Net short·term capital gain Qoss)
8a Net long-term capital gain Qoss)
8b Collectibles (28%) gain (loss)
8c Unrecaptured section 1250 gain
9 Netsection 1231 gain (loss)
10 Otherincome (loss) 15 Alternative minimum tax (AMT) items 

### A 

## (565)

11 Section 179 deduction 16 Items affecting shareholder basis 

## 73 050 C 2,768 12 Other deductions

17 Other information 

### A 

## 215 K 1,253

• See attached statementfor additional infonnation, Sche<Me K-1 (Form 1120S)2009

## Schedule K-1 

# 2009 (Form 11205) For calendar year 2009, ortax Department afthe TreaStJ)' year beginning ,2009 Internal Revenue Se!Vice ending ,20



## - 

# Shareholder's Share of Income, Deductions, Credits, etc.

.. Seepage2 atbmand sep!II3Ie irSucIiIlns,



# !Pattl"j Information About the Corporation A Coq>oration's employeridentification nun1ler



## 38-3488505 B Corporation's name, address, city, state, and ZIP code



# MARCECO LTD 3542 

# ROGER B 

# CHAFFEE SE GRAND RAPIDS MI 49548
C IRS Centerv.tlere corporation filed return



# CINCINNATI 

# IPartil Information About the Shareholder 0 Shareholder's identifying number
E**Shareholde~s** name, address, city, state, and ZIP code



# RUTH DENHERDER 740 

# S FEDERAL ST APT 908 

# CHICAGO IL 60605

F Shareholdel's percentage afstock O'M1ershipfortax year 

## 30.00000

F 0 

### r I R S 

### U s e 

### 0 n 

### I 

### Y

ForPape!wIlrt< Redo:donAdNoIice. seehslndonsforForm 1120S. 

### EEA % 

# 671109 Final K 1 - AmendedK 1 

## - OMS No 1545-0130 

# !Partlrl Shareholder's Share of

### Current Year Income, Deductions, Credits, and Other Items 1 

# I Ordinary business income Ooss) 13 Credits 

# ! 171, 307 2 

# I Net rental real estate income Ooss) I 3 Other net rental income Ooss)
4 Interest income 

## 215 Sa Ordinary dividends
5b Qualified dividends 14 Foreign transactions
6 Royalties
7 Net short-term capital gain Ooss)
Sa Net long-term capital gain (loss)
lib CoDectibies (28%) gain (loss)
&: Unrecaptured section 1250 gain
9 Net section 1231 gain (loss)
10 Other income Ooss) 15 Memative minimumtax (AMT) items 

# A (565)

11 Section 179 deduction 16 Items affecting shareholder basis 

## 73 050 

# C 2,768 12 Other deductions

17 Other information 

# A 215 K 

## 1,253

• See attached statement for additional information. Sdle<klIe 1(.1 (Form 11208)2009

## Schedule K-1 

# 2009 (Form 11205) For calendar year 2009. ortax Department of the Treasury year beginning .2009 Internal Revenue Service ending .20



### - 

# Shareholder's Share of Income, Deductions, Credits, etc.**~** Seepage2 affmn:nIsepar;IIeinsIrucIims.



# learrri Information About the Corporation A Corporation's erllJ/Oyer identitication nun1ler



## 38-3488505 B Corporation's name, address, city. state, and ZIP code



## MARCECO LTD 3542 ROGER B 

## CHAFFEE SE GRAND RAPIDS MI 49548
C IRS CenterW1er"e corporatioo tiled return



## CINCINNATI 

# IPartil Information About the Shareholder 0 Shareholder's identifyingnurrber
E Shareholder's name, address, city. state, and ZIP code



## JAMAL 

## AQEL 10891 CHEYENNE TRAIL GRAND RAPIDS MI 49544

F Shareholder's percentage ofstock O'M1ership fortax year 

## 20.00000

F 0 

### r I R 

### S 

### U 

### s e 

### 0 n I 

### Y

ForPapenooI<ReWcIionM NaIice, seeflsIru::IionsfurFcnn 11208. 

### EEA % 

# 671109 Final K-1 Amended K-1 OMS No 1545-0130 

# I

# Part. I Shareholder's Share 

### ofCurrentYear Income, Deductions, Credits, and Other Items 1 Ordinary business income Ooss) 13 Credits 

## 114 205 2 Net rental real estate income (loss)
3 Othernet rental income (loss)
4 Interestincome 

## 144 Sa Ordinary dividends
51> Qualffied dividends 14 Foreign transactions
6 Royalties
7 Netshort-term capital gain Ooss)
Sa Net long-term capital gain (/oss)
8b Collectibles (28%) gain (/oss)
Be Unrecaptured section 1250 gain
9 Net section 1231 gain (/oss)
10 Other income (loss) 15**~;~~ative** minimum tax (AMT) 

## A 

## (376)

11 Section 179 deduction 16 /tems affecting shareholder basis 

## 48 700 C 1,846 12 Other deductions

17 Otherinformation 

## A 

## 144 K 

## 836

* 

### See attached statementfor additional information. Schedule K-1 (F0fTI11120S) 2009S CORPORAllONIPARTNERSHPNAME 

## MARCECO LTD Description
Casualty or

### theft


## AUTO TOTALS

NET GAIN(LOSS) Date Acquired

Date Sold


## 08-15-2005 08-15-2009 Section 179 Disposition Statement (Keep for your records)

Cost or basis plus Gross sales price improvements and expense ofsale


## 4,177 1,400 4,177 1,400
4,177 

# 2009
BN 

## 38-3488505 Depreciation

allowed or allowable
AMT 

### Depreciation


## 1,400 1,400 Amount ofsection 179 expense

deduction Tax year section

179 expense taken 

## 1,400 2005 1,400

## Shareholder: DAVE DENHERDER Percentage: 20%

S CORPORAllONIPARllERSHP NAME



## MARCECO LTD Description
Casualty or

### theft


## AUTO TOTALS

NET GAIN(LOSS)

WK_179.LO Date Acquired

Date Sold


## 08-15-2005 08-15-2009 Section 179 Disposition Statement (Keep for your records)

Cost or basis plus Gross sales price improvements and expense 

### ofsale


## 835 280 835 280

835 SSN/EIN: 

# 2009
8N 

## 38-3488505 Depreciation

allowed 

### or allowable AMT Depreciation



## 280 280 Amount of section 179 expense

deduction Tax year section

179 expense taken 

## 280 2005280

## Shareholder: MARK DENHERDER Percentage: 30%

S CORPORATlONIPARTNERSI-IP NME



## MARCECO LTD Description
casualty ortheft


## AUTO TOTALS

NET GAIN (LOSS) Date Acquired

Date Sold


## 08-15-2005 08-15-2009 Section 179 Disposition Statement (Keep foryour records)

Cost or basis plus Gross sales price improvements and expense 

### ofsale


## 1,253 420 1,253 420
1,253 SSN/EIN: 

# 2009
ElN 

## 38-3488505 Depreciation

allowed 

### orallowable
AMT Depreciation



## 420 420 Amount 

### ofsection 179 expense

deduction Tax year section

179 expense taken 

## 420 2005420

## Shareholder: RUTH DENHERDER Percentage: 30%

S CORPORATIONIPARlNERStIPNAME



## MARCECO LTD Description
Casualty ortheft 

## AUTO TOTALS

NET GAIN 

## (LOSS) Date Acquired

Date Sold


## 08-15-2005 08-15-2009 Section 179 Disposition Statement (Keep for your records)

Cost or basis plus Gross sales price improvements and expense ofsale 

## 1,253 420 1,253 420
1,253 SSN/EIN: 

# 2009
EIN 

## 38-3488505 Depreciation

allowed or allowable AMT Depreciation



## 420 420 Amount ofsection 179 expense deduction Tax year section

179 expense taken 

## 420 2005420

## Shareholder: JAMAL AQEL Percentage: 20%

S CORPORATIONIPARTlIERSI-IP NAME



## MARCECO LTD Description
Casualty or

### theft


## AUTO TOTALS

NET GAIN (LOSS) Date Acquired

Date Sold


## 08-15-2005 08-15-2009 Section 179 Disposition Statement (Keep for your records)

Cost or basis plus Gross sales price improvements and expense ofsale


## 835 

## 280 835 

## 280

835 SSN/EIN: 

## 2009
aN 

## 38-3488505 Depreciation

allowed or allowable AMT 

### Depreciation



## 280 280 Amount ofsection 179 expense

deduction Tax yearsection

179 expense taken 

## 280 2005280Form 

# 4562 Depreciation and Amortization (Including Information on Listed Property) Department 01 the Treasury Internal Revenue Service (99)**~** See separate instructions.**~** Attach to your tax return.

### L~ 

## Election To Expense Certain Property Under Section 179 Note: Ifyou have any listed property, complete Part V before you complete Part 

### I. 1 Maximum amount. See the instructions for a higher limit for certain businesses 

# ... 2 Total cost ofsection 179 property placed in service (see instructions) 

## .............. 3 Threshold cost ofsection 179 property before reduction in limitation (see instructions) 4 Reduction in limitation. Subtract line 3 from line 2. Ifzero or less, enter -0- 

## ........ 5 Dollar limitation fortax year. Subtract line 4 from line 1. Ifzero or less

. enter -0-. Ifmarried filing separately, see instructions 

### .. 

## .. .. .. 

### .. .. 

## .. .. .. 

### .. .. .. 

### .. .. .. 

### .. .. .. 

### .. .. 

### .. 

## .. .. .. 

### .. .. .. 

### .. .. .. 

# . . ............ 1 2 3 4 5 (a) Description ofproperty (b) Cost (business use only) (e) Elected cost 6 STATEMENT

### # 50 

## 149 547 7 Listed property. Enterthe amount from line 29 

## ................................ I 

### 7 

## 93 953 8 Total elected cost ofsection 179 property. Add amounts in column (c) , lines 6 and 7 

### 8 9 Tentative deduction. Enterthe smaller of line 5 or line 8 

### ................................ 

# - 9 10 Carryover of disallowed deduction from line 13 ofyour2008 Form 4562 

### ................ 10 11 Business income limitation

. Enterthe smaller ofbusiness income (not less than zero) or line 5 (see instructions) 11 12 Section 179 expense deduction. Add lines 9 and 10, but do not enter more than line 11 

### .................. 12 13 Carryover ofdisallowed deduction to 2010
. Add lines 9 and 10, less line 12

### ~I13 Note: Do not use Part II or Part III below for hsted property
. Instead , use PartV

. 

### i 

# , OMB No. 1545-0172 

# 2009 Attachment Sequence No. 

## 67 IdenIit}<i1grurtJer



## 38-3488505
250 000 806 500 800 000 6 500 243 , 500

243 500 243,500 243 500 243, 500 

# !Part 

## II ; SDecial DeDreciation Allowance and Other DeDreciation (Do not include listed property
.) (See instructions

.) 14 Special depreciation allowance for qualified property (otherthan listed property) placed in service during the tax year (see instructions) 

# . . . 

# . 14 

## 14 876 15 Property subjectto section 168(f)(1) election 

# . . 15 16 Other depreciation (including ACRS) 

# . . . 

# . . . 16 

## fPart 

## III 

# I MACRS DeDreciation (Do not include listed property
.) (See instructions.) Section A 17 MACRS deductions for assets placed in service in tax years beginning before 2009 •••••••••••

### ._**!~**

# ...L.

. __ ._.. . 

## 5, 9 14 18 Ifyou are electing to group any assets placed in service during the tax year into one or more general asset accounts, check here •• • ••••••••• • •• - • - • • • • • • • • • • • • • • • •**~** Section B - Assets Placed in Service During 2009 Tax Year Using the General Depreciation System (a) Classification ofproperty (b) Month and (
. C) Basis for depreciation (d) Recovery (e) Convention (f) Method (g)Depreciation deduction year placed in (businesslinvestment use service only-see instructions) period 19a 3-year property

b 5-year property c 7-year property I I d 1O-year property 

## 14,875 10 MQ 

## 200 DB 1 859 e 15-year property 

### f 20-year property g 25-year property 25 yrs. Sil 

### h Residential rental 27.5 yrs. MM 

### S/L property 27.5 yrs. MM 

### S/L i Nonresidential real 39 yrs. MM 

### S/L property MM Sil Section C - Assets Placed in Service Dunng 2009 Tax Year USing the AHernatlve DepreclatJon System 

# I - 

# I 20a Class life Sil

b 12-year 

# I I 12 yrs. Sil c 40-year 

# I I 40 yrs. MM Sil

### ~ 

# ! SummarY (see instructions) 21 Listed property. Enter amount from line 28 

## ............................ .............. .................. .. 21 

## 280 703 22 Total. Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column (g) , and line 21. Enter here and on the appropriate lines ofyour retum. Partnerships and S corporations - see instructions 

## ............ 22 

## 303 , 352 23 For assets shown above and placed in service during the current year, enterthe 

# I ' portion ofthe basis attributable to section 263A costs 

# . . .... .... ............ 23 : 

# I For Paperwork Reduction Act Notice, see separate instructions. 

### EEA Fonn 4562 (2009)Form 4562 (2009) 

## MARCECO LTD 

## 38-3488505 

# IPartvl Listed Property (Include automobiles, certain other vehicles, cellular telephones, certain computers, and property used for entertainment, recreation, or amusement.) Note: Forany vehicle forwhich you are using the standard mileage rate or deducting lease expense, complete only 24a, 24b, columns (a) through (c) of Section A, all ofSection S, and Section C ifapplicable. Section A - Depreciation and Other Infonnation (Caution: See the instructions for limits for passenger automobiles.) 24a Y N i 24b If"Y ". th'd 'tt? Do you have evidence to support the businesslinvestment use daimed? es 0 es, IS eevi encewn en. (a) (Il) (e) (d) (e) (I) (g) (h) Business! Basisfor depredation Type ofproperty (list Date placed in investment Cost orother Recovery Method! Depreciation vehides first) service use basis (businesslinvestment period Convention deduction percentage use only) 25 Special depreciation allowance for qualified listed property placed in service during the ••• / 25 tax year and used more than 50% in a qualified business use (see instructions) 

# . . . .......... 

## 266 625 26 Property used more than 50% In a qualified bUSiness use: 

### MAZDA 3

### ~00908ll5 

## 100 % 

## 19 454 9 727 5 200 

### DB-MQ 

## 1 233 CIRRUS 

## 2009ll0(29 100 % 

## 607 748 256 897 5 200 

### DB-MQ 

## 12 845 I I % 27 Property used 50% or less In a qualified bUSiness use' ! I % SILI I % SILI I % SIL28 Add amounts in column (h), lines 25 through 27. Enter here and on line 21, page 1 

## ·1 28 

## 280,703 29 Add amounts in column (i), line 26. Enter here and on line 7, page 1 

## ............ .. 

## ...... 

# .... ·1 29 Section 

### B -Infonnation on Use ofVehicles Page 2



### Y

es N0

(i) Elected section 179

cost



## 93 953

93 953 Complete this section for vehicles used by a sole proprietor, partner, orother "more than 5% owner," or related person. Ifyou provided vehicles to your employees, first answerthe questions in Section C to see ifyou meet an exception to completing this section forthose vehicles. 30 Total businesslinvestment miles driven (a) (Il) (e) (d) (e) during the year (do not include Vehide 1 Vehide 2 Vehide3 Vehide4 Vehide 5 commuting miles) 

## .................... 

# · .. 31 Total commuting miles driven during the year 32 Total other personal (noncommuting) miles driven 

# .. . . .. 

### .. .. 

## .. .. .. .. 

### .. .. 

# · .. 33 Total miles driven during the year. Add lines 30 through 32 

### .. 

### .. .. 

## .. .. .. .. .. .. 

# · .. 34 Was the vehicle available for personal Yes No Yes No Yes No Yes No Yes No use during off-duty hours? 

### .. 

### .. .. 

### .. .. 

# ·. 35 Was the vehicle used primarily by a more than 5% owner or related person? 

# · . 36 Is another vehicle available for personal use?· •••••• 

# . 

# . . . . .. .. .. .. .. 

# ·. Section C - Questions for Employers Who Provide Vehicles for Use byTheir Employees Answer these questions to determine ifyou meet an exception to completing Section 

### B for vehicles used by employees who are not more than 5% owners or related persons (see instructions) 37 Do you maintain a written policy statement that prohibits all personal use ofvehicles, including commuting, by your employees?

................................ It

.......... 

### .. .. .. 

### .. .. 

### .. .. .. .. .. .. .. .. 

### .. .. 

### .. .. .. 

### .. .. .. .. 

### .............. 38 Do you maintain a written policy statementthat prohibits personal use ofvehicles, except commuting, by your employees? See the instructions for vehicles used by corporate officers, directors, or 1 % or more owners 39 Do you treat all use ofvehicles by employees as personal use? 

### .................... .. 

### .. .. 

### .. .. 

### .. .. .. 

### .. .. .. 40 Do you provide more than five vehicles to your employees, obtain information from your employees about the use ofthe vehicles, and retain the information received? 

### .............................................. 41 Do you meetthe requirements concerning qualified automobile demonstration use? (See instructions.) Note: Ifyouranswer to 37, 38, 39,40, or41 is "Yes," do not complete Section B for the covered vehicles. ! 

# LfmVI l 

## Amortization (Il) (e) (d) (e) (I) Vehide 6

Yes No

Yes No

(f) 

# I (a) Date amortization Amortizable amount Code section Amortization Amortization for this year Description of costs period or begins i percentage 42 Amortization ofcosts that beginS dunng your2009 taxyear (see instructions):



## GOODWILL 

## 12009-01-011 26,000 

# lAMT
1 

# ! 1 43 Amortization of costs that began before your 2009 tax year 44 Total. Add amounts in column (f). See the instructions for where to report EEA ..Form 

# 11205 Department oftheTreasury Intemal Revenue Service 

# U.S. Income Tax Return for an S Corporation**~** 

### Do notfilethis form unless the corporation 

### hasfiled or is attaching Form 2553 to electto be an 5 corporation.**~** See separate instructions. For calendaryear 2008 or tax year beginning 2008 ending A Selection effective date Use Name



## 09-01-1999 IRS 

## MARCECO LTD B Business activity code label. Number,**stree~** and room orsuite no. IfaP.O. bcx. see instructions.

number (see instructions) Other

## 454210 wise, 

## 3542 ROGER B 

## CHAFFEE SE C Check if Sch. M-3 print or City ortown, state. and ZIP code attached type. 

## GRAND RAPIDS MI 49548 OMB No. 1545-0130 

# 2008 ,20 

## o**~** idenIiIication runber 

## 38-3488505 E Date incorporated 

## 09-01-1999 F Total assets (see instructions) 

### $ 

## 1 265 355 G Is the corporation electing to be an Scorporation beginning with this tax year? Yes 

### ,X. No If'''{es." attach Form 2553 ifnot alreadyfried H Check if: (1) Final return (2) Name change (3)**~** Address change

- (4) Amended return (5) S election termination or revocation Enter the number ofshareholderswho were shareholders during any part ofthe tax year**.~** 

## 4 Caution. Include onlytrade or business income and expenses on lines 1 a through 21. See the instructions for more information 1 a Gross receipts or sales 

# I 32 852,328 

# I bLess retums and allowances I 

## 1 938**IcBal~** 1c 

## 32 L 

## 850,390
Income

Deductions (seeinstructions forlimitations)



### Tax

nd 

### a Pay

### ments 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22a b c 23a b c d 24 25 26 27 Cost ofgoods sold (Schedule A, line 8) 

# .. .. 

### .. .. 

### .. .. .. .. .. .. 

### .. 

### .. Gross profit. Subtract line 2 from line 1 c 

## .................... .- 

# · Net gain (loss) from Form 4797, Part II, line 17 (attach Form 4797) Other income (loss) (see instructions - attach statement) •**~l;AJt;~E!'IT** 

## 'II 1 . Total income (loss). Add lines 3 through 5**.~** Compensation ofofficers 

# .. .. .. 

### .. .. 

## .. .. .. 

# · . Salaries and wages (less employment credits) Repairs and maintenance 

# · . Bad debts 

# ... . · 

# · · Rents 

## ............ 

# . 

# · · Taxes and licenses 

# ·**~~T_~~.** Interest 

### .. 

## .. .. .. .. 

# · .. · · . · Depreciation not claimed on Schedule A or elsewhere on return (attach Form 4562) Depletion (Do notdeduct oil and gas depletion.) 

# . · · · · Advertising 

## .................. 

# · . · 

# · · Pension, profit-sharing, etc., plans 

# · · Employee benefit programs 

# . . 

# . . . . . · · . Other deductions (attach statement) 

# . •**~l;AJE;~E!'IT** 

## 'II4 Total deductions. Add lines 7 through 19 

# ·**~** Ordinary business income (loss). Subtract line 20 from line 6 

# .. Excess net passive income or LIFO recapture tax (see instructions) 

# · · 22a Tax from Schedule D (Form 1120S) 

## ................................ 22b Add lines 22a and 22b (see instructions for additional taxes) 

## ........ 

# · · .. .. 

## .................. 2008 estimated tax payments and 2007 overpayment credited to 2008 23a Tax deposited with Form 7004 

## ...................... 

# · 23b Creditfor federal tax paid on fuels (attach Form 4136) 

# . · 23c Add lines 23a through 23c 

# . . ................. 

# · · · .. . . · .... Estimated tax penalty (see instructions). Check if Form 2220 is attached 

# · .. ..**.~**

# = Amount

### owed. If line 23d is smallerthan the total of lines 22c and 24, enter amount owed 

# · · 

# .. . . Overpayment Ifline 23d is largerthan the total oflines 22c and 24, enteramount overpaid •••••• Enteramountfrom line 26 Credited to 2009 estimated tax

### ~ 

# IRefunded

### ~ 2 

## 30 856 454 3 

## 1 993 936 4 5 

## 13 624 6 

## 2,007 560 7 

## 30 000 8 

## 426 443 9 

## 1 234 10 

## 187 799 11 

## 55,459 12 

## 43 644 13 

## 24 321 14 

## 15 193 15 16 17 18 

## 31 058 19 

## 854 482 20 

## 1 669 633 21 

## 337,927

22c

# i~:~ 

# ,.' 23d 24 25 26 27 Under penalties ofperjury, Ideclare that I have examined this return, induding accompanying schedules and statements, and to the best of my knowledge and belief, it is true, 

### comect and COOlpiete. Declaration ofprepare< (otherthan taxpayer) is based on all information ofwhich preparer has any knowledge. 

## Sign Maythe IRS discuss this retum 

## Here 

# ... 106-04-200S\.PRESIDENT with the preparer shown belo,
.- 

# r Signature ofofficer Date rTitle (see Instructions)? 

# XYes No 

## Paid Preparer's

# .~ 

# 1 Date 

# ,I Check ifself- Preparer's SSN or PTIN signature 

## 06-04-2009 employed

### ~. 

## P00531251 Preparer's Firm's name (or

### ~ 

## MCDONALD AND ASSOCIATES PC EIN 

## 38-2529205 Use Only yours if self-employed), 

## 2156 PLAINFIELD AVE NE address, and ZIP code 

## GRAND RAPIDS MI 49505 Phone no. 

## (616)447-8639 For Privacy Act and Paperwork Reduction Act Notice, see separate instructions. 

### EEA Fonn 11205 (2008)Form 1120S (2008) 

## MARCECO LTD 38-3488505 Page 2 

# IC!
.........'"', 

## lie

# A I Cost ofGoods Sold (see instructions)

1 Inventory at beginning ofyear 

# . . . 1 

## 319 508 2 Purchases 

# · . 2 

## 31 016 362 3 Cost of labor 

# · . 3



# .. Additional section 263A costs (attach statement) 

# .. 5 Other costs (attach statement)

### ?~A:rS~E~T 

## f!**~** 5 

## 67 499 6 Total. Add lines 1 through 5 

### 6 

## 31 403 369 7 Inventory at end of year 

# · . 7 

## 546 915 8 

### Costofgoods sold. Subtract line 7 from line 6
. Enter here and on page 1, line 2 

### 8 

## 30 856,454

---- 9 a Check a" methods used for valUing closing Inventory: (I) 

## X Cost as descnbed In Regulations section 1.471 -3 (ii) Lower ofcost or market as described in Regulations section 1.471-4 (iii) Other (Specify method used and attach explanation

.)**~** _________________________**~~** 

### b Check ifthere was a writedown of subnormal goods as described in Regulations section 1.471-2(c) 

### e Check ifthe LIFO inventory method was adopted this tax year for any goods (ifchecked, attach Form 970) 

### d Ifthe LIFO inventory method was used for this tax year, enter percentage (or amounts) ofclosing**-. -.** 

inventory computed under LIFO

. • • . • • • . • • • • • • • • • • • • • • • • • . • • • • • • • • • •. 1..1 

### _9_d-'-I

____

### ~-~_-- e If property is produced or acquired for resale, do the rules of section 263A apply to the corporation?

Was there any change in determining quantities, cost, or valuations between opening and closing inventory? If''Yes,'' attach explanation. 

# ISchedule B 

# 1 Other Information (see instructions) 

### 1 Check accounting method : a Cash

---- b 

### X Accrual e

### ,~.**:** Other (specify)**~** 2 See the instructions and enterthe: Yes 

### . X No 

### ,-_. Yes No Yes No

... 

# _-

a Business activity**~SALES** b Product or service**~** 

## LONG DISTANCE 3 At the end ofthe taxyear, did the corporation own, directly or indirectly, 50% or more ofthe voting stock ofa domestic corporation? (For rules ofattribution , see section 267(c).) If"Yes," attach a statement showing: (a) name and employer identification number (EIN), (b) percentage owned, and (e) if 100% owned, was a QSub election made? 

### .. .. .. 

### .. .. 

### .. 

## ............ 

## X 4 Has this corporation filed , or is it required to file , a retum under section 6111 to provide information on any reportable transaction? 

## .................... .. .. 

### .. .. .. .. .. 

## .. .. .. 

### .. 

# · . .. 

### .................................. .. .................. .. ...... 

## X --. 5 Check this box ifthe corporation issued publicly offered debt instruments with original issue discount 

### ........ .. ....**~** 

### ,- If checked , the corporation may have to file Fonn8281, Information Retum for Publicly Offered Original Issue Discount Instruments. 

### 6 Ifthe corporation: (a) was a C corporation before it elected to be an S corporation orthe corporation acquired an assetwith a basis determined by reference to its basis (orthe basis of any other property) in the hands ofa C corporation and (b) has net unrealized built-in gain (defined in section 1374(d)(1» in excess ofthe net recognized built-in gain from prior years, enterthe net unrealized built-in gain reduced by net recognized built-in gain from prior years· ••••• 

# . 

# . .. 

## .................. .. .. .. .. 

### .. .. ..**~** 

### $ 

### 7 Enterthe accumulated eamings and profits ofthe corporation at the end ofthe taxyear. $ 8 Are the corporation's total receipts (see instructions) for the tax year and its total assets atthe end ofthe tax year less than $250,OOO? If·Yes," the corporation is not required to complete Schedules Land M-1 

# . . 

# . .. 

### .. .. .. 

## .............. 

## X 

# ISchedule K 'I Shareholders' Pro Rata Share Items Total amount 1 Ordinary business income (loss) (page 1 , line 21) 

# ·. . . .. .. .. .. .. 

# ·. 1 

## 3371.927 2 Net rental real estate income (loss) (attach Form 8825) 

# ... 

# . . · . 2 

# , 3a Other gross rental income (loss) 

## .................... 

## · 1 3a 

## 1 n b Expenses from other rental activities (attach statement) ., 3b , I e Other net rental income (loss). Subtract line 3b from line 3a 3e e 

### a m 

# .. Interest income 

### .. 

### .......... 

# . . . 

# · . 4 

### e 5 Dividends: a Ordinary dividends Sa (L b Qualified dividends 

# ·1 5b 

# I
0 

### 6 Royalties

........ a .... 

# . .. · . 

# U. I s 

### 7 Net short-tenm capital gain (loss) (attach Schedule 

### 0 (Form 1120S» 

# · . s) 8a Net long-term capital gain (loss) (attach Schedule D (Form 1120S)) 

# · 

# . b CoUectibles (28%) gain (loss) • , 8b 

# I I 

# .............. 

# I I e Unrecaptured section 1250 gain (attach statement)

. / 8e / 

# I 9 Net section 1231 gain (loss) (attach Form 4797) 

# · ... . . 

# ·.. . 

# . . ........ 9 10 Other income (loss) (see instructions) • . •**Type~** 10 

### EEA Form 11205 (2008)Form 1120S (2008) 

## MARCECO LTD

Oeructions

Credits

F

### oreq,ransT actions

AJIemaIive Minimum Tax(AMT) Item

### s

Items AIreding Shareholder Basis

Other InfamaIion

econR ciiaIion 

### EEA 11 12a

b c d 13a

b c d e f 9 14a

b c d e f
9 h i j k
1 m n 15a

b e d e f 16a

b c d e 17a

b e d 

### 18 Shareholders' Pro Rata Share Items (continued) Section 179 deduction (attach Form 4562) Contributions Investment interest expense 

# . Section 59(e)(2) expenditures (1)Type

.. (2)Amount

.. Otherdeductions (see instructions) 

# · • Type" Low-income housing credit (section 42(j)(5)) Low-income housing credit (other) 

# · Qualified rehabilitation expenditures (rental real estate) (attach Form 3468) Other rental real estate credits (see instructions) • Type

.. Other rental credits (see instructions) • Type

.. Alcohol and cellulosic biofuel fuels credit (attach Form 6478) Other credits (see instructions) 

# . · • Type

.. Name ofcountry or U.S

. possession 

# .. Gross income from all sources 

# · Gross income sourced at shareholder level Foreign gross income sourced at corporate level Passive category General category Other (attach statement) Deductions allocated and apportioned at shareholder level Interest expense Other· 

# . Deductions allocated and apportioned at corporate level to foreign source income Passive category General category 

# . . Other (attach statement) 

# . . . Other information



## ---- ---- Total foreign taxes (check one): 

# .. Paid Accrued

- 

# -- Reduction in taxes available for credit (attach statement) Otherforeign tax information (attach statement) 

# . Post-1986 depreciation adjustment Adjusted gain or loss Depletion (other than oil and gas) Oil , gas, and geothermal properties-gross income Oil , gas, and geothermal properties-deductions OtherAMT items (attach statement) Tax-exempt interest income Other tax-exempt income 

# . . . Nondeductible expenses Property distributions Repayment of loans from shareholders Investment income Investment expenses Dividend distributions paid from accumulated earnings and profits Other items and amounts (attach statement) 

### Incomenoss reconciliation. Combine the amounts on lines 1 through 10 in the far right column. From the result, subtract the sum ofthe amounts on lines 11 through 12d and 141 

## 38-3488505 Page 3 Total amount 11 

## 108 104 12a 12b 12c(2) 12d 13a 13b 13c 13d 13e 131 139 14b 14c 14d 14e 14f ,," 149 14h ! 141 14j 14k
141 14m

. ' ..... 15a 

## (3 138) 15b 15e 15d 15e 15f 16a 16b 16e 

## 5 811 16d 16e 17a 17b 17e ,.-'"

.

18 

## 229 823 Form 11205 (2008)

### Form 1120S (2008) 

## MARCECO LTD Lschedule L I Balance Sheets per Books Assets 

### 1 Cash 

# . . 

# . ........................ 2a Trade notes and accounts receivable

b Less allowance for bad debts 3 Inventories 

## .......................... 4 U.S. government obligations 

## ........ 

# . 5 Tax-exempt securities (see instructions) 

### 6 Other current assets (attach statement) 

### 7 Loans to shareholders 

## ................ 8 Mortgage and real estate loans • • • • 

### 9 Other investments (attach statement) • 10 a Buildings and other depreciable assets

b Less accumulated depreciation • 

### 11 a Depletable assets •••••••

b Less accumulated depletion • • • 12 Land (net ofany amortization) 13 a Intangible assets (amortizable only)

b Less accumulated amortization 14 Other assets (attach statement) 15 Total assets· ••••••••• Liabilities and Shareholders' Equity 

# .

16 Accounts payable ••••••••••• 

### 17 18 

### 19 20 21 22 23 24 25 

### 26 Mortgages, notes, bonds payable in less than 1 year 

### Other current liabilities (attach statement) Loans from shareholders Mortgages, notes, bonds payable in 1 year or more 

### Other liabilities (attach statement) Capital stock • • • • • • Additional paid-in capital •••• Retained eamings ••••••• Adjustments to shareholders' equity (attach statement) 

### Less cost oftreasury stock •••••••• 

## 38-3488505 Page 4 Beginning oftax year End oftaxyear (a) (b) 

### (c) (d) 

## 49 112 166 000 612 265 ", 

## 529 917 ) 

## 612,265 ( ) 

## 529 917 319 508 546 915 , 

# i I 

# ; 1 

# I I 5,791 J 

## 6,145 ,,',: I 

## 68 868 

# I I 

## 149 206 ,0 I 

## 333 268 455 291 318 811) 1 4 4 7 442 108) 13 183**,, ----** **--- ---~** **--------------~-- ----** **-- --** **-- ~r---------------** 


## 3 195 1 219 207 1 265 355 600 149 693,920 421,608

16,608 I 

## 516 830 jsTATEMENT' 22 

# I 28 734 11. 076 78 331 78 331 43 812 I (4,

# 837~**1** I e . 1,265,355 tScheduieM-1 

# I Reconciliation of Income (Loss) per BooksWith Income (Loss) per Return Note: Schedule M-3 required instead ofSchedule M-1 iftotal assets are $10 million or more-see instructions 1 Net income (loss) per books 

## ...... .. .......... 

## 224 012 5 Income recorded on books this year not 2 Income included on Schedule K, lines 1 , 2, 3c, 4, included on Schedule 

### K. lines 1through 5a, 6, 7, 8a, 9, and 10, not recorded on books 10 (itemize): this year (itemize): a Tax-exempt interest $ 

### 3 Expenses recorded on books this year not 

### 6 Deductions included on Schedule K, lines included on Schedule K, lines 1through 12 1through 12 and 141 , not charged against and 141 (itemize): book income this year (itemize): a Depreciation $ a Depreciation $ b Travel and entertainment $ 

## 5,811 7 Add lines 5 and 6 

### .. .. 

### .. 

### .. .. 

### .. .. .. .. 

### .......... 

## 5,811 8 Income (loss) (Schedule K, line 18). 

### 4 Add lines 1through 3 

## ........................ 

## 229,823 Line 4 less line 7 

# . .. .. .. 

### .. .. .. .. 

### .. .. .. .. 

## 229 823 Ana sis 

### ofAccumulated Ad'usbnents Account, Other

### Ad'ustmentsAccou and Shareholders' 

## Lschedule M-2 1 Iy U dis 

### "but T 

### bIe I 

### IyT nt,



### n tri 

### ed 

### axa ncome Previous axed (see instructions) (a) Accumulated (b) Other adjustments (c) Shareholders' undistributed adjustments account account taxable income previously taxed 1 Balance at beginning oftax year 

# .. . (4 

## 837) 

# ! ---_. 2 Ordinary income from page 1 , line 21 

## 337 927 3 Other additions 

# . . .. 

### .. 

### .......... ..
.. 

# J 4 Loss from page 1, line 21 

# ... .. ...... ( ) . ' 

### 5 Other reductions • . • • • STATE:MEN11t :l0. ( 

## 113 L 

## 915) ( 6 Combine lines 1through 5 

### .................. 

## 219 175 7 Distributions other than dividend distributions 

## 175 363 8 Balance at end oftax year. Subtract line 7 from Hne 6 

## 43 812 EEA Form 11205 (2008)

## Schedule K-1 

# 2008 (Form 11205) For calendar year 2008, ortax Department ofthe Treasury year beginning ,2008 Intemal Revenue Service ending ,20



# -- Shareholder's Share of Income, Deductions, Credits, etc.**~** See page2 c:lfurm andsepaaIeinsIructions.

# !~arU! Information About the Corporation

A Corporation's employer identification number



## 38-3488505 B Corporation's name, address, city, state, and ZIP code



## MARCECO LTD 3542 ROGER B CHAFFEE SE GRAND RAPIDS MI 49548
C IRS Certerwhere corporation filed return



## CINCINNATI 

# IhrtDI Information Aboutthe Shareholder 0 Shareholders identifying number
E Shareholder's name, a<hlr1!SS,

### t.r~, and ZIP code



## DAVE DENHERDER 600 BROADWAY NW 

## APT 332B GRAND RAPIDS MI 49504

F Shareholders percentage 01 stock 0wnershipfortax year 

### .. 

# . .. 

# . ............ 20.00000

F 0 

### r I R 

### S U 

### s e 

### 0 n 

### I 

### y

ForPapeIworkReductionAd Naice, seeInsIrudimsA:lr Foon 1120S. 

### EEA % 

# 671108 FinalK 1 - Amended K 1 

# - OMB No 1545-0130 

### , 

# IPanDlI Shareholder's Share of

### Current Year Income, Deductions, Credits, and Other Items 1 

# I Ordinary business income (loss) 13 Credits 

# I 67 585 2 

# I Net rental real estate income (loss) 

## I I 3 Other net rental income (loss)
4 Interest income
Sa Ordinary dividends
5b Qualified dividercts 14 Foreign transactions
6 Royalties
7 

# INet short-tenm capital gain (loss)
Sa Net long-term capital gain (loss)
8b Collectibles (28%) gain (loss)
Be Unrecaptured section 1250 gain
9 Net section 1231 gain (loss)
10 Other income (loss) 15 Memative minimum tax (AMT) items 

### A 

## (628)

11 Section 179 deducton 16 Items affecting shareholder basis 

## 21 

## 621 C 1,162 12 Otherdeductions

17 Other infonmation

• See attached statement for additional information, Sche<iIIe K-1 (Form 112(5)2008

## Schedule K-1 

# 2008 (Form 11205) For calendar year 2008, or tax Department ofthe Treasury year beginning ,2008 Intemal Revenue Service ending ,20



### - 

# Shareholder's Share of Income, Deductions, Credits, etc.**~** Seepage2 affam andseparateinsIrudions.



# [Parttl Information Aboutthe Corporation A Corporation's employer identification number



## 38-3488505 B Corporation's name, address, city, state, and ZIP code



## MARCECO LTD 3542 ROGER B 

## CHAFFEE SE GRAND RAPIDS MI 49548
C IRS Center where corporationfiled return



## CINCINNATI 

# IPartlll Information Aboutthe Shareholder 0 Shareholder's identifying number
E Shareholder's narne, address, city, state, and ZI P code



### MARK 

## DENHERDER 736 FULTON ST NE APT 1 GRAND RAPIDS MI 49503

F**SNrr~d~s~mgect~~** ownership fortax year 

### .. .. 

# . .. 

## .............. 

## 30.00000

F 0 

### r 

### I R 

### S U 

### s e 

### 0 n 

### I 

### y

ForPaperwakReructionAct Notice, seek'IsIrudionsforForm 1120S. 

### EEA % 

# 671108 Final K-l Amended K-l OM8 No 1545-0130 

# !Partllli Shareholder's Share ofCurrentYear Income, Deductions, Credits, and Other Items 1 Ordinary business income (loss) 13 Credits 

## 101 378 2 Net rental real estate income (loss)
3 Other netrental income (loss)
4 Interest income
Sa Ordinary dividends
5b Qualified dividends 14 Foreign transactions
6 Royalties
7 Net short-term capital gain (loss)
Sa Net long-term capital gain (loss)
8b Collectibles (28%) gain (loss)
8c Unrecaptured section 1250 gain
9 Net section 1231 gain (loss)
10 Other income (loss) 15 Alternative minimum tax (AMT) Items 

## A (941)

11 Section 179 deduction 16 Items affecting shareholder basis 

## 32 431 C 1,743 12 Other deductions

17 Other informatlon



### * See attached statementfor additional information.**~K-1** (Ferm 1120S)2OOB

## Schedule K-1 

# 2008 (Form 11205) For calendar year 2008, ortax Department ofthe Treasury year beginning ,2008 Intemal Revenue Service ending ,20



# -- Shareholder's Share of Income, Deductions, Credits, etc.

.. Seepage2**~**faro ax! separnIeinsIJudiorIS

# I Patt I 

# I Information Aboutthe Corporation A Corporation's errp/oyer iderltificaticn number



## 38-3488505 B Corporation's name, address, city, state, and ZIP code



## MARCECO LTD 3542 ROGER B 

## CHAFFEE SE GRAND RAPIDS MI 49548
C IRS Centerwhere corporation filed retum



## CINCINNATI**Ip~rtB,1** Information Aboutthe Shareholder 0 Shareholder'S identifying number
E Shareholder's name, address, city, state, and ZIP code



## RUTH DENHERDER 740 S FEDERAL ST APT 908 CHICAGO IL 60605

F Shaneholder's percentage ofsted< ownershipfortax year 

### .. 

## .. .. 

## .. .............. 

## 30.00000

F 0 r 

### I 

### R S 

### U s e 

### 0 n 

### I y

FCf' Papeno;ak ReWdionAd.NcIice, seelnsIrucIionsforForm 11205. 

### EEA % 

# 671108 FinalK-1 Amended K-1 OMB No 1545-0130 

# !Partml Shareholder's Share 

### of CurrentYear Income, Deductions, Credits, and Other Items 1 

# ! Ordinary business income (/oss) 13 Credits 

# I 101 378 2 

# I Net rental real estate income (loss) I 3 

# I Other net rental income (loss) 

# I 4 Interest income
Sa Ordinary dMdends
51> Qualified dividends 14 Foreign transactions
6 Royalties
7 Net short-term capital gain (loss)
8a Net long-tenm capital gain (loss)
8b Collectibles (28%) gain (loss)
Be Unrecaptured section 1250 gain
9 Net section 1231 gain (loss)
10 Other income (loss) 15**A~emative** minimum tax (AMT) (terns 

## A (941)

11 Section 179 deduction 16 Iterrs affecting shareholder basis 

## 32 431 C 1,743 12 Other deductions

17 Other Infonmation



### * See attached statement for additional infom1ation. SchedJIeK-l (FCtTII 112(5)2008

## Schedule K-1 

# 2008 (Form 11205) For calendar year 2008, ortax Department of the Treasury year beginning ,2008 Intemal Revenue Service ending ,20



# - Shareholder's Share ofIncome, Deductions, Credits, etc.

.. Seepage2**~**form and

### separaeinsIrudioos.



# IPartl I Information Aboutthe Corporation A Corporation's employer identification number



## 38-3488505 B Corporation's name, address, city, state, and ZlP code



## MARCECO LTD 3542 ROGER B 

## CHAFFEE SE GRAND RAPIDS MI 49548
C IRS Centerwhere ccrporation filed return



## CINCINNATI 

# leartnl Information Aboutthe Shareholder 0 Shareholder's identifying m.mber
E Shareholder's name, address, city, state, and ZIP code



## JAMAL 

## AQEL 10891 CHEYENNE TRAIL GRAND RAPIDS MI 49544

F Shareholder's percentage ofstock ownenship fortax year 

## .. ., 

# .. ...... ., 

## ...... 

## 20.00000

F 0 r 

### I 

### R S 

### U s e 

### 0 n 

### I 

### y

ForPaperMlfkRedudionlid.NoIice. see InsIrudimskr'Fomt 11208. 

### EEA % 

# 671108 Final K-1 Amended K-1 OMS No 1545-0130 

# IPart

# 111 

# I Shareholder's Share of

### CurrentYear Income, Deductions, Credits, and Other Items 1 

# I Ordinary business income (loss) 13 Credits 

# l 67L 

## 586 2 

# I Net rental real estate income (loss)
3 

# I Other net rental income (loss)
4 Interest income
Sa Ordinary dividends
5b Qualified dividends 14 Foreign transactions
6**Roya~ies**
7 Net short-term capital gain (loss)
Sa Net long-term capital gain (loss)
Sb Collectibles (28%) gain (loss)
&: Unrecaptured section 1250 gain
9 Net section 1231 gain (loss)
10 Other income (loss) 15 Aitemative minimum tax (AMT) items 

## A (628)

11 Section 179 deduction 16 Items affecting shareholder basis 

## 21 621 C 1,163 12 Other deductions

17 Other information

* See attached statementfor additional information. Sche<ije K-1 (Form 1120S)2008Form 

# 4562 Depreciation and Amortization (Including Information on Listed Property) Department ofthe Treasury Intemal Revenue Service (99)**~** See separate instructions.**~** Attach to yourtax return. 

# Le. M1iJ Election To Expense Certain Property Under Section 179 Note: Ifyou have any listed property complete PartV before you complete Part I. 1 Maximum amount. See the instructions for a higher limit for certain businesses 

# ... 2 Total cost ofsection 179 property placed in service (see instructions) 

## ........ 

# . . . 3 Threshold cost of section 179 property before reduction in limitation (see instructions) 4 Reduction in limitation. Subtract line 3 from line 2. Ifzero or less, enter -0- 

## ........ 5 Dollar limitation fortaxyear. Subtract line 4 from line 1. Ifzero or less, enter -0-. Ifmarried filing separately, see instructions 

### .. .. .. .. 

### .. .. .. .. .. .. .. .. .. 

### .. .. 

### .. .. .. 

## ........................ 

# . . .. 

## .......... 1 2 3 4
5 (a) Description ofproperty (b) Cost (business use only) (e) Elected cost 6 

## TERMINALS 

## 102 660 102 660 COMPUTER EQUIPMENT 5 

## 444 5 444 7 Listed property. Enterthe amount from line 29 

### .. .. 

### .. .. 

### .. .. .. .. .. .. 

### .. .. 

## ........ I 7 8 Total elected cost ofsection 179 property. Add amounts in column (c), lines 6 and 7 8 9 Tentative deduction. Enterthe smaller of line 5 or line 8 

## ................................ 

# · 9 10 Carryover ofdisallowed deduction from line 13 ofyour 2007 Fonn 4562 

## ................ 

# · 10 11 Business income limitation. Enterthe smallerofbusiness income (not less than zero) or line 5 (see instructions) 11 12 Section 179 expense deduction. Add lines 9 and 10, but do not enter more than line 11 

## .................. 12 13 Carryover ofdisallowed deduction to 2009. Add lines 9 and 10, less line 12

### ~113 Note: Do not use Part II or Part III below for listed property. Instead, use Part V. 

### ! OMB No. 1545-0172 

# 2008 Attachment Sequence No. 

## 67 Identifying runIJer



## 38-3488505 250 000 122 023 800 000 0 250 1 

## 000



## 108,104 108 104 250 000 108 1 

## 104



## ... 

## fPartJLl Special De..Dreciation Allowance and Other DeDreciation (Do not include listed property.) (See instructions.) 14 Special depreciation allowance for qualified property (otherthan listed property) placed in service during the taxyear (see instructions) 

# ... . 14 

## 6 960 15 Property subjectto section 168(f)(1) election 

# . . 15 16 Otherdepreciation (including ACRS) 

# ... . · 16 

# L

PaJ1111 1 MACRS DeDreciation (Do not include listed property.) (See instructions.) Section A 17 MACRS deductions for assets placed in service in 

### tax years beginning before 2008



### _ 17

-l.-
___ 

# --1...t.537
. 18 Ifyou are electing to group any assets placed in service during the

### tax year into one or more general asset accounts, check here ••••••••••••••••••••••••••• •**~** Section 

### B - Assets Placed in Service During 2008 Tax Year Using the General Depreciation System (a) Classification of property (D) Month and (C, Basis for deprecation (d) Recovery (e) Convention (f) Method (g)Depreciation deduction year placed In (businessflnvestment use service only-see instructions) period



### ....... 19a 3-year property



### b 5-year property c 7-year property 

# i d 1O-year property i 

## 6 J 

## 959 

## 10 HY 

## 200 DB 

## 696 e 15-year property I i f 20-year property 

# , g 25-year property 25 yrs. S/L

--_ •••_> h Residential rental 27.5 yrs. MM SIL property I 27.5 yrs. MM SIL i Nonresidential real 39 yrs. MM SIL property MM SIL Section C - Assets Placed in ServIce During 2008 Tax Year USing the AlternatIVe DepreCIatIon System 

## , 20a Class life SIL



### b 12-year 12 yrs. SIL C 40-year 40 yrs. MM SIL 

## LEartIV ! SummarY (see instructions) 21 Listed property. Enter amount from line 28 ••••••••••••••••••••••••••• 21 22 Total. Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column (g), and line 21. Enter here and on the appropriate lines ofyour return. Partnerships and S corporati0rn_s_-_s,-ee_in_s_tr_.

____ -'--2_2--+

___ _ 

## .::1:...;5"-'--=10...: 9 ;;.,.:::3_ 23 For assets shown above and placed in service during the currentyear, enterthe portion ofthe basis attributable to section 263A costs For Paperwork Reduction Act Notice, see separate instructions. EEA Form "562 (2008)

## Application for Automatic Extension ofTime To File Certain Form 

# 7004 Business IncomeTax, Information, and Other Returns OMS No. 1545-0233 (Rev. December 2008)**~** File a separate application foreach return. Department of the Treasury Intemal Revenue Service**~** See separate instructions. Name Idenifying runber 

## Type or Print 

## MARCECO 

## LTD 38-3488505 File by the due Number

. s treet and room or surte no. (If P.O. box. see instructions.) date for the return for which 

## 3542 ROGER B 

## CHAFFEE SE an extension is City. town, state, and ZIP code (If a foreign address, enter city, prOVince or state, and country (follow the country's practice for entering requested. See postal code))

. instructions. 

### GRAND 

## RAPIDS MI 49548 Note. 

### See Instructions before completing 

### thiS fann 

# f!!rt'.- 'I Automatic S-Month Extension Complete if Filing Form 1065, 1041, or8804

1a Enter the form code for the return that this application is for (see below) 

# . • 1 i 

# 1 Application Form Application Form Is For: Code Is For: Code Form 1065 09**~~1** (estate) 04 .w

_ . Form88o.t 

### 31 Form 1041 (trust) 05**l!,~rt** II

. 

# I Automatic &-Month Extension Complete if Filing Other Forms

b Enterthe form code forthe return that this application is for (see below) 

# • 12 151 Application Form Application 

## I Form Is For: Code Is For: Code Form 706-GS(D) 01 Form 112O-PC 

### . - .

- .:- ---r-- 

### 21



## _ . .- FOrm

## ?06-GScTl

. ,:," 02 Form 1120-POL 22**"~** Form 1041-N 06 Form 112O-REIT 23 

# _._ ., _._----- .... Form 1041-QFT

.. : 07 Form 1120-RIC 24



### - .--. 

# -'08'

-- --::--'--

-

_ .- - Form 1042 Form 1120.8 " 

### 25



## . - Form 106.>& 10 Form 1120-SF 26



## - --"

..

# _-

..**-~** Form 1066 11**Form352~A** 27



### .. 

# I FOrm 1120 ." 

### 12 Form 8612 28 Form 1120-C 34 Form 

### 8613 

### 29 

### ;; 

# 15

--**~-- --.**  • __ .w ... Form 1120-F..•... " 

## '::.: Form 8725 30 Form 1120-FSC 16 

# - -**~Orm8831** 32 

# -

_

. ..---....

### _ . Form**112~H** 17 Form 8876 33

_ .**~**__ ••

__ ___ .r •..:..:..:..-

....**~**...

## - ....

### -.-.- -.--,- -.-

### ..

## - '-"'- - "'-'"**-- -.** **.** Form 1120-L 

### 18 Form 8924 

# - l

....

# :

. 35**oon112~D** 

### 19 Form 8928



# - - --_. - Form 1120-ND (section 4951 taxes) 20 

# ., 

# ,

.-**~**..**.** 2 Ifthe organization IS a foreign corporatton that does not have an office or place of bUSiness in the United States, check here • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •• ••••••••**.** 3 Ifthe organization is a corporation and is the common parent ofa group that intends to file a consolidated return, check here ••••••• • ••••••••••••••••..•••••••••••••••••••••••• Ifchecked , attach a schedule, listing the name, address, and Employer Identification Number (EIN) for each member covered by this application

.

### [!~iii 

# i All Filers Must Complete This Part 

# ......**~**

4 

### Ifthe organization is a corporation or partnership that qualifies under Regulations section 1
.6081-5, check here

. . •• 5a The application is for calendar year 20 

### Q.[ ,or tax year beginning , 20 , and ending

_____ ' 20

b Short

### tax year. Ifthis tax year is less than 12 months, check the reason: Initial return Final return Change in accounting period Consolidated return to be filed 

### 6 Tentative total tax • 

### 6 36



# o 7 Total payments and credits (see instructions) ••••••••••••••••••••••••••....• 7 

## 0**~-+--------------~** 8 Balance due

. Subtract line 7 from line 6. Generally. you must 

### depositthis amount using 

### the Electronic Federal Tax Payment System (EFTPS)

. a Federal Tax Deposit (FTO) Coupon. or Electronic FundsWithdrawal (EFW) (see instructions for exceptions) For Privacy Act and Paperwork Reduction Act Notice. see separate Instructions. 

### EEA 8 

# o Form 7004 (Rev. 12-2008)

# IRS e-file Signature Authorization OMS No

. 1545-1863 Form 

# 8879-5 for Form 1120S 

# 2008 For calendar year 2008
. or tax year beginning

. 2008. ending
. 20



# -- Department ofthe Treasury InternaJ Revenue Service**~** See instructions. Do notsendto

### the IRS. Keep foryour records. Name of corporation

# I~~=o~ MARCECO LTD**II** 

## Tax Return Information (VVtlole dollars only)

1 Gross receipts or sales less returns and allowances (Form 1120S, line 1 c) 1 

## 32 850 390 2 Gross profit (Form 1120S, line 3) 

## .................................... 2 

## 1 993 936 3 Ordinary business income (loss) (Form 1120S, line 21) 

# ............. 3 

## 337 927 4 Net rental real estate income (loss) (Form 1120S, Schedule K, line 2) 

### 4 

### 5 Income (loss) reconciliation (Form 1120S, Schedule K,line 18) •••• 

### 5 

## 229 823 !Part

# III Declaration and Sianature Authorization ofOfficer (Be sure to aet a CODY ofthe corDoration's return) Under penalties ofperjury, I dedare that I am an officer ofthe above corporation and that I have examined a copy ofthe corporatlon's 2008 electronic income tax return and accompanying schedules and statements and to the best of my knowledge and belief, it is true, correct. and complete. I further dedare that the amounts in Part I above are the amounts shown on the copy ofthe corporation's electronic income tax return. I consent to allow my electronic return originator (ERO) , transmitter, or intermediate service provider to send the corporation's return to the IRS and to receive from the IRS (al an acknowledgement of receipt or reason for rejection ofthe transmission, (b) an indication ofany refund offset, (c) the reason for any delay in processing the return or refund, and (d) the date ofany refund. Ifapplicable, I authorize the U.S. Treasury and its designated Financial Agent to initiate an electronic funds withdrawal (direct debit) entryto the financial institution account indicated in the tax preparation software for payment ofthe corporation's federal taxes owed on this return , and the financial institution to debit the entry to this account. To revoke a payment, I must contact the U.S. Treasury Financial Agent at 1.a88-353-4537 no laterthan 2 business days prior to the payment (settlement) date

. I also authorize the financial institutions involved in the processing ofthe electronic payment oftaxes to receive confidential information necessaryto answer inquiries and resolve issues related to the payment. I have selected a personal identification number (PIN) as my Signature for the corporation's electronic income tax return and, if applicable, the corporation's consent to electronic funds withdrawal. Officer's PIN: check one box

### only 

## X I authorize 

## MCDONALD AND ASSOCIATES PC to enter my PIN 

## ""8""8,,,,5,,,,0=5

___ as my signature ERO

## mn name dorotenter ..zeros on the corporation's 2008 electronically filed income tax return. As an officer ofthe corporation , Iwill enter my PIN as my signature on the corporation's 2008 electronically filed income tax return.
Officer's signature**~** ___________________ _ Date

### ~ 

## 2009-05-12 Title

### ~ 

## PRESIDENT 

# lfLrtJlLL i**--"C<..>e<..!.rt~ifi!..!.lc""'a...,t""io""'n"__"a!..!.n.>!.d..!:.A"'u** 

## .... t!..!.he""'n!..!.2t""ic""a,."t""io""n_'____

______________ __________ _ ERO's EFINlPIN. Enteryour six-digit EFIN followed byyourfive-digit self-selected PIN. 

## 38727400201 dorotenter ..zeros I certify that the above numeric entry is my PIN , which is my Signature on the 2008 electronically filed income tax return for the corporation indicated above. I confirm that I am submitting this return in accordance with the requirements of Pub. 3112, IRS e-file Application and Participation, and Pub. 4163, Modernized e-File (MeF) Information for Authorized IRS e-file Providers for Business Returns

.

ERO's Signature**~** ______ ______________________ _ Date**~** 

## 06-04-2009 ERO Must Retain This Form - See Instructions Do Not SubmitThis Form to the IRS Unless Requested To Do So For Paperwork Reduction Act Notice, see instructions. EEA Form 8879-5 (2008)

### " 

# I Federal Supporting Statements 

# 2008 PAGE 1 Name(s) as shown on retum FEIN 

## MARCECO LTD 38-3488505 FORM 1120S, SCHEDULE L, LINE 18 STATEMENT

### # 22 

## BEGINNING OF END OF DESCRIPTION TAX YEAR TAX YEAR 

## PAYROLL TAXES SALES TAX MERCANTILE LOC TOTALS:

PG01 FORM 1120S LINE 5 STATEMENT

### # 1


## DESCRIPTION AMOUNT 

## ADVERTISING CO OP 13,624 

## TOTAL 13,624

STATMENT.LD

# ·' 

# I Name(s) as shown on retum 

## MARCECO LTD

DESCRIPTION 

## ACCOUNTING 

# Federal Supporting Statements

FORM 1120S LINE 19



## AUTOMOBILE AND TRUCK EXPENSE BANK CHARGES COMMISSIONS COMPUTER CONSULTING DUES AND SUBSCRIPTIONS EDUCATION AND TRAINING EQUIPMENT RENTAL/LEASE GIFTS LIABILITY INSURANCE JANITORIAL LEGAL AND PROFESSIONAL MARKETING 50% MEALS AND ENTERTAINMENT MISCELLANEOUS OFFICE EXPENSE OUTSIDE SERVICES/SUB CONTRACTORS POSTAGE/SHIPPING SECURITY SOFTWARE SUPPLIES TELEPHONE TRAVEL UTILITIES SOFTWARE LEASE STAFF DEVELOPMENT TECHNICAL SUPPORT TOTAL

DESCRIPTION 

## FREIGHT PROCESSOR FEES TOTAL

STATMENT.LD 

## SCHEDULE A LINE 5 

# 2008 PG01 FEIN



## 38-3488505 STATEMENT

### # 2


### AMOUNT



## 3,355 28,439 26,280 627,603 1,873 875 1,200 450 1,159 3,595 5,556 3,360 2,490 1,195 5,812 790 17,359 248 32,856

1,870 6,894 3,059 42,111 12,518 12,718

8,591 1,986 240 854,482

PG01 STATEMENT

### # 5 

### AMOUNT 

## 26,060 41,439 67,499

# I Federal Supporting Statements 

# 2008 PGOl Name(s) as shown on return FEIN 

## MARCECO LTD 38-3488505 SCHEDULE M-2 LINE 5 STATEMENT

### # 30


## DESCRIPTION AMOUNT 

## SECTION 179 EXPENSE 108,104 NONDEDUCTIBLE EXPENSES 5,811 TOTAL 113,915

STATMENT.LDMichigan DepartmentofTreasury 4567 (Rev. 01-09) Page 1 

# 2008 MICHIGAN Business Tax Annual Return Check ifthis is an

.__ amended retum. Attach supporting documents. Issued under authonty of Public Act 36 of2007 MM-DD·YYYY MM-DD-YYYY 1. Return is for calendaryear 2008 orfor tax year beginning: 

# I I and ending: 

# I 2. Name (print or type) 7. Federal Employer Identification Number (FEIN) orTR Number



## MARCECO LTD 38-3488505 Doing Business As (DBA) 8. Organization Type
Street Address**~ ~**  C Corporation I**~** Individual -.- LLC C Corpcration

3542 

## ROGER B 

## CHAFFEE SE City 

# I State ZIP Code 

# I Country Code**~ ~** --- S Corporation I

--- Fiduciary 

### X LLC S Corporation 

## GRAND RAPIDS MI 49548



## -- 3. Principal Business Activity 4. Business Start Date in Michigan ._ _ Partnership I LLC Partnership



## SALES 09-01-1999 5. NAICS (North Amercan Industry Classification System) Code 6. If Discontinued, Effective Date 9. Check ifFiling Michigan Unitary Business Group Return. '-- 454210 (Attach Form 4580.) 10. SpeCial Computations
a.**~** Check ifyou have sales receipts from transportation services Check if Fiscal Filer using the AmuaI Method (Tax Year e. ._ 2008 only) and complete 10fthrough 1Oh. AoPOrtionment Calculation b. Michigan Sales 

# · 29956182 00 f. Number ofmonths in MBTtax perod 

# ":§
c. Total Sales 

# .. · 32864014 00 g. Total months in 2007-08federal tax year d. Apportionment %. Divide line (b) by line (c) 

# · 91.1519 % h. Proration %. Divide line (I) by line (g) 

## PART 1: MODIFIED GROSS RECEIPTS TAX

11. Gross Receipts (see instructions) • • • • • • • • • • • • • • • • • • • • •••••••••••••• 11·1 328640141001 L-

____**~~~~~~** 12. Subtractions (see instructions) a. Inventory acquired during tax year ••••••••••••••••• 12a b. Depreciable assets acquired during tax year· • • • • • • • • • • • • 12b. c. Materials & supplies not induded in inventory or depreciable property 12c. d. Staffing Company: Compensation of personnel supplied to customers 12d. e. Deduction for contractors in SIC Codes 15, 16 

### & 17 (see instructions) f. Miscellaneous (see instructions) 12e. 12f. 31016362 00 122023 00 3059 00 00 00 00 13. Total Subtractions. Add lines 12a through 12f • • • • • • • • • • • • •• 13. 1 311414441 00 I 14. a. Modified Gross Receipts. Subtract line 13from line 11. If less than zero, enterzero 14a·1 1 7 2 2 5 7

# ° I 00 I '--

__ --'''-=-=--''-'''--''-''--''"---.J b. Ifbox 10e checked, multiply line 14a by percentage on line 1Oh. All others, enter amount from line 14a • 14b. f--

__ --=1'-..!.7...,,2...,,2=5...!..7=0f----1 15. '--

__ -=1=5:...:.7...><0-=1=5=5L......-' 15. Apportioned Modified Gross Receipts Tax Base. Multiply line 14b by percentage**0;...n~lin....:e....:1_0_d** _____ 

### r-, 16. a. Single Business Tax business loss carryforward • • • • 16a.I'--

________ ILo_0..J1 b. Multiply line 16a by 65% (0.65) •••••••••••• 16b 00 17. Subtract line 16b from line 15. If less than zero, enter zero 18. Multiply line 17 by .8% (0.008) •••••••••••••• 19. Enrichment Prohibition for dealer of new motorvehicles or personal watercraft. Enter amount collected during tax year 20. 

### Modified Gross Receipts Tax Before All Credits. Enter the greater of line 18 or line 19 17. 18. 19. 20. 1570155 00 12561 00 00 12561 00 

## PART 2: BUSINESS INCOME TAX

21. Business Income. (Ifbusiness activity protected under PL 86-272, complete and attach Form 4586. See instr.) 21·1 236087/ 00

# I L-
________**~~~~~~** 22. Additions to Income. (See instructions.) a. Interest income and dividends derived from obligations or securities ofstates other than Michigan b. Taxes on or measured by net income •••••••••• c. Tax imposed under MBT ••••••••.••••••• d. Any carryback orcarryover ofa federal net operating loss 

### e. Losses attributable to other taxable flow-through 

### entities· Account No.

l....1
________________ ....J 

### f. Royalty. interest and other expenses paid to a related person 23. Total Additions to Income. Add lines 22a through 22f ••••• 24. Business Income Tax Base After Additions. Add lines 21 and 23



# + 1024 2008 11 01 27 0 22a. 22b. 22c. 22d. 22e. 3810 00 00 00 00 00 22f. 1'-

_____ -'-1

0--,01 23.jl--

______ -=3=8=1=QI-- 0 -j0

# I 24.

L.....
____ ....c2=-3=-98=-=.9..:..J71_0----'o Continue and sign on Page 2.Form 4567, Page 2 

## PART 2: BUSINESS INCOME TAX (Cont.)

25. Subtractions From Income. (See instructions.) a. Dividends and royalties received from persons otherthan United States persons and foreign operating entities b. Income attributable to othertaxable flow-through entities

Account No. 

# I**~----------------------------------~** c. Interest income derived from United States obligations d. Net eamings from self-employment. If less than zero, enterzero FEIN orTR Number 

# I 38-3488505

# ~:::I t---

# ---t---il ::1

26. Total subtractions from income. Add lines 25a through 25d ••••

# ~:~:**~I ==============J~=~~~**  I • • • • • • • • • • • • • • 26.1 1001 27a·1 2398971001 '--------'--' 27. a. Business Income Tax Base. Subtract line 26 from line 24**~------~~~~~~** b. If box 10e checked, multiply line 27a by percentage on line 1Oh. All others, enter amount from line 27a 27b 28. Apportioned Business Income Tax Base. Multiply line 27b by percentage on line 10d •••••••••• 28. 29. Available MBT business loss carryforward from previous period MBT retum. Enter as a positive number· 29. 30. a. Subtract line 29 from line 28. If negative, enter here as a negative numberand skip to line 31. This is the available business loss carryforward to the nextfiling period (see instrs). Otherwise, go to line 30b 30a. b. Ifline 30a is positive, enterthe qualified affordable housing deduction (see instructions) 30b. c. Subtract line 30b from line 30a. Ifless than zero, enter zero ••••••••••••• 30c. 31. Business IncomeTax BeforeAll Credits. Multiply line 30a or 30c, whichever applies, by 4.95% (0.0495). If less than zero, enterzero 31. 

## PART 3: TOTAL MICHIGAN BUSINESS TAX

32. Total Michigan Business Tax Before Surcharge and Credits. Add lines 20 and 31 32. 33. Annual Surcharge. Enter the lesserof$6,000,000 or line 32 multiplied by 21.99% (0.2199) 33. 34. Total liability BeforeAll Credits. Add lines 32 and 33 ••••••••••••••••• 34. 35. Nonrefundable credits from Form 4568, line 36 • • • • • • • • • • • • • • • • • • • • • 35. 36. Total Tax After Nonrefundable Credits. Subtract line 35 from line 34. If less than zero, enterzero 36. 37. Recapture ofCertain Business Tax Credits and Deductions from Form 4587, line 10 37. 38. Total Tax Liability. Add lines 36 and 37 ••••••••••••••••••• 38. 

## PART 4: PAYMENTS, REFUNDABLE CREDITS AND TAX DUE

39. Overpayment credited from prior retum (SBT or MBT) 39. 40. Estimated tax payments • • • • • • • • • • 41. Tax paid with request for extension 42. Refundable credits from Form 4574, line 23 40. 41. 42. 00 3810 00 00 00 239897 00 218671 00 00
218671 00 00 218671 00

10824 00 2338C; 00

5142 00 28527 00

401'; 00 24515 00 00 24515 00

43. Total. Add lines 39 through 42. (Then, ifnot amending, skip to line 45.) 43·1 381

# d00

# I**~~::~I --------------+I-~o~ol** **~--------~~~~~** AMENDED a. Payment made with the original retum •••••••• 44. RETURN b. Overpayment received on the Original retum ONLY c. Add lines 43 and 44a and subtract line 44b from the sum 45. TAX DUE. Subtract line 43 (or line 44c, Ifamending) from line 38. Ifzero or less than zero, leave blank 44c. 45. 46. Underpaid estimate penalty and interest from Form 4582, line 38 ••••••••• •••••••• 46. 47. Annual retum penalty 

# I Iold 

# = 

# I 1 00

# Iplus interest ofl 

# 1 00

# I. Entertotal 47. 48. PAYMENT DUE. If line 45 is blank, go to line 49. Otherwise, add lines 45 through 47 •••••••••• 48. 00 2070C; 00

446E 00 00 25171 00 

## PART 5: REFUND OR CREDIT FORWARD

49. Overpayment Subtract lines 38. 46 and 47 from line 43 (or line Me. ifamending). Ifless than zero. leave blank 50. CREDIT FORWARD. Amount ofoverpayment on line 49 to be credited forward 51. REFUND. Amount ofoverpayment on line 49 to be refunded ••••••••

# :::Ir--------------~I-~~:I L-

________________**~~** Taxpayer Certification. I declare under penalty of perjury thatthe information in this PreparerCertification. I declare under penalty of**pe~ury** that this return and attachments is true and complete to the best of my knowledge. return is based on all information ofwhich I have any knowledge. 

## X, By checking this box, I authorize Treasury to discuss my return wrth my preparer. Preparer's pnN, FEIN or SSN Taxpayer Signature Ip00531251 Preparers Business Name (pnnt ortype) 

## MCDONALD AND ASSOCIATES PC Taxpayer Name (print or type) 

# I: Date Preparer's BUSiness Address and Telephone Number (print or type) 

## DAVE DENHERDER 2009-05-12 2156 

## PLAINFIELD AVE NE Title 

# I Telephone Number 

## GRAND RAPIDS, MI 49505 

## PRESIDENT 616-447-8639 Return is due April 30 oron or beforethe lastday ofthe 4th 

### month afterthe close of

### thetaxyear. \MTHOUT PAYMENT. Mail return to:

Michigan Department ofTreasury, P.O, Box 30783, Lansing, MI46909 

# + 1024 2008 11 02 27 8 \MTH PAYMENT. Pay amount on line 48. Mall check and retum to: Michigan Department of Treasury, P,O. Box 30113, Lansing, MI 48909 Make check payable to "State of Michigan." Print the FEIN orTR Number and "MBT" on the front ofthe check. Do not staple the check to the return. 

## IMichigan Department of Treasury 4568 (Rev. 01-09), Page 1 

# 2008 MICHIGAN Business Tax Nonrefundable Credits Summary Issued under authority of Public Act 36 of 2007. 

## CECO LTD Attachment 02

1. Tax before all credits from Fonn 4567, line 34, or Fonn 4590, line 25 ",',' , , , , , , , , , , , , , , 

### 1. 

### f--

____ -"2c.>S"-'5""-"'2c..'7'+-0-j0 2. SBT credit carryforwards from Fonn 4569, line 35 """ 3. Tax After SBT credit carryforwards. Subtract line 2from line 1. If less than zero, enter zero "",,""""'" , , , , , , , ••••••• , 2. 

### 3.1 2s5271001 '---

______ 1...-.-l



### 00

4. a. Compensation and InvestmentTax Creditfrom Fonn 4570, line 34 , • , , , , , '4a. 4012 00 b. If Fonn 4570, line 28, is negative, enter here as a negative number. Otherwise, leave blank •••••• , 4b. 00 5. Research and Development Credit from Fonn 4570, line 41 ' •• , 

### • , • , , , , • , • , , , , , 5. 001 6. Tax After Research and Development Credit Subtract lines 4a, 4b and 5 from line 3. Cannot be less than zero 6. L 

# I

___

# ~2~4~5~1~5~1_00~1 

# ::1 r----

# --t---II ::1 7. Small Business Alternative Tax Credit from Fonn 4571, line 11 or 17, whichever applies 8. Gross Receipts Filing Threshold Credit from Fonn 4571, line 25 • , , 9. Tax After Gross Receipts Filing Threshold Credit Subtract lines 7 and 8 from line 6. Cannot be less than zero 10. Community or Education Foundation Credit from Fonn 4572, line 5 11. Homeless Shelter/Food Bank Credit from Fonn 4572, line 9 ••• , 12. Tax After Homeless ShelterlFood Bank Credit Subtract lines 10 and 11 from line 9. Ifless than zero, enter zero "" 9. LI

___

# ------'2'"-4~5"'_'1=..:5""-1_0___'0I



# ::::::::::::::**:::.~I::I**
• 12. LI

___

# ~2,,-4=-:5~1~5~1_00~1 13. NASCAR Speedway Credit from Fonn 4573, line 3 ",.".,',., ·13. 00 14. Stadium Credit from Fonn 4573, line 6 •••• , • , , , ••• , , • , • , •• , , • , • , , , , ••• , , , 14. 00 15. Start-up Business Credit from Fonn 4573, line 9. Ifless than zero, enter as a negative number ", ••• , 15. 00 16. Tax After Start-up Business Credit Subtract lines 13, 14 and 15 from 

# I I I line 12. Ifless than zero, enterzero ",',.,"".,',. ,16. 2451500

17. Public Contribution Credit from Fonn 4572, line 14, " .' " .' .' .' .' .' ••••••• ' " .' .' .' .' .' .' .' .' .' .' .' .' .' 118 7

..

# ~---------t-oOo-j01 18. Arts and Culture Creditfrom Fonn 4572, line 19
_ _ . ·19. 

# I 245151 Dol 19. Tax After Arts and Culture Credit Subtract lines 17 and 18 from line 16. Cannot be less than zero 20. Next Energy Business Activity Credit from Fonn 4573, line 12 • • • • • • . ·20 00 21. Renaissance Zone Credit from Fonn 4573, line 14 •••• , •••••••••••••••••••••••• 21. 00 22. Historic Preservation Credit from Fonn 4573, line 21 •••• '.,"' ••••••••• ,',""" 22. 00 23. Low Grade Hematite Creditfrom Fonn 4573, line 27 ,,", ••• ,' •• , ••• ,.,,',.,",'23. 00 24. Entrepreneurial Credit from Fonn 4573, line 34 ' , , •. , • , , •••••• , • , •••••..•••••• 24. 00 

# + 1024 200S 15 01 27 2 Continue on Page 2.4568, Page 2 

### FEIN or TR Number 

# I 38-3488505

25. New MotorVehicle Dealer Inventory Credit from Form 4573, line 38 • • • • • • • • • • • . . • • • • • • • • 25 00 26. Large Food Retailer Credit from Form 4573, line 42 ••••••••••••••••••••••••••••• 26 00 27. Mid-size Food Retailer Credit from Form 4573, line 46 •••••••••••••••••••••••• 27 00 28. Bottle Deposit Administration Credit from Form 4573, line 50 ••••••••••••••••••••••• 28 00 29. Anchor Company Taxable Value Credit from Form 4573, line 52 •••••••••••••••••••••• 29 00 30. Anchor Company Payroll Credit from Form 4573, line 54 •••••••••••••••••••••••••• 30 00 31. MEGA Federal Contract Credit from Form 4573, line 56 • • • • • • • • • • • • • • • • • • • • • • • •• ·31 00 32. Individual or Family Development Account Creditfrom Form 4573, line 58 •••••••••••••••••• 32 00 33. Brownfield Redevelopment Credit from Form 4573, line 60 ••••••••••••••••••••••••• 33. 00 34. Private Equity Fund Credit from Form 4573, line 65 • • • • • • • • • • • • • • • • • • • • • • • • • • • • • 34. 00 35. Film Job Training Credit from Form 4573, line 70 • • • • • • • • • • • • • • • • • • • • • • • • • • • • • . 35. 00 36. Film Infrastructure Credit from Form 4573, line 76 ••••••••••••••••••••••••• • 36. 00 37. Total Nonrefundable Credits. Add lines 2, 4a, 4b, 5, 7, 8, 10, 11,13,14,15,17,18, and 20 through 36. Entertotal here and carry total to Form 4567, line 35, or Form 4590, line 26 •**~._.**

### _._._. _._. ____**~~.** 

### 37. 

# .,.1 245151,,1 38. Tax After Nonrefundable Credits. Subtract line 37 from line 1. Ifless than zero, enterzero. (This line must be equal to Form 4567, line 36, or Form 4590, line 27.) •••••••••••••••••••••• 

## 4012 00



# + 1024 2008 15 02 27 0Michigan Department ofTreasury 4570 (Rev, 01-09), Page 1 

# 2008 MICHIGAN Business Tax Credits for Compensation, Investment, and Research and Development Issued under authority of Public Act 36 of 2007,

Name 

## MARCECO LTD Attachment 04

3 -3488505 1. Tax liability prior to this credit from Form 4568, line 3 ••••••••••••• •••••••••• 1·1 285271001 L-
________**-=~~~~** 

## PART 1: COMPENSATION CREDIT. If not daiming this credit, go to Part 2, 2. Michigan Compensation •••••••••••••••••••••••••• 3. Multiply 

### line 2 by 

### 0.296% (0.00296) (For tax year ending in 2009, see instructions.) 

## PART 2: INVESTMENT TAX CREDIT Read instructions to ensure eligibility before daiming this credit. If not daiming this credit, carry amountfrom line 3 to line 29, 

## Capital Investments 4. Enterall eligible depreciable tangible assets located in Michigan that were acquired during the tax year. A 

### B C Date Acquired Description City (MM-DD-YYYY) 

## TERMINALS MICHIGAN 06-30-2008 

## COMPUTERS MICHIGAN 03-15-2008 

## LEASEHOLD IMPROVEMEN MICHIGAN 12-31-2008

5, Total ofcolumn 40 .. 

# . .. 

## .. .. .. .. .. .. .. .. 

### .. .. .. .. .. 

# . . 

# . . .. .. 

### .. .. 

## .. .. 

# .. . . 

# .. . . . .. .. 

### .. .. .. .. 5 . 6. Enter all eligible depreCiable tangible assets purchased or acqUired for use outside of Michigan In 

### a tax year beginning after December 31 2007 that were transferred into Michigan during the tax year A 

### B C Date Physically Located in Michigan Description City (MM-DO-YYYY)



### 7. Total ofcolumn 60 

# . . 

# . 7. 8 Enter all eligible depreciable mobiletangible assets thatwere acqUired dunng the tax year A 

### B C Date Acquired Description State (MM-DO-YYYY)



### 9. Total of column 80 

# . 

# . . .. · . 

# . .. 9. 10. MobileTangible

### Assets. Ifsubjectto apportionment, multiply line 9 by the percentage from Form 4567, line 10d. Ifnot subjectto apportionment, enter amount from line 9 

# . · . ·10. 11. Total Capital Investments. Add lines 5, 7 and 10 

# . 

# · . . • 11. 

### 0 Cost Paid or Accrued

During Tax Year 

### 102660 4387 13919 120966100


### 0 Federal Adjusted Basis

as of Date Moved



### 100 

### 0 Cost Paid or Accrued

During Tax Year



### 00 00
120966 00 12. Entertotal cost paid or accrued ofall depreciable real and personal property located everywhere that 

# I I I
was acquired during the tax year (authorized under MCl 208.1513(3» ••••••••••••••••••• 12. L,

________________ 

### -'-_00-' LINE 12 IS FOR STATISTICAL PURPOSES ONLY AND SHOULD NOT BE USED IN ANY CALCULATION ON THIS FORM.



# + 1024 2008 23 01 27 5 Continue on Page 2,4570, Page 2 

### FEIN orTR Number 

# I 38-3488505 Recapture ofCapital Investments 13. Enterall eligible depreciable tangible assets located in Michigan that were acquired or moved into Michigan after acquisition in a tax year beginning after December 31 2007 and were sold or otherwise disposed ofduring the tax year C. Date Acquired D. Date Sold A. Description B. City (MM-DD-VYYY) (MM-DD-VYYY) E. Gross Sales Price F. GainlLoss



### 14. Total columns 13E and 13F. A loss on 14Fwill increase recapture • ••••••••• 14. 15. Adjusted Proceeds. Ifline 14F is a gain, subtract it from line 14E. Ifline 14F is a loss, add it to 14E •••• ·15. 

### Iftaxable In 

### anotherstate, complete hnes 16 and 17; othel'WlSe, goto hne 18. 100 16. Apportioned gains (losses). Multiply line 14F bythe percentage from Form 4567, line 10d· • • • • • • • • • • 16'1 

# I 0000 1 17. Apportioned Adjusted Proceeds. Ifline 16 is a gain, subtract it from line 14E. Ifline 16 is a loss, add it to 14E 17.

# ~=================~.**=~.** 18. Enterall eligible depreciable mobile tangible assets acquired in a 

### tax year beginning after December 31,2007, that were sold or otherwise disposed ofduring the tax year. C. Date Acquired D. Date Sold A. Description B. State (MM-DD-VYYY) (MM-DD-VYYY) E. Gross Sales Price



### 19. Total columns 18E and 18F. A loss on 19Fwill increase recapture •••••••••• 19. 20. Adjusted Proceeds. Ifline 19F is a gain, subtract it from 19E. Ifline 19F is a loss, add it to 19E ••••••• ·20. 

### Iftaxable inanotherstate, complete hne 21; otherwise, goto line 22. F. GainlLoss 

## j 00 21. Apportioned Adjusted Proceeds. Multiply line 20 by percentage from Form 4567, line 10d ··········21. LI

________ .LI-=-o,:.jol 

### 22. Enterall eligible depreciable tangible assets other than mobile property acquired in 

### tax years beginning after December 31,2007, that were eligible forthe InvestmentTax Credit in tax years beginning after December 31,2007, and were transferred outside Michigan during the tax year. C. Date Acquired A. Description B. City (MM-DD-YYYY)



### 23. Total ofcolumn 22E 

# . . 

# . . . . 24. Recapture of

### Capital Investments. Add lines 15,20, and 23. Or, iftaxable in another state, add lines 17, 21, and 23 

# . . 

# . Net Capital Investments 25. NetMBT Capital Investment. Subtract line 24 from line 11 ••••••.•••• 26. Multiplyline 25 

### by 2.32% (0.0232) 

### (Fortax year ending in 2009, see instructions.) 27. Net Recapture Amountfrom Single Business Tax Assets from Form 4585, line 7 • 28. Subtract line 27 from line 26. Ifnegative, carry amount to Form 4568, line 4b 

## PART 3: REDUCED COMPENSATION AND INVESTMENT TAX CREDITS 29. Add lines 3 and 28. 

### Ifline 28 is negative, enteramount from line 3 30. Tax Before Surcharge from Form 4567, line 32, or Form 4590, line 23 31. Total SBT credit carryforward from Form 4569, line 35 ••••••• D. Date Transferred (MM-DD-VYYY)



# .

. ·23. ·24. ·25. ·26. 

### ·27. ·28. ·29. ·30. ·31. 32. Subtract line 31 from line 30. Ifless than zero, enterzero •••••• • 32. 33. Multiply line 32 by 50% (0.5) (For 

### tax year ending in 2009, see instructions.) • 33. 34. Allowable 

### Credit. Enter lesser of line 29 or line 33. Carry amountto Form 4568, line 4a (see instructions) 

### 34. 35. Ifline 28 is negative, enter amount from line 28 as a positive number ••••••••••••• • 35. 36. Tax After Compensation and Investment Tax Credit. Subtract line 

### 34 from line 1 and add line 35 • 36. 

## PART 4: RESEARCH AND DEVELOPMENT CREDIT 37. Research and development expenses in Michigan ••••••••••. 38. Multiply line 37 by 1.52% (0.0152) (Fortax year ending in 2009, see instructions.) 39. Multiply line 32 by 65% (0.65) ••••••••••••••••••••••••• ·37. ·38. ·39. 40. Ceiling for Research and Development Credit Subtract line 

### 34 from line 39 ••• • 40. 41. Research and Development

### Credit. Enterthe lesser ofline 38 or line 40. Carry amount to Form 4568, line 5 41. 42. Tax after Research and Development Credit Subtract line 41 from line 36. (This line must be equal to Form 4568, line 6) ••••••••••••••••••••••••••••••• 42.



# + 1024 2008 23 02 27 3 E. Federal Adjusted Basis



### 00 00 

## 120966 00 

## 280E 00 00 

## 280E 00 

## 40P 00 

## 23385 00 00 

## 23385 00 

## 1169'" 00



## 4012 00 00 

## 2451S 00 00 00 00 00 00 

## 2451.S 00Michigan Department of Treasury 4577 (Rev. 11-08). Page 1 

# 2008 MICHIGAN Business Tax Schedule of Shareholders and Officers For all corporations claiming the Small Business Alternative Credit Issued under authority of Public Act 36 of 2007 

### Attachment07

Taxpayer Name (If Unitary Business GrouP. Name of Designated Member) Federal Employer Identification Number (FEIN) orTR Number 

## MARCECO LTD 38-3488505 Unitary Business Groups Only: Name ofUnitary Business Group Member Reporting on This Form Federal Employer Identification Number (FEIN) orTR Number 

### PART 1: SHAREHOLDERS AND OFFICERS. See instructions. 

### 1. A 

### B 

# I c 0 E F 

### G Name ofshareholder (induding corporation. trust, orpartnership) FEIN or Check % Stock with**~** Stockfrom Col. F less Member Officer. orfamily member receiving compensation from the Social Security Number (X) ifar % Stock attribution any attribution between Number business (Last. First. Middle) of Shareholder or Officer officer directly owned (See instructions.) two active shareholders 

## 1 DAVE DENHERDER 20.0000 % I 

### 0/0 

## 20.0000 % 

## 2 MARK 

## DENHERDER 30.0000 % %, 

## 30.0000 % 

## 3 RUTH DENHERDER 30.0000 % i% 

## 30.0000. % 

## 4 JAMAL 

## AOEL 20.0000 % 

## I %i 

## 20.0000 % 

### % % % 

### % % % % %1 % 

### % 1% %1 

### % 1% ,% 

### % i% % % 1%, % 

### % % % Percent of stock (noilisted above) owned by shareholders who own less than 10% and neceive no compensation: 

### % Total: 

### 100 % Continue below using 

### the same Member Number references from column A. H 

### I 

### J K 

# LIM 

# I N Dividends Total compensation & director 

# I Member (used to determine Salaries. wages Employee insurance fees for officers &lor share- Share ofbusiness incomenoss : Tatal shareholder/officer Number active shareholders) and/or directorfees plans. pensions. etc. holders. Add columns J & K (See instructions.) 

## iincome. Add columns l & M. 

## 1 30000 30000 47217 

# I 77217 2 26891 26891 70826 

# I 97717 3 2426 2426 , 

## 70826 , 

## 73252 ! I 

## 4 47217 I 

## 47217 ! ! 

## I 

# I ! f 

# I 

# ! t I



# .. .. Ifmore space IS 

### needed, attach 

### additional4577 fonns. Identifytaxpayer 

### &complete Part 1 

### &Part 2 on each additionalform. (See Instuctions.)



# + 1024 2008 47 01 27 5 Continue on Page 2.Form 4577, Page 2 FEIN orTR Number

# ~~3~8L-~324~8~8L>5~0~5>L- ____ ---1 UBG Member FEIN orTR Number L

_____________ _ 

## PART 2: LIST OF FAMILY MEMBERS AND THEIR CORRESPONDING RELATIONSHIP TYPE USing the same Member Number references from Part 1, indicate your attributable family relationship (ifany) to each shareholder. (An attributable family relationship is defined as either a spouse, parent, child or grandchild.)
• Ifan attributable family relationship exists, designate in columns P through S • If no attributable family relationship exists, check box in column T.
2. 

### 0 P Q R 

### 5 Member Number Spouse Parent Child Grandchild



## 1 

## 2 3 4



## PART 3: SMALL BUSINESS ALTERNATIVE CREDIT - See definition ofactive shareholder in the instruction booklet 3. Compensation and directorfees ofactive shareholders. Add amounts in column L for each active shareholder. Enter here and on F0ffi14571, line 6, or4583, line 12 •••••••••••••• 4. Compensation and directorfees ofofficers. Add amounts in column L for each officerwho is not an active shareholder. Enter here and on Form 4571, line 7, or4583, line 13 •••••••••



# + 1024 2008 47 02 27 3 3. 4. T Check (X) if No Attributable RelationshipMichigan Department ofTreasury 4582 (Rev. 11-08), Page 1 Attachment 16 

# 2008 MICHIGAN Business Tax Penalty and Interest Computation for Underpaid Estimated Tax Issued under authority of Public Act 36 of 2007. Name 

## MARCECO LTD PART 1: ESTIMATED TAX REQUIRED 1. Annual taxfrom Form 4567, line 38, or Form 4583, line 21, or Form 4588, line 44, or Form 4590, line 29 2. Recuired estimate amount Enter 85% (0.85) of line 1 SeeM3T insIrudionbookletfa'e>a:epIions to penaltyand

## ~**com~-rliE** PAYMENT DUE DATES (MM-DD-YYYY) 4. Divide amount on line 2 by4, or by the number of quarterly returns recuired. Ifannualizing, enterthe amount from Annualization Worksheet, line 70, page 2 CAUTION: Complete lines5 -13onecobnn ata Ii1Ie 5. Prioryear overpayment used on quarterly return 6. Amount paid on quarterly return or SUW retum (see instr.) 7. Enter amount, if any, from line 13 of the previous column 8. Add lines 5, 6 and 7 9. Add amounts on lines 11 and 12 ofthe previous column and enterthe resutt here • • • • • • • • • • • • 10. Subtract line 9from line 8. If less than zero, enter zero. 3

• • • • •• 4
5 6 7 8
9
For column A only, enterthe amount from line 8 • •••••• 10 11. Remaining underpaymentfrom previous period. If amount on line 10 is zero, subtract line 8 from line 9 and enter resutt here. OtherNise, enter zero 12. If line 4 is greater than or equal to line 10, subtract line 10 from line 4 and enter**~** here. Then go to line 6 ofthe next column. Otherwise, go to line 13 • ••••• 11

• ••••• 12 13. If line 10 is larger than line 4, subtract line 4 from line 10 and enter**~** here. Then go to line 7 ofnext column • •••••• 13 

## PART 2: FIGURING INTEREST

14. TOTAL UNDERPAYMENT. Add lines 11 and 12 ••••••••• 14 15. Enter due date for the next quarter or date tax was paid, whichever is earlier. In column D, enter the due date forthe A 

## .04-15-2008 5210

960 

# XXXXX 960 

# XXXXX 960 

# XXXXX 4250

A 

## 4250

annual retum or date tax was paid, whichever is earlier •••••• 15

## ,04-30-2008 16. Number of days from the due date ofthe quarter to the date on line 15 16 

## 15 17. No, of days on line 16 after 04-15-08 and before 07-01-08 17 

## 15 18. No. ofdays on line 16 after 06-30-08 and before 01-01-09 18 19. No. ofdays on line 16 after 12-31-08 and before 07-01-09 19 20. No. ofdays on line 16 after 06-30-09 and before 01-01-10 20 21. Number ofdays on line 17 x 9.2% (0.092) x line 14 365 21 

## 16 22. Numberofdays on line 18x 7.9% (0,079) x line 14 365 22 23. Numberofdays on line 19x 6.0% (0.060 x line 14 365 23 24. Numberof days on line 20x**~** x line 14 365 24 25. Underpayment of interest. Add lines 21 through 24 • •••••• 25 

## 16 26. InIereStDue. Add line 25 columns A through 0 and enterthe resuti here 

### .. 

# . .. 

# . .. .. 

### .. 

# . . . • Interest rate will be set at 1% above the adjusted prime rate forthis period. 

# + 1024 2008 63 01 27 1 Federal Employer Identification Number (FEIN) or TR Number 

## 38-3488505

B 

## 07-16-2008 5210 

# XXXXX 960 960 4250

3290 5210

B 

## 8500 06-30-2008 2 1.•

## !f-----_----'2"'--"'4-"'-'!51 4 

# 51-l

00

# I

. 208381 00 C 

### 0 

## 10-15-2008 01-15-2009 5210 5208 

# XXXXX XXXXX 960 930 960 930 8500 12750

7540 11820 5210 5208

C 

## I 0 

## 12750 17028 09-30-2008 12-31-2008

I 

## I 

# I
, , 

## i I I i 

# I



# ...... "' "' "' "' "' "' "' 

### .. 26. 

# I 

# Ie 00

Continue on Page 2.

# ..

4582, Page 2 FEIN orTR Numberl 

## 38-3488505 PART 3: FIGURING PENALTY A

27, Enter the amount from line 12 

## 4250 28, Payment due dates from line 3 (MM-DD-YYYY) 27 28

## ·04-15-2008 29, Annual retum due date or the date payment was made, whichever is earliel ............... .. 29 

## 104-30-2009 30, Numberofdays from date on line 28 to date on line 29 30 

## 380 31, If line 30 is greaterthan

# ° but less than 61, multiply line 27 by 5% (0,05) 31 32, If line 30 is greaterthan 50, but less than 91, muWply line 27 by 10% (0,10) 32 33, Ifline 30 is greaterthan 90, but less than 121, muniply line 27 by 15% (0,15) 33 34, If line 30 is greater than 120, but less than 151, multiply line 27 by 20% (0.20) 34, 35, If line 30 is greaterthan 150, multiply line 27 by25% (0,25) 35, 

## 1063 36, Add lines 31 through 35 36, 

## 1063 B 

### C 

## 5210 5210 07-16-2008 10-15-2008 04-30-2009 04-30-2009 288 197

1303 1303 1303 1303 37, Total Penalty, Add line 36, columns A through D 

### .. .. 

### .. 

### .. .. .. .. .. 

## .. .. .. .. .. 

### .. 

### .. 

## .......... 

# . .. 37, 38, Total Perdyand Interest. Add lines 26 and 37, Enter here and on Fonm 4567, lin Form 4588, line 52, or Fonm 4590, line 37 • • • • • • • • • • • • • • • •e 46, or Form 4583, line 29, or



## ........................ PART 4: ANNUALIZATION WORKSHEET FOR MODIFIED GROSS RECEIPTS AND BUSINESS INCOME TAXES (Iffiling Forms

## 4583,4588, or

## 4590, see instructions.) A • ••••••••••• 38,



### B C Complete worksheet if liability is not evenly distributed throughout year,

39, Gross receipts (GR) First 3 Months First 6 Months First 9 Months
40, Subtractions 41, Modified GR Subtract line 40from line 39 42, Appcrtionment percentage from Fonm 4567, line 10d 43, Apportioned GR Tax Base, Multiply line 41 by line 42 44, Single Business Tax business loss carryforward 45, Subtract line44 from line 43. Ifless than zero, enter zero 46, Muniply line 45 by 0,8% (0,008) • • • • • • • • • • 47, Enrichment Prohibition for dealer ofnew motor vehicles or boats 48, GR Tax Before Credits, Enterthe greater of lines 46 or47 49, Business Income (BI) 50, Additions 51. BI Tax Base, Add lines 49 and 50 52. Subtractions •••••••• 53, Modified BI Tax Base, Subtract line 52 from line 51 54, Apportioned BI Tax Base, Multiply line 53 by line 42 55, MBT business loss carryfOlWand; Affordable HOUSing Deduction 56, Subtract line 55 from line 54, If less than zero, enter zero 57, BI Tax Before Credits, Multiply line 56 by 4,95% (0,0495) 58, Total MBT Beifore Credits, Add lines 48 and 57 59, Annual Surcharge. Multiply line 58 by 21,99% (0,2199) (surcharge for the year should not exceed $6,000,000) 60, MBT (induding surcharge) Before Credits, Add lines 58 and 59 61 , Nonrefundable Credits 62. Subtract line 61 from line 50, If less than zero, enterzero 63, Recapture ofcertain MBT credits and deductions 64, Net Tax Liability, Add**~nes** 62 and 63 65. Annualization ratios ...."........ 66, Annualized tax. Multiply line 64 by line 65 67, Applicable percentage 68, Muttiply line 66 by line 67 69. Combined amounts of line 70 from all preceding columns 70, ESTIMATE REQlJIREMENTS BY QUARTER Subtract line 69from line 68, Ifless than zero, enter zero, Enter 39 40 41 42 43 44 46 46 47 48 49 50 51 52 53 54 55 56 57 58
59 60 61 62 63 64 65 66 67 68 69

here and on pege 1, nne 4 •••••••• 70, 

## 1%

4 21.25% XXXXX

NOTE: ToIals on line 70 must equal 85% ofthe current yeartax liabliity on page 1, line 1, 

# + 1024 2008 63 02 27 9 1% 1%

2 1.3333 42.5% 63.75% 

# I 0 

## 5208 01-15-2009 04-30-2009 10 c 

## 781 78 4450 00 4466 00

0 Full 12 Months



## 1 %



## 1 85%Michigan Department ofTreasury, Form 4700 (Rev, 01-09) FEIN orTR Number 

## 38-3488505 MARCECO LTD 

# Gross Receipts/Business Income Worksheets NOTE: Worksheets may not be all indusive to all taxpayers. There may be additions and/orexdusions that affect gross receipts for Michigan Business Tax purposes that are not reflected on federal forms. Limited Liability Companies should choose the appropriate worksheet based on theirfederal retum. Attach this Worksheetto your retum. WORKSHEET 1 INDIVIDUALS AND FIDUCIARIES Part 1: Gross Receipts

1, U.S. Form 1040, Schedule C or C-EZ gross receipts (net of retums) 2. U.S, Form 1040, Schedule C, other income • • • • • • •• •••••• 3, U.S. Form 1040, Schedule D, (a) short- and long-term sales price 4. U.S. Form 1040, Schedule E a. Part I, total rents received • b. Total royalties received 5. U.S. Form 4797, gross sales price, (a) business assets •••••••••• 6, Other receipts ••••••••••• 7 , Total gross receipts. Add lines 1through 6 Part 2: Business Income

8, 9, 10. 11. 12. 13.

14. 15, U.S, Form 1040, Schedule C or C-EZ, net profitiloss 

## .............................. U.S, Form 1040, Schedule D, gainlloss (b) U.S. Form 1040, Schedule E, line 22 rent and royalty incomelloss • • • • • • • • • U.S. Form 4797 gainlloss not induded in Schedule D •••• 

### .. 

### .. .. .. 

### .. 

## ............ Net bonus depreciation adjustment (c) • • Domestic Production Activities deduction based on IRC 199 reported on U.S. Form 8903, to the extent deducted from federal taxable income 

# . Other income • • • • • • • • • • • 

# . 

# .. Total business income. Add lines 8 through 14 

### .. .. 

## .. .. 

### .. .. .. 

### .. 

## .. .. 

### .. .. 

## ........ WORKSHEET 2 CORPORATIONS Part 1: Gross Receipts

1, U.S. Form 1120, line 1c ••••• 00 00 00 00 00 00 00 00

00 00 00 00 00

00 00 00

00 WORKSHEET 3 PARTNERSHIPS AND S CORPORATIONS Part 1: Gross Receipts

1. U.S. Form 1065 or U.S. Form 1120S a. Gross receipts (net of retums) • b. Other income/receipts • • • • • 2. U.S. Form 8825, gross income from real estate rentals •••••••• 3. U.S. Form 1065, or 1120S, Schedule D, (a short- and long-term sales price 4. U.S. Form 1065, or 1120S, Schedule K a. Gross other rental income •• . b. Interest, dividend, royalty income • c. Other income •••••••••• 5. U.S. Form 4797, gross sales price (a) business assets •••••••••• 6. Other receipts •••••••••• )

7. Total gross receipts. Add lines 1through 6 Part 2: Business Income 

## 32850390 13624

32864014

8. U.S. Form 1065, or 1120S Schedule K, Income (loss) a. Ordinary incomelloss •••••• b. Net real estate rental incomelloss c. Netother rental incomelloss • • • d. Interest, dividend, and royalty income e. Net short-term gainlloss • • 

### f. Net long-term gainlloss •••••• g. Other portfolio incomelloss h. Guaranteed payments to partners or

wages paid to a member ofa LLC Partnership •••••••••••• 

### i. Other net gainlloss under section 1231 j. Net bonus depreciation adjustment (c). k. Other income •••••••••••• 9. Total incomelloss. Add lines 8a through 8k 10. U.S. Form 1065 or 1120S, Schedule K, Deductions 

## 337927

6264 344191 00 00 00 00 00 00 00 00 00 00

00 00 00 00 00 00 00 00 00 00 00 00 

### ,---------r-, a. Charitable contributions ••••• • • 00 2. U.S. Form 1120, lines 4 through 7 00 3. U.S. Form 1120, line 10 ••••• 00 b. Section 179 expense •••••••• 

## 108104 00 4. U.S. Form 1120, Schedule D, (a) short- and long-term sales price c. Deductions related to portfolio income 00 00 5. U,S. Form 4797, gross sales price (a) 00 d. Other deductions (Do not indude deductions for domestic production activities (IRC 199» • • • • • • • • 00 6. Add lines 1through 5 • • • • • • • • 00 11. Total deductions. Add lines 10 through 10d 

## 108104 00 PART 2: Business Income 12, Total business income Subtract line 11

7. Federal taxable income from U.S, Form 1120 

# . . 00 from line 9 

## ............................ 

## 236087 8. Net bonus depreciation adjustment (c) • • 00 9. Domestic Production Activities deduction based on IRC 199 reported on U.S. Form 8903, to the extent deducted from federal taxable income 

## .............. 

# . . 

# . . . 00 10. Total business income. Add lines 7 through 9 ••• 

# . . ................ .. 

## .. .. .. 00 (a) See the Gross Receipts Checklist on Page 26 for detailed Information for these Items. (b) U.S. Forms 1040D and 4797: Report only gains or losses from assets used in a business activity. Do not indude personal gains and losses, (c) To compute the business income for MBT purposes, taxpayers who daimed a federal special depreciation under IRC 168(k) on property first placed in service in 2008 or later must calculate the net bonus depreciation adjustment on those assets as follows: Net bonus depreciation adjustment in tax year equals federal additional bonus depreciation claimed in tax year plus the amount ofdepreciation [other than bonus depreciation! that is allowed for federal tax purposes in the tax year less the amount ofdepreciation that is allowed for MBT purposes in the tax year. IMPORTANT: For the computation ofbusiness income, to the extentthat gain or loss is calculated on the sale ofa depreciable asset placed in service after December 31,2007, calculate and report as 

### if IRC 168(k) were not in effect. 1024 00

# ..

MINNESOTA. REVENUE 

# 5 Corporation Return 2008 M8 Tax year beginning 

## 01-01-2008 ,ending 

## 12-31-2008 Name ofcorporation



## MARCECO LTD Minnesota tax ID 

## 8904216 1121 

# I FederallD number



## 38-3488505 'M Current street address Former name, ifchanged since 2007 retum:

# ~:."**:~:::** 

## 3542 ROGER B 

## CHAFFEE SE City



## GRAND RAPIDS State Zip code 

## MI 49548 Number ofenclosed Schedules KS: 

## 4 

# I Numberof shareholders: 

## 4 Check all Final Composite Financial Qualified Subchapter S Subsidiary Qualified business partici- Initial that apply: retum income tax - institution pating in a JOBZ zone 

## .X retum S corporation taxes (check all that apply):

federal Schedule D taxes passive income**~-,** LIFO recapture 

### 1 , 

## 0**~--------------~** 2 Minimum fee from line 21 of M8A (see M8A instructions, page 9)· .2.;..' '

___________ 

## "'3"'0"-'0>L.,.. 3 Composite income taxfor nonresident shareholders • • • • • 

### 4 Minnesota income taxwithheld for nonresident shareholders. 

### .3



# ------------------- (enclose computation) (enclose M8A) (enclose Schedules KS) Ifyou received a Form AWC from a shareholder, check box: 

### 4 ' (enclose Forms AWC) 

### 5 Add lines 1 through 4 • • • • • • • • • • • • • • • • • • • • 

### . . . . . . . . . .. ·5 

## 300 6 Employertransit pass credit not passed through to shareholders,

limited to the sum of lines 1 and 2 above (enclose Schedule ETP) •••••••••••••• • 

### 6
_______________ _ 7 Subtract line 

### 6 from line 5 • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • 

### ·7 

## 300 -------"'-=- 8 Minnesota Endangered Resources Partnership donation (see

instructions, page 4). This will reduce your refund or increase your tax 

### .8
_______ _ 9 Add lines 7 and 8 • • • • • • • • • • • • • • • • • • • • • • • • • 

### • 9 

## 300 -------"'-=- 

### 10 Enterprise zone credit not passed through to shareholders (enclose Schedule EPC) 

### 11 Job Opportunity Building Zonejobs credit not passed through to shareholders (enclose Schedule JOBZ) • • 

### · 10

• 11 12 Credit fortuberculosis testing on cattle (see instructions, page 5) • 12 

### 13 Estimated tax and/or extension payments made for 2008 • • • • • 

### 13 14 Add lines 10 through 13 • • • • • • • • • • • • • • • • • • • • • 

### 14 

### 15 Tax due. 

### If line 9 is more than line 14, subtract line 14 from line 

### 9 • 15 16 Penalty (see instructions, page 5) ••••••••••••••••••••••••••••••••• 

### 16 17 Interest (see instructions, page 5) ••••••••••••••••••••••••••••••••• 

### 17 

### 18 Charge for underpaying estimated tax (enclose Schedule EST) • • • • • • • • • • • • • • • • • 

### 18 19 AMOUNT DUE. Ifyou entered an amount on line 15, add lines 15 through 18. Check payment method: 

## X check (enclose PV40), or 

### 20 Overpayment. Ifline 14 is more than the sum oflines 9 and 18, subtract line 

### 9 and line 18 from line 14 •••• 21 

### Ifyou are paying estimated tax for 2009, enterthe electronic (see options, page 2) • 19



### ·**20~**

### __________**~0_** amount from line 20 you want applied to it, 

### ifany • • • • • • • • • • • 21 :::; 

## 0 "-'---------"<-- 22 REFUND. Subtract line 21 from line 20 • • • • • • • • • • • • • • • • • • • • • • • • • 22 23 To have your refund direct deposited, enterthe following. Otherwise, you will receive a check. 

# o 300 

# o o o 300



# o

Accounttype: Routing number ,....A..:.cco.:.,:..:u_n..:,.t _nu..:.m-,--:.be..:.ry--,....--,

__,---.. __.--.,-__

## .-----.---r_.--.,-__.-----, Checking Savings 

# L!--"-I---,-I--.LI---LI---l-.---.I...........L----l---!! IL--"---'---L---I---'

__L-L-...L--L-...--'--'--'---"---'---L--L---! Signature ofofficer Date Daytime phone 

## 06-04-2009 Print name of officer E-mail addressfor cooespondence, ifdesired
Paid preparer's signature Date Daytime phone I authorize the MN Dept of Revenue to discuss thIS tax 

## ,X retum with the person below, This e-maIl address belongs to: Employee Paid preparer Other Preparer's tax ID, SSN or PTIN 

## 06-04-2009 616-447-8639 P00531251 Include a copy of

### federal Form 

### 1120S, Schedules Kand 

### K-1. and other

### federal schedules Mail to: Minnesota S Corporation Income Tax, Mail Station 1770, St. Paul, MN 55145-1770

## MINNESOTA. REVENUE 

# Apportionment and Minimum Fee 2008 Ifyou conducted all your business in Minnesota during the tax year, complete columns A and 8 i Enter 1.00000 on line lB

. 

## 8 1 QSSS designated filer Ifyou're a qualified business participating in a JOBZ zone in Minnesota and all your property and payroll are within the zone, you are exempt from the minimum fee. Enterzero on line 21 below and on line 2 of Form MB

. S corporation name 

## MARCECQ LT
______ _ Minnesota tax 10 

## 8904216 FEIN 

## 38-3488S0S
____ _

""-'Y IIdDr 

## A Total inand oUside Mniesoca Average inventory 1 

## 433212 2 Average tangible property (at original cost) 

### 2 

## 394280 3 Average land owned/used (at original cost) 

### 3 

## 0 4 Financial institutions only: average intangible property 

### 4 

## 0 5 Capitalized rents (gross rents x 8) 

### 5 ,,- 

## 443672 6 Total property (add lines 1-5; ifCol. A is zero, see ins!. , pg. 7) 

### 6 

## 1271164 7 Minnesota property factor (divide each line 68 amount by line 6A; carry to five decimal places) 7 '
8 Property factorweight •••••••••••••••• 

### 8 9 Weighted ratio for PROPERTY (multiply line 7 by line 8) 

### 9 10 PayrolUofficer's compensation (ifCol

. A is zero, see ins!. , pg. 7) •

# 10**:"** ___

# ~4~S~6~4~4~3~ 11 Minnesota payroll factor (divide each line 108 amount by line 1OA; carry to five decimal places) 11 12 Payroll factor weight ••••••••••••••••• 12 

### 13 13 Weighted ratio for PAYROLL (multiply line 11 by line 12) 14 Sales or receipts (ifa financial institution

# L or 

### if Col. A is zero, see ins!., pg. 7) 14 L..t"- ; __ 

## ...:3"",2=->:8:..::S...,2",-",3.=2",,8<-...J 15 Minnesota sales factor (divide each 

## 20070 

# o o o 160S60 180630 0.14210 0.095 

## 0.013S0 

# o

0
.095



## 2896146 line 148 amount by line 14A; carry to five decimal places) 

### 15 "

### _--",0~ 

## • ..::.0..::.8-=8=1-=6 16 Sales factor weight • • • • • • • • • • • • • • • • • • • • • • • 16 0
.81 17 Weighted ratio for SALES (multiply line 15 by line 16) 18 APPORTIONMENT FACTOR 

### 17 

## 0.07141 (Add lines 9, 13 and 17 in each column 

### OR ifyou conduct all activity in Minnesota, enter 1
.00000 on line 18) •• • •••

## 18**~j** 

## 0.08491**--.=..:'-"-~'-"'-'''-** Minimumfee calculation (read instructions on pg. 9) 19 Adjustments (see instructions, pg. 9) 20 Add lines 6, 10, 14 and 19 21 Minimum fee (see table below) ••• 19 20 

### 21 

# o 3076776 300 Add line 21 

### amounts and enterthe total on Form M8, 

### line 2. 

# "the amount Enterthis 

### .mount Ifthe 

### amount on Une 20 

### is: on lIne 21: on 1ne20 

### Is: lessthan 

### $500,000 

## SO $5,000,000 

### to $9,999
.999

, $500,000 

### to $999
.999 5100 510.000.000

## to $19,999,999 51 ,000,000 10 $4,999,999 $300 $20,000,000

# atmore In Mimesola

0.095

0.095

O.Bl



### Enterthis 

### amount on One 21: 

### 51.000 $2,000 $5,000 

# M8A 1121

In Mimesola

0
.095

0
.095

0
.81

# MINNESOTA. REVENUE Schedule KS 1121 

# Shareholder·s Share of Income, Credits and Modifications 2008 S corporation: Complete and provide Schedule KS to each nonresident shareholder and Minnesota shareholderwho has adjustments to income. Tax year beginning 2008 and ending 

### Amended KS: Shareholders federal ID Of Social Security m.'f11ber Corporation'sfederailD number Corporation's Minnesota tax 10 

## 383488505 8904216 Shareholder's name Corporation's name

## ~.'., 

## DAVE DENHERDER MARCECO LTD Address 

### Or>· Address

# .~ .•.. 600 BROADWAY NW APT 332B

" 

## :14

I

. I :·s



## ..it· 

# • " It 1I 0 

# * d 

### '

# .. ".,' 3542 ROGER B CHAFFEE SE City State Zip code City State Zip code 

## GRAND 

# RAPIDS MI 49504 

# GRAND RAPIDS MI 49548 Entity ofshareholder 

### X Individual Estate (check one box): Trust Exempt Organization 

# I Shareholder's percentage of stock ownership for tax year: 

## 20.00 Calculate lines 1-16 the same for all resident and nonresidentshareholders. Calculate lines 17-30 for nonresident shareholders only. Round amounts to the nearestwhole dollar. Modifications tofederal 

### taxable income 1 Interest income from non-Minnesota state and municipal bonds 2 State income tax deducted in arriving at ordinary or net rental income 3 Expenses deducted that are attributable to income nottaxed by Minnesota (otherthan interest or mutual fund dividends from U.S. bonds) 4 Ifthe S corporation elected section 179 expensing, enterthe shareholder's flow-through section 179 expensing for Minnesota purposes 

### 5 Federal bonus depreciation 

# .. · 

# · ... 6 Federal tax-exempt subsidies paid to employers for providing prescription drug coverage for their retirees 

# · . ...... 7 Certain fines, fees and penalties deducted

federally as a trade or business expense 

# · .. · . 8 Interestfrom U.S. govemment bond obligations, minus any expenses

deducted on the federal return that are attributable to this income 

### 9 Job Opportunity Building Zone (JOBZ) business

and investment income exemptions 

# · 

# .. · 10 Enterprise zone credit 

# . 

# .. · 

# . . . · . 11 Employertransit pass credit 

### 12 Jobs credit for participating in a JOBZ zone Relating to alternative minimum tax 

# . 2 3 4 5 

## 1392 6 7 8 9

· 10

• 11



### · 12

13 Intangible drilling costs •••••••••••••••••••••••• 13

________ _ 

### 14 Gross income from oil, gas and geothermal properties 

### .14



## ------- 15 Deductions allocable to oil, gas and geothermal properties 

### · 15 16 Depletion •••.••••••••••••••••••••••••••• 16 Continued next page Fonn M1 filers, include on:
· , Line 1, Schedule M1 M

· . Line 2, Form M1

· . Line 5, Schedule M1M

· . see instforline 7, M 1 M

.. see instfor line 6, M1M

· . line 8, Schedule M1M

· . Line 9, Schedule M1M

· . Line 6, Form M1

· . line 26, Schedule M1M

· . Line 33, Form M1

· . Line 22, Form M1

· . Line 31, Form M1

· .Lines 13-16 are used to

compute the amounts on lines 6 and 7 of Schedule M1MT. See M1MT instructions for details. 

### %

# MINNESOTA. REVENUE KS Continued 1121
Shareholder'S name Shareholder's Social Security number



## DAVE DENHERDER S corporation's name S corporation's federal 10 number S corporation's Mfnnt:!'sota [0 number



## MAR E 0 LTD 38-3488505 8904216

, 

# ,

:

# ',,.'

0' 

# •• r 

# -. s i d**~** 

# ·f
$' 

# " a -r



# .. h 

## <> 

# .

# :,

d e

## ,rs Minnesota 

### portion ofamountsfromfederal Schedule K-1 (11205) 17 Minnesota source gross income 

## .................. .. .. .. 

## .. .. 

### .. .17 

## 34092 18 Ordinary Minnesota source income (loss) from trade orbusiness activities 

## .......................... • 18 

## 5739 19 Income (loss) from Minnesota rental real estate and other Minnesota rental activities 

## .......................... • 19 20 Interest income • • 

## ........................................ .. .. .. .. .. .. .20 21 Ordinary dividends 

## .................. .. .. 

### .. .. .. .. .. 

## .. .. .. 

### .. 

## .. .. .. .. .. .. 

### .. .21 22 Royalties 

### .. 

### .. 

## .. .. 

### .. .. .. 

### .. .. 

### .. .. 

## .. .. 

# . . . ............................ ·22 23 Net Minnesota short-term capital gain (loss) 

## .......................... ·23 24 Net Minnesota long-term capital gain (loss) 

## ............................ .24 25 Section 1231 Minnesota net gain (loss) 

# . . .. .. .. .. .. .. 

## .. .............. .25 26 Other Minnesota income (loss). (Describe type ofincome or indude separate sheet: ) .26 27 S corporation's Minnesota apportionment factor (line 18 of M8A) ·27 

## 0.08491 Composite income tax or nonresidentwithholding 28 Minnesota source distributive income (see instructions) .28 

## 5739 29 Minnesota composite income tax paid by S corporation. 

### Ifthe shareholder elected composite income tax, check this box: .29 30 Minnesota income taxwithheld for nonresidentshareholder not electing to file composite income tax. Ifthe shareholder completed and Signed a Form AWC, check this box: ••••••• ·30
5 corporations: Include

### this schedule and copies 

### offederal 5chedules K and K-1 when youfile your Form MS. Shareholders: Include

### this schedulewhenyou file your Minnesota Form M1. · . information only (see inst.)

· . Line 6, col S, Sch M1NR

· . Line 6, col S, Sch M1 NR

· . Line 2, col S, Sch M1NR

· . Line 2, col S, Sch M1 NR

· . Line 6, col S, Sch M1NR

.. Line 4, col S, Sch M1NR

· . Line 4, col S, Sch M1NR

· . Line 4 or 8, col S, M1 NR

· . Line 8, col S, Sch M1 NR

· . information only

· . information only

· . composite income tax

· . Line 3, Schedule M1W

# MINNESOTA. REVENUE Schedule KS 

# Shareholder's Share of Income, Credits and Modifications 2008 S corporation: Complete and provide Schedule KS to each nonresident shareholder and Minnesota shareholderwho has adjustments to income. Tax year beginning •2008 and ending 1121



### Amended KS: Shareholder's federallD IX Social Sea.Jfity number Corporation'sfederallD number Corporation's Minnesota tax ID 

# 383488505 8904216 Shareholder's name Corporation's name

## p~ 

# MARK DENHERDER MARCECO LTD or Address Address**~** 

# 736 FULTON ST NE APT 1 3542 ROGER B CHAFFEE SE

A I J $ 

### h. 

# :a

t e: 

### ·h



# o I 

## d 

## e 

# .. $ City State Zip code City State Zip code 

# GRAND RAPIDS MI 49503 GRAND RAPIDS MI 49548 Entity of shareholder 

## eX Individual Estate (check one box): Trust Exempt Organization 

# I Shareholder's percentage of stock ownership fortax year: 

# 30.00 Calculate lines 1-16the same for all resident and nonresidentshareholders. Calculate lines 17-30 for nonresident shareholders only. Round amounts to the nearestwhole dollar. 

### Modifications to federal

### taxable income Interest income from non-Minnesota state and municipal bonds 2 State incometax deducted in arriving at ordinary or net rental income 3 Expenses deducted that are attributable to income nottaxed by Minnesota (other than interest or mutual fund dividends from U.S. bonds) 4 Ifthe S corporation elected section 179 expensing, enterthe shareholder's flow-through section 179 expensing for Minnesota purposes 5 Federal bonus depreciation 6 Federal tax-exempt subsidies paid to employers for providing prescription drug coverage for their retirees • • • • • • • • • 7 Certain fines, fees and penalties deducted

federally as a trade or business expense •••••••.•••••• 8 Interestfrom U.S. govemment bond obligations, minus any expenses

deducted on the federal return that are attributable to this income 9 Job Opportunity Building Zone (JOBZ) business

and investment income exemptions • • • • • • • • • • • • • • • • • 10 Enterprise zone credit 11 Employertransit pass credit 12 Jobs credit for participating in a JOBZ zone Relating to alternative minimum tax 

### 2 3 4 

### 5 6 

### 7 8 9

• 10

• 11

• 12 

# 2088

13 Intangible drilling costs ., •••••••••••••••••••••• 13
________ _ 14 Gross income from oil, gas and geothermal properties .14 15 Deductions aHocable to oil, gas and geothermal properties • 15 16 Depletion ••••••••••••••••••••••••••••••• 16 Continued next page Fonn M1 filers, include on:

· . Line 1 , Schedule M 1 M

· . Line 2, Form Ml

· . Line 5, Schedule M1M

· . see instfor line 7, M1M

· . see inst for line 6, M1M

· . Line 8, Schedule M1M

· . Line 9, Schedule M1M

· . Line 6, Form Ml

· . Line 26, Schedule M1M

· . Line 33, Form M1

· . Line 22, Form M1

· . Line 31, Form Ml

· .Lines 13-16 are used to

compute the amounts on lines 6 and 7 of Schedule MlMT. See M1 MT instructions for details. 

### %

# MINNESOTA. REVENUE

Shareholders name



## MARK DENHERDER Shareholders Social Security number 

### KS Continued 1121

S corporation's name S corporation's federal 10 number S corporation's Minnesota 10 number



## MARCECO LTD 

## 38-3488505 8904216

o 

# .. r ..' 

# .' •

.,1



### d 

### "e.' , 

# ';f Minnesota 

### portion ofamounts fromfederal Schedule K-1 (11205) 17 Minnesota source gross income 18 Ordinary Minnesota source income (loss) from trade or business activities 19 Income (loss) from Minnesota rental real estate and other Minnesota rental activities .17 ·18

• ·19 20 Interest income • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • 20 21 Ordinary dividends ••••••••••••••••••••• • • • • • • • 21 22 Royalties • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • 22 23 Net Minnesota short-term capital gain (loss) ••••••••••••••• 23 

## 51139 8608

'

# .

. It .' 24 Net Minnesota long-term capital gain (loss) •••••••••••••• • 24



## a t' 

## e ft 

# r d 

## ',

# ... ,',c' 

# .... 25 Section 1231 Minnesota net gain (loss) ••••••••••••••••• ·25 26 Other Minnesota income (loss). (Describe type of income or include separate sheet: ). 26 27 S corporation's Minnesota apportionmentfactor (line 18 of M8A) • 27 Composite income tax or nonresidentwithholding 28 Minnesota source distributive income (see instructions) •• 28 29 Minnesota composite income 

### tax paid by S corporation. 

### Ifthe shareholder elected composite income tax, check this box: • • 29 30 Minnesota income tax withheld for nonresidentshareholder not electing to file composite income tax. Ifthe shareholder completed and signed a Form AWC, check this box: •••••••• 30 

## 0.08491

8608

S corporations: Include

### this schedule and copies offederal Schedules K and K·1 when you file your Form MS. Shareholders: Include

### this schedulewhenyou

### file your Minnesota Form Mi. · . information only (see inst)

· . Line 6, col B, Sch M1 NR

· . Line 6, col S, Sch M1NR

· . Line 2, col S, Sch M1NR

· . Line 2, col S, Sch M1 NR

· . Line 6, col S, Sch M1NR

· . Line 4, col B, Sch M1 NR

· . Line 4, col S, Sch M1 NR

· . Line 4 or 8, col S, M1 NR

· . Line 8, col S, Sch M1 NR

· . information only

· . information only

· . compOSite income tax

· . Line 3, Schedule M1W

## t'



# MINNESOTA. REVENUE Schedule KS 

# Shareholder's Share of Income, Credits and Modifications 2008 S corporation: Complete and provide Schedule KS to each nonresident shareholder and Minnesota shareholderwho has adjustments to income. Tax year beginning , 2008 and ending 1121



### Amended KS: Shareholders federal 10 or Social Security number Ccrporation's federal 10 number Corporation's Minnesota tax 10 

## 383488505 8904216 Shareholders name

# ~... RUTH DENHERDER Corporation's name 

## MARCECO LTD Or" Address Address 

## 740 S FEDERAL ST APT 908 3542 ROGER B CHAFFEE SE City 

## CHICAGO State 

## IL Zip code 

## 60605 City State Zip code 

## GRAND RAPIDS MI 49548 Entity ofshareholder 

## X Individual Estate (check one box): Trust Exempt Organization 

# I Shareholder's percentage of stock ownership fortax year. 

## 30.00 Calculate lines 1-16the same for all resident and nonresident shareholders. Calculate lines 17-30 for nonresidentshareholders only. Round amounts to the nearestwhole dollar. ModifICations tofederal taxable income 1 Interest income from non-Minnesota state and muniCipal bonds 1
2 State income tax deducted in arriving at ordinary or net rental income 2 3 Expenses deducted that are attributable to income nottaxed by Minnesota (otherthan interest or mutual fund dividends from U.S. bonds) 3 4 Ifthe S corporation elected section 179 expensing, enterthe shareholder's flow-through section 179 expensing for Minnesota purposes 5 Federal bonus depreciation • • • • • • • • • • • • 6 Federal tax-exempt subsidies paid to employers for providing preScription drug coverage fortheir retirees •••• • • • • • 7 Certain fines, fees and penalties deducted federally as a trade or business expense ••••••••••••• 8 Interestfrom U.S. govemment bond obligations, minus any expenses deducted on the federal retum that are attributable to this income 9 Job Opportunity Building Zone (JOBZ) business and investment income exemptions • • • • • • • • • • • • • • • • • 10 Enterprise zone credit
11 Employertransit pass credit
12 Jobs credit for participating in a JOBZ zone Relating to alternative minimumtax 13 Intangible drilling costs ••••• 14 Gross income from oil, gas and geothermal properties 15 Deductions aHocable to oil, gas and geothermal properties 

### 5 6 7 

### 8 9 .10

• 11

• 12

.13
·14

• 15 16 Depletion ••••••••••••••••••••••••••.•.•• 16 

## 2088



# -----------------

Continued next page Form M1 filers, include on:

· . Line 1, Schedule M1M

· . Line 2, Form M1

· . Line 5, Schedule M1M

· . see instfor line 7, M1 M

· . see inst for line 6, M1 M

· . Line 8, Schedule M1M

· . Line 9, Schedule M1M

· . Line 6, Form M1

· . Line 26, Schedule M1M

· . Line 33, Form M1

· . Line 22, Form M1

· . Line 31, Form M1

· .Lines 13-16 are used to

compute the amounts on lines 6 and 7 of Schedule M1MT. See M1MT instructions for details. 

### %

# .'

MINNESOTA. REVENUE KS Continued 1121
Shareholder's name Shareholder's Social Secunty number



## R TH DENHERDER S corporation's name S corporation's Minnesota 10 number



## MARCECO LTD 

## 8-3488505 8904216

II 

# 9"**,~ ~~"**  " 

# •• '>S'

i d 

# • D 

## t 

# :. 

# ." .' Minnesota portion ofamounts fromfederal Schedule K-1 (11205) 17 Minnesota source gross income 

### • 17
___**-""5'-='1'-"'1~3'_='9_** 18 Ordinary Minnesota source income (loss) from trade or business activities •••••••••••••• 18 

## 8608 19 Income (loss) from Minnesota rental real estate and other Minnesota rental activities • 19 

### 20 Interest income • • 

### .20



## ------- 21 Ordinary dividends 

### .21 22 Royalties • • • • • 

### ·22 

### 23 Net Minnesota short-term capital gain (loss) 

### .23 24 Net Minnesota long-term capital gain (loss) ·24



# ----------------- II ,: c. $'" 25 Section 1231 Minnesota net gain (loss) ••••••••• .25



# ----------------- • 26 Other Minnesota income (loss). (Describe type of income 0- ,1, or include separate sheet: ) .26


# .. • 27 S corporation's Minnesota apportionment factor (line 18 of M8A) ·27 Composite income tax or nonresidentwithholding 28 Minnesota source distributive income (see instructions) .28 29 Minnesota composite income tax paid by S corporation. Ifthe shareholder elected composite income tax, check this box: • 29 30 Minnesota income tax withheld for nonresident shareholder not electing to file compOSite income tax, Ifthe shareholder completed and signed a Form AWC, check this box: •••••••• 30 

## 0.08491

8608

S corporations: Includethis schedule and copies 

### offederal Schedules K and K-1 when you file your Form MS. Shareholders: Includethis schedule whenyou file your Minnesota Fonn M1. · . information only (see inst.)

· . line 6, col S, Sch M1 NR

· . line 6, col S, Sch M1NR

· . line 2, col S, Sch M1 NR

· . line 2, col S, Sch M1 NR

· . line 6, col S, Sch M1 NR

· . line4, col S, Sch M1 NR

· . line4, col S, Sch M1 NR

· . line 4 or 8, col S, M1 NR

· . line 8, col S, Sch M1 NR

· . information only

· . information only

· . composite income tax

· . line 3, Schedule M1Wof "



# MINNESOTA. REVENUE Schedule KS 

# Shareholder's Share of Income, Credits and Modifications 2008 S corporation: Complete and provide Schedule KS to each nonresident shareholder and Minnesota shareholder who has adjustments to income. Tax year beginning

. 2008 and ending 1121



### Amended KS: Shareholder's federal 10

### ex Social Security number Co.<poration's federal 10 number Corporation's Minnesota tax 10**.~** 

## o,J)J"**,~.**

;**~;** .', 

## , 

## 383488505 8904216 Shareholder's name Corporation's name 

## JAMAL 

## AQEL MARCECO LTD Address Address 

## 10891 CHEYENNE TRAIL 3542 ROGER B CHAFFEE SE City State Zip code City State Zip code 

## GRAND RAPIDS MI 49544 GRAND RAPIDS MI 49548 Entity of shareholder 

### X Individual (check one box): Trust Estate Exempt Organization 

# I Shareholder's percentage of stock ownership for tax year: 

## 20.00 Calculate lines 1-16the same for all resident and nonresidentshareholders. Calculate lines 17-30 for nonresident shareholders only. Round amounts to the nearestwhole dollar. Modifications tofederal taxable income 1 Interest income from non-Minnesota state and municipal bonds 2 State income tax deducted in arriving at ordinary or net rental income 2 3 Expenses deducted that are attributable to income nottaxed by Minnesota (otherthan interest or mutualfund dividends from U.S. bonds) 3 4 Ifthe S corporation elected section 179 expensing, enterthe shareholder'S flow-through section 179 expensing for Minnesota purposes 5 Federal bonus depreciation 6 Federal tax-exempt subsidies paid to employers for providing prescription drug coverage for their retirees ••••••••• 7 Certain fines, fees and penalties deducted

federally as a trade or business expense •••••••••••••• 8 Interest from U.S. govemment bond obligations, minus any expenses deducted on the federal return that are attributable to this income 9 Job Opportunity Building Zone (JOBZ) business

and investment income exemptions • • • • • • • • • • • • • • • • • 10 Enterprise zone credit 11 Employertransit pass credit 12 Jobs creditfor participating in a JOBZ zone Relating to alternative minimum 

### tax 

### 4 

### 5 6 7 

### 8 9

• 10

• 11

• 12

13 Intangible drilling costs •••••••••••••••••••••••• 13
14 Gross income from oil, gas and geothermal properties • • • • • • • 14 15 Deductions allocable to Oil. gas and geothermal properties 

### .15 

## 1392



# -----------------

-------

16 Depletion ••••••••••••••••••••••.•••••••• 16
____________ _ Continued next page Fonn M1 frlers, include 

### on:

· . line 1, Schedule M 1 M

· . line 2. FOffi1 M1

· . line 5, Schedule M1M

· . see instfor line 7, M1M

., see instforline 6, M1M

· . line 8, Schedule M1M

· . Line 9, Schedule M1M

· . Line 6, FOffi1 M1

· . Line 26, Schedule M1M

· . Line 33, FOffi1 M1

· . Line 22, FOffi1 M1

· . line 31, FOffi1 M1

· .Lines 13-16 are used to

compute the amounts on lines 6 and 7ofSchedule M1MT. See M1MT instructions for details. %

# MINNESOTA. REVENUE KS Continued 1121
Shareholder's name Shareholder's Social Security number



## JAMAL A EL S corporation's name Scorporation's federal 10 number S corporation's Minnesota 10 number



## MARCECO LTD 38-3488505 8904216

N 

# • ti
" 

# . 

# ••• • 

# ..

.

# . ". "d"



# . ' ' 

## n t



# ... '



### It 

## a ,t:



# .. "'l' ,0 

## 't.·· .4
.. 

# • .r. 

## S Minnesota portion ofamounts from federal Schedule K-1 (1120S) 17 Minnesota source gross income 

### 18 Ordinary Minnesota source income (loss) from trade orbusiness activities 

### 19 Income (loss)from Minnesota rental real estate and other Minnesota rental activities 20 Interest income • • 21 Ordinary dividends 22 Royalties • • • • • 

### 23 Net Minnesota short-term capital gain (loss) 

### 24 Net Minnesota long-term capital gain (loss) . 17 

### ·18 .19 .20 .21
·22 

### ·23 .24 

### 25 Section 1231 Minnesota net gain (loss) •••••••••••••••••• 

### 25 26 Other Minnesota income (loss). (Describe type ofincome or indude separate sheet: ). 

### 26 27 S corporation's Minnesota apportionmentfactor (line 18 of M8A) • 

### 27 Composite incometax or nonresidentwithholding 

### 28 Minnesota source distributive income (see instructions) 

### 29 Minnesota composite income tax paid by S corporation. Ifthe shareholder elected composite income tax, check this box: 

### 30 Minnesota income taxwithheld for nonresidentshareholder notelecting to file composite income tax. Ifthe shareholder 

### .28 .29
completed and signed a Form AWC, check this box: ••••••• • 

### 30 

## 34092 5738

0.08491

5738

S corporations: Include this schedule and copies offederal Schedules K and K-1 when you 

### file your Fonn MS. Shareholders: Include

### this schedule when you file your Minnesota Form Mi. · . information only (see inst)

· . Line 6, col B, Sch M1 NR

· . Line 6, col B, Sch M1 NR

.. Line 2, col B. Sch M1NR

· . Line 2, col B, Sch M1NR

· . Line 6, col B, Sch M1 NR

· . Line 4, col B, Sch M1 NR

· . Line 4, col B, Sch M1 NR

· . Line 4 or 8, col B, M1 NR

· . Line 8, col B, Sch M1 NR

· . information only

· . information only

· . compOSite income tax

· . Line 3, Schedule M1WForm 

# 11205 Department ofthe Treasury Internal Revenue Service (77) 

# U.S. IncomeTax Return for an S Corporation

.. Do notfile this form unless the corporation has filed or is attaching Form 2553 to electto be an S corporation.

.. See separate instructions. For calendar year 2007 or tax year beginning 2007 ending A S election effective date Use Name



## 09-01-1999 IRS 

## MARCECO, LTD. B Business activity code label. Number, street, and room or suite no. Ifa P.O. box, see instructions.

number (see instructions) Other

## 454210 wise, 

## 3542 ROGER B 

## CHAFFEE SE C Check if Sch. M-3 print or City ortown, state, and ZIP code**~** type.

attached 

## GRAND RAPIDS MI 49548 OMB No. 1545-0130 

# 2007
20 D**~** idetllilicatioo.1lI.mbet' 

## 38-3488505 E Date incorporated 

## 09-01-1999 F Total assets (see instructions) 

### $ 

## 1 219 207 G Is the corporation electing to be an S corporation beginning with this tax year? Yes 

### X No If "Yes," you must attach Form 2553 ifnot already filed H Check if: (1)**~** . Final retum (2) Name Change (3) Address Change (4) Amended retum (5)**~~-,** S election termination or revocation Enterthe number ofshareholders in the corporation atthe end ofthe tax year ......................... 

### 4 Caution. Include onlytrade or business income and expenses on lines 1 a through 21 See the instructions for more information

Income

Deductions (seeinstrucions forlimitaions)



### T 

### a Pax

nday

### ments



## Sign Here
Paid 1 a Gross receipts or sales I 

## 23 666 231 I b Less returns and aUowances I 

## 94 Ic Bal" 1c 

## 23 666 137 2 Cost ofgoods sold (Schedule A, line 8) 

# .. .. 

### .. .. 

### .. .. .. .. .. .. 

### .. 

# . 

# . . · . 

# · . 2 

### i 

## 22 590 071 3 Gross profit. Subtract line 2 from line 1 c 

## ...................... 

# · . · . 3 

## 1 076 066 4 Net gain (loss) from Form 4797, Part II, line 17 (attach Form 4797) 

# · . · . 4 5 Other income (loss) (see instructions - attach statement) 

# · . •**~~A:rE;t-.1E.NT** 

## f! 1 5 

## 29 095 6 Total income (loss). Add lines 3 through 5 

# · 

# ... 6 ! 

### 1, 

## 105 161 7 Compensation ofofficers 

## .......... .. 

## .. .. 

### .. .. 7 

## 30 000 8 Salaries and wages (less employment credits) 8 

## 322 791 9 Repairs and maintenance 9 

## 29 008 10 Bad debts 

# ....... 

# · 10 11 Rents 

# ... . . 

# . · . 11 

## 44 576 12 Taxes and licenses 

# ·**~~T_~~L.** 12 

## 32 620 13 Interest 

# .. . . . 

# . · 13 

## 25 804 14 Depreciation not claimed on Schedule A orelsewhere on retum (attach Form 4562) 14 

## 8 594 15 Depletion (Do not deduct oil and 

### gas depletion.) 

# . 15 16 Advertising 

## ...................... 

# · 16 17 Pension, profit-sharing, etc., plans 

# · 17 18 Employee benefit programs 

# .. · 

# . · · 18 

## 34 218 19 Other deductions (attach statement) 

# · •**~~A:rE;t-.1E.NT** 

## f!**~** 19 

## 455 221 20 Total deductions. Add lines 7 through 19 

# · 

# .. 20 

## 982 832 21 Ordinary business income (loss). Subtract line 20 from line 6 

# · · .. 21 

## 122 329 22a Excess net passive income or LIFO recapture tax (see instructions) 22a b Tax from Schedule D (Form 1120S) 

## ................... .. 

### .. .. 

### .. .. 

# . 22b c Add lines 22a and 22b (see instructions for additional taxes) 

# ... · .. .. .. .. .. .. .. .. .. .. 

# . 22c 23a 2007 estimated tax payments and 2006 overpayment credited to 2007 23a b Tax deposited with Form 7004 

# ..................... 

# · 

# · 23b c Credit for federal tax paid on fuels (attach Form 4136) 

# . 23c d Add lines 23a through 23c 

## ........ 

# . . .. 

### .. .. 

### .. .. .. 

# . · .. · . .. 

## ........ 23d**-,-~** 24 Estimated tax penalty (see instructions). Check if Form 2220 is attached 

# ·.. · 

# . 

# ... 24**~** 25 Amount owed. If line 23d is smallerthan the total of lines 22c and 24, enter amount owed 

# ... . . 25 26 Overpayment Ifline 23d is larger than the total of lines 22c and 24, enter amount overpaid •••••• 26 27 Enter amount from line 26 Credited to 2008 estimated

# tax.. IRefunded

.. 27

Under penalties of perjury, I dedare that I have examined this return, induding accompanying schedules and statements, and to the best ofmy knowfedge and belief, rt is true. correct, and complete. Dedaration of preparer (otherthan taxpayer) is based on aD information ofwhich preparer has any knowledge. May the IRS disruss this return

## ~ [

### ~PRESIDENT with the preparer shown bel", 

# YSignature ofofficer rTrtle**~** ---- Date (see instructions)? 

## eX Yes No Preparer's signature Preparer's SSN or PTIN

# ~ IDate 

# II Check 

### ifself

## 05-29-2009 employed •.. 

## POO531251 Preparer's Firm's name (or

### ~ 

## MCDONALD AND ASSOCIATES PC EIN 

## 38-2529205 Use Only yours ifself-employed), 

## 2156 PLAINFIELD AVE NE address, and ZIP code 

## GRAND RAPIDS MI 49505 Phone no. 

## (616)447-8639 For Privacy Act and Paperwork Reduction Act Notice, see separate instructions. EEA Form 11205 (2007)

### Form 1120S (2007) 

## MARCECO LTD. 38-3488505 Page 2 

# L

Schedule

## A 

# I Cost of Goods Sold (see instructions) 1 Inventory at beginning ofyear 1 

## 731 611 2 Purchases 2 

## 22 138 549 3 Cost oflabor 

# .. . 3 

### 4 Additional section 263A costs (attach statement) 

### 4 5 Other costs (attach statement)

### ~~A:r~r-.:!E!'IT 

## if**~** 5 

## 39 419 6 Total. Add lines 1 through 5 

# .. 6 

## 22 909 579 7 Inventory at end ofyear • 

# .. . . . . 7 

## 319 508 8 Cost 

### of goods sold. Subtract line 7 from line 6. Enter here and on page 1, line 2 8 

## 22,590,071

------ 

### 9 a Check all methods used for valuing clOSing Inventory: (I) 

### X Cost as descnbed In Regulations section 1.471-3 (ii) Lower ofcost or market as described in Regulations section 1.471-4 (iii) 

### Other (Specify method used and attach explanation.)**~** 

# --------------------------------------------------=- b Check iftherewas a writedown ofsubnormal goods as described in Regulations section 1,471-2(c) e Check ifthe LIFO inventory method was adopted this tax yearfor any goods (ifchecked, attach Form 970) d Ifthe LIFO inventory method was used for this tax year, enter percentage (or amounts) ofclosing

inventory computed under LIFO • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • .. 1 

### 9d 1**L-~=_**____**~**__**-=~**

## __ _ e If property is produced oracquired for resale, do the rules ofsection 263A apply to the corporation? Yes 

# XNo

Was there any change in determining quantities, cost, orvaluations between opening and closing inventory? Yes No If''Yes,'' attach explanation. LSchedule 

# B I Other Information(see instructions) Yes No

1 Check accounting method: a Cash b 

# X Accrual e Other (specify)**~** -- 

### 2 See the instructions and enter the: a Business activity**~SALES** 

### b Product or service 

# ... LONG DISTANCE 3 At the end ofthe tax year, did the corporation own, directly or indirectly, 50% or more ofthe voting stock ofa domestic corporation? (For rules ofattribution, see section 267(c).) If"Yes," attach a statement showing: (a) name and employer identification number (EIN), (b) percentage owned, and (e) if 100% owned, was a QSub election made? 

## ............ .. 

## .......... 

## X 4 Has this corporation filed, or is it 

### required to file, a retum under section 6111 to provide information on any reportable transaction? 

## .................................................................. .. 

## .. .. .. .. .. 

### .. 

### .. .. .. 

### .. .. .. 

### .. .. .. 

### .. .. 

# . . . . .

---- 

### 5 Check this box if

### the corporation issued publicly offered debt instruments with original issue discount**~** .. 

## ..............

- 

### Ifchecked, the corporation may have to file Form 8281, Information Retum for Publicly Offered Original Issue Discount Instruments. 

### 6 Ifthe corporation: (a) was a C corporation before it elected to be an S corporation orthe corporation acquired an asset with a basis determined by reference to its basis (or the basis ofany other property) in the hands ofa C corporation and (b) has net unrealized built-in gain (defined in section 1374(d)(1» in excess ofthe net recognized built-in gain from prior years, enter the net unrealized built-in gain reduced by net recognized built-in gain from prior years· ••••••••••••••• 

### .. 

## ................**~** 

### $ 

### 7 Enterthe accumulated eamings and profits ofthe corporation atthe end ofthe tax year. $ 

## .. 8 Are the corporation's total receipts (see instructions) for the tax year and its total assets at the end ofthe tax year less than $250,000? If"Yes," the corporation is not required to complete Schedules Land M-1 

### .. .. .. .. .. .. .. 

## .............. X 

# l Schedule 

# K l Shareholders' Pro Rata Share Items Total amount 1 Ordinary business income (loss) (page 1, line 21) 

# ... . . . . . 1 

## 122,329 2 Net rental real estate income (loss) (attach Form 8825) 

## .......... 

# . 2 I 3a Other gross rental income (loss) 

## .................... 

# ·1 3a / n b Expenses from other rental activities (attach statement) ./ 3b 

# I , c Other net rental income (loss). Subtract line 3b from line 3a 3c e 

# . . 0 

### m 

### 4 Interest income • • • • • • • • 

# . 

# . 4 e 5 Dividends: a Ordinary dividends 

# . . 5a (L 

### b Qualified dividends 

# ·1 5b 

# 1 

# ! 0 

### 6 Royalties· •••••••••• 

# . 

# . 6 s 

### 7 Net short-term capital gain (loss) (attach Schedule D (Form 1120S» 

### 7 s) 8a Net long-term capital gain (loss) (attach Schedule D (Form 1120S» 

# . 8a b Collectibles (28%) gain (loss) 

## ...................... • / 8b 

# I 

# 1'1 e Unrecaptured section 1250 gain (attach statement) 

# ·1 8e 

# I i 9 Net section 1231 gain (loss) (attach Form 4797) 

# . .. .. 

## .. .. .. 

## ...................... 

# I 9 10 Other income (loss) (see instructions) • • •**Type~** 

### 10 

### EEA Form 1120S (2007)Form 1120S (2007) 

## MARCECO LTD.

DeducIions

CrediIs

F

### ore9>

ransT adions

ax(AMT)

eccnR cSlIion EEA 11 12a

b c d 13a

b c d e f 

### 9 14a

b c d e f
9 h 

### i 

## J k I 

### rn n 15a

b c d e f 16a

b c d e 17a

b c d 18 Shareholders' Pro 

### Rata Share Items (continued) Section 179 deduction (attach Form 4562) Contributions Investment interest expense Section 59(e)(2) expenditures**(1)Type~** (2)Amount**~** Other deductions (see instructions) •**Type~** Low-income housing credit (section 420)(5» Low-income housing credit (other) Qualified rehabilitation expenditures (rental real estate) (attach Form 3468) Other rental real estate credits (see instructions) • Type**~** Other rental credits (see instructions) · Type**~** Credit for alcohol used as fuel (attach Form 6478) Other credits (see instructions) • Type**~** Name ofcountry or U

.S. possession**~** Gross income from all sources 

# · Gross income sourced at shareholder level 

# . Foreign gross income sourced at corporate level Passive category General category 

# . Other (attach statement) Deductions allocated and apportioned at shareholder level Interest expense Other· 

# . . Deductions allocated and apportioned at corporate level to foreign source income Passive category General category Other (attach statement) 

# · . Other information

- -- 

## -- - - Total foreign taxes (check one):**~** Paid Accrued

_ _ u_ Reduction in taxes available for credit (attach statement) Otherforeign tax information (attach statement) Post-1986 depreciation adjustment Adjusted gain or loss Depletion (other than oil and gas) 

# · . Oil , gas, and geothermal properties-gross income Oil, gas, and geothermal properties-deductions 

# . Other AMT items (attach statement) 

# · Tax-exempt interest income Othertax-exempt income 

# . Nondeductible expenses Property distributions 

# . Repayment ofloans from shareholders Investment income Investment expenses Dividend distributions paid from accumulated eamings and profits Other items and amounts (attach statement) Income/loss reconciliation. Combine the amounts on lines 1through 10 in the far right column. From the result, subtract the sum ofthe amounts on lines 11 through 12d and 141 

## 38-3488505 Page 3 Total amount 11 

## 122 329 12a 12b 12c(2) 12d 13a 13b 13c 13d 13e 13t 13g 14b 14c 14d 14e 14f 14g 14h 141 14j 14k 

### f--:-
.

141 14m



# ---

15a 

## (2 350) 15b 15c 15d 15e 1St 16a 16b 16c 

## 4 

## 267 16d 16e 17a 17b 17c



### ..... > .

..
18 

## 0 Form 11205 (2007)Form 1120S (2007) 

## MARCECO, LTD. 38-3488505 Page 4 

# IScheduleL 

# I Balance Sheets per Books Beginning oftax year End oftax year Assets (a) (b) (c) (d) 1 Cash 

# ... .. 

### .. .. .. .. .. 

# . .. 

### .. .. .. ..**~,706** 

## 49 112 2a Trade notes and accounts receivable 

## 537 593 --::c-- ; 

## 612 265

b Less allowance for bad debts ( ) 

## 537 593 ( ) 

## 612 265



# - - ----- 3 Inventories 

## .................. 

## 731 611 319 508 4 U.S. govemment obligations 5 Tax-exempt securities (see instructions) 6 Other current assets (attach statement) 

## 2 405 5 791 7 Loans to shareholders 

## ............ .. 

# i 

# t : 68 868 8 Mortgage and real estate loans 

### ........ 

# I 68,723 

# I 149 206 9 Other investments (attach statement) 10 a Buildings and other depreciable assets 

## 224,874

# 'r--' '" 

## 333 268 b Less accumulated depreciation ( 

## 201 823) 2 ;h05.1 ( 

## 318 811) 14 457 11 a Depletable assets 

## ............ .', b Less accumulated depletion

. • ( ) ( ) 12 Land (net ofany amortization) 

# ....:.:. 

## ',::. ":" 13 a Intangible assets (amortizable only) 

## 'r----------.- I 

### b Less accumulated amortization 

# t

_____ _ _

_

_ ) ( )**-.-.- --**  14 Other assets (attach statement) ! 15 Total assets· • • • • • • . . • 

# · . 1 367 089 1,21 9,207 Liabilities and Shareholders· Equity 

### ;:- 

# , 16 Accounts payable 

## ...................... 

## 834 364 

# I 600,149 17 Mortgages, notes,bonds payable in less than 1year 

## 142,299 

# I 516,830 18 Other current liabilities (attach statement)

### ~ATE**MEN'U** 

### 22 

## 307 819 19 Loans from shareholders 

## .. .... ........ 20 Mortgages, notes,bonds payable in 1year or more 

## 18,781 

# I 28,734 21 Other liabilities (attach statement) 

# · 22 Capital stock 

### ................ 

# · . 78 331 78,331 23 Additional paid-in capital 

## ........ 

# I 24 Retained eamings 

### ...... ........ 

## (14 505) 

# ! (4,837) 25 Adjustments to shareholders' equity ( attach statement) 

# I 26 Less cost oftreasury stock 

### .................. 

# ! ( ) 

# j( ) 27 Total liabilities and shareholders' equity 

# ... 1 367 089 ! 

## 1,219,207 

## fSchedule M=!l Reconciliation of Income (Loss) per Books With Income (Loss) per Return

. 

## . .. 

## . Note: Schedule M-3 reqUired Instead of Schedule M-l Iftotal assets are $10 mllion or more-see Instructions 1 Net income (loss) per books 

### .................. 

## (4,2671 5 Income recorded on books this year not 2 Income included on Schedule K, lines 1, 2, 3c, 4, included on Schedule K, lines 1 through 5a, 6, 7, 8a, 9, and 10, not recorded on books 10 (itemize): this year (itemize): a Tax-exempt interest $
3 Expenses recorded on books this year not 6 Deductions included on Schedule K, lines included on Schedule K, lines 1 through 12 1 through 12 and 141 , not charged against and 141 (itemize): book income this year (itemize) : a Depreciation $ a Depreciation 

### $ b Travel and entertainment 

### $ 

## 4 1 

## 267 7 Add lines 5 and 6 

### .. .. 

### .. .. .. 

### .. 

### .. .. 

### .. 

### .......... 

## 4 267 8 Income (loss) (Schedule K, line 18)

. 

### 4 Add lines 1 through 

### 3 

### ........................ Line 4 less line 7 

### .. 

## .......................... 

## 0 

## I Schec:lule

# M-21 Analysis 

### ofAccumulated Adjustments Account, Other Adjustments Account, and Shareholders' Undistributed Taxable Income Previous Taxed see instructions 

### Iy (a) Accumulated (b) Other adjustments (c) Shareholders' undistributed adjustments account account taxable income previously taxed 1 Balance at beginning oftax year 

## .............. 

## (14 505) 2 Ordinary income from page 1, line 21 

## 122,329 

# - - - - r-'

..........

, i ' 

### 3 Other additions 

## ........ • STATEMENT 

### 11 49. 

## 18 882

. 4 Loss from page 1, line 21 

## ...................... ( ) 

## ", 5 Other reductions • • • • • STATEMENT

### 11 30. ( 

## 131 543) ( )! 6 Combine lines 1 through 

### 5 

## .................. 

## (4 837) 7 Distributions other than dividend distributions 8 Balance at end of tax year. Subtract ine 7 trom line 6 

## (4,837) EEA Form 1120S (2007)

## Schedule K-1 (Form 11205) 

# 2007 For calendar year 2007, or tax Department ofthe Treasury Intemal Revenue Service year beginning

______ ,2007 and ending , 20
_ 

# Shareholder's Share of Income, Deductions, Credits, etc.**~** See separaIe i1sfrudions..



# iPart' 

# I Information About the Corporation A Corporation's employer identification number



## 38-3488505 B Corporation's name, address, city, state, and ZIP code



## MARCECO, LTD. 3542 ROGER B CHAFFEE SE GRAND RAPIDS MI 49548
C IRS Center ",",ere corporation filed return



## CINCINNATI 

# I

# partIII Information About the Shareholder o Shareholder's identifying number
E Shareholder's name, address, city, state, and ZIP code



## DAVE DENHERDER 600 BROADWAY NW APT 332B GRAND RAPIDS MI 49504

F



### F 

### o r I R 

### S U 

### s e 

# o n 

### I y Shareholder's percentage of stock ownership fortax year •••• 

## 20.00000 %

FlYF'aperMJfk ReducIion AdNoIice, seeInsirudians

## mr Form 11205. 

### EEA 1
2
3
4
Sa
5b
6
7
Sa
8b
8c
9
10 

# 671107 Final K-l Amended K-l OMS No 1545-0130

I Shareholder's Share of CurrentYear Income, Deductions, Credits, and Other Items Ordinary business income Ooss) 13 Credits 

## 24 466 Net rental real estate income Ooss)
Other net rental income (loss)
Interest income Ordinary dividends
Qualified dividends 14 Foreign transactions 

# I Royalties
Net short-term capital gain Ooss)
Net long-term capital gain (loss)
CoRectibles (28%) gain Ooss) Unrecaptured section 1250 gain
Netsection 1231 gain (loss)
Other income (loss) 1S AAernative minimum tax (AMT) [terns 

## A (470)

11 Section 179 deduction 16 Items affecting shareholderbasis 

## 24 466 C 

## 853 12 Other deductions

17 Other information

• See attached statement for additional information. ScI>edt*: K-1 (Fctm 11205)2007

## Schedule K-1 

# 2007 (Form 11205) For calendar year 2007, or tax Department of the Treasury year beginning ,2007 Internal Revenue Service and ending ,20



## -- 

# Shareholder's Share of Income, Deductions, Credits, etc.

.... SeeseparaIeftsIrudions..



# IPartI 

# I Information About the Corporation A Corporation's employer identification number



## 38-3488505 B Corporation's name, address, city, state, and ZIP code



## MARCECO, LTD. 3542 ROGER B 

## CHAFFEE SE GRAND RAPIDS MI 49548
C IRS Centerwnere corporation filed return



## CINCINNATI 

# IPartU! Information About the Shareholder 0 Shareholder's identifying number
E Shareholder's name, address, dty, state, and ZIP code



## MARK DENHERDER 736 FULTON ST NE APT 1 GRAND RAPIDS MI 49503

F Shareholder's percentage ofstock ownership fortaxyear 

### .. 

# . . .. 

# ............. 30.00000

F 0 r I R S U 

### s e

# Ij~ 

# ' I**~** 

## , 0 n 

### ,**,'** 

# . I**,** 

### ,**il ~"'i**  

## \; , Y

ForPaperNorl< ReducIion M Notice, see h;irudionsforForm 11205. 

### EEA % 

# 671107 Final K-l Amended K-l OMS No 1545-0130 

# IPartIf. 

# I Shareholder's Share ofCurrent Year Income, Deductions, Credits, and Other Items 1 IOrdinary business income (loss) 13 Credits I I 

## 36 699 2 Net rental real estate income (loss) 

# I 3 Other net rental income (loss) I 4 Interest income
Sa Ordinary dividends
5b Qualified dividends 14 Foreign transactions
6 Royalties
7 Net short-term capital gain (loss)
Sa Net Ionlrterm capital gain (loss)
8b Collectibles (28%) gain (loss)
Be Unrecaptured section 1250 gain
9 

# I Net section 1231 gain (loss)
10 Other income (loss) 15 Alternative minimum tax (AMT) items 

## A (705)

11 

# ISection 179 deduction 16 Items affecting shareholder basis 

## 36,699 C 1,280 12 Other deductions

17 Other information



# I • See attached statement for additional information, Sc:he<Ue K-1 (Fonn 11205)2001

## Schedule K-1 

# 2007 (Form 11205) For calendar year2007, or tax Department ofthe Treasury year beginning ,2007 Internal Revenue Service and ending ,20



### - 

# Shareholder's Share of Income, Deductions, Credits, etc.

.. SeeseparateinsInJdions.



# tPartl 

# ! Information About the Corporation A Corporation's employer identification number



## 38-3488505 B Corporation's name, address, city, state, and ZIP code



## MARCECO, LTD. 3542 ROGER B 

## CHAFFEE SE GRAND RAPIDS MI 49548
C IRS Centerwhere corporation filed return



## CINCINNATI 

# IPartil Information Aboutthe Shareholder 0 Shareholder's identifying number
E Shareholder's name, address, city, state, and ZlP code



## RUTH DENHERDER 740 S FEDERAL ST APT 908 CHICAGO IL 60605

F Shareholder's percentage ofslock OYmership for tax year 

### .. .. .. 

## .. 

## .............. 

## 30.00000

F 0 r 

### I 

### R S 

### U s e

# 1~I.t**'''~~** 

# 'I 0 

# 'ri!**~.** n 

### I 

### ,

# "~'~I y 

# .'

ForPaplrwof!c Reruction Ad. Notice, see InsIrudionsfor Form 11205. 

### EEA % 

# 671107 FinalK-1 Amended K-l OMS No 1545-0130 

# IPartBli Shareholder's Share of CurrentYear Income, Deductions, Credits, and Other Items 1 Ordinary business income (loss) 13 Credits 

## 36 699 2 Net rental real estate income (loss)
3 Other nel rental income Qoss)
<4 Interest income
Sa Ordinarydividends
5b Qualified dividends 14 Foreign transactions
6 Royalties
1 Net short-term capital gain (loss)
Sa I Net long-term capital gain (loss) 

# I 8b Collectibles (28%) gain (loss)
Be Unrecaptured section 1250 gain
9 Net section 1231 gain (loss)
10 Other income (loss) 15 Alternative minimum tax (AMT) Items 

## A (705)

11 

### ISection 179 deduction 16 Iterns affecting shareholder basis 

### I 

## 36 699 C 1,280 12 Otherdeductions

17 Other information

• See attached statement for additional information. ScheWIe K-1 (Form 11205)2007

## Schedule K-1 (Form 11205) 

# 2007 For calendar year 2007, or tax Department ofthe Treasury year beginning ,2007 Intemal Revenue Sef'Jice and ending ,20



### - 

# Shareholder's Share of Income, Deductions, Credits, etc.**~** SeeseparaIeRlIrucIions.



# Ipirtll Information About the Corporation A Corporation's employer identification number



## 38-3488505 B Corporation's name, address, city, state, and ZIP code



## MARCECO, LTD. 3542 ROGER B 

## CHAFFEE SE GRAND RAPIDS MI 49548
C IRS Centerwhere corporation filed retut'n



## CINCINNATI 

# IPart

# lil Information About the Shareholder 0 Shareholder's identifying number
E Shareholder's name, address, city, state, and ZIP code



## JAMAL AQEL 10891 CHEYENNE TRAIL GRAND RAPIDS MI 49544

F Shareholder's percentage ofstock ownership fortax year 

# . . . . ....... 20.00000

F 0 r 

### I R 

### S 

### U s e 

# 1- 0 n 

### I y

F.,.. Paperworl< RedudianAd. NoIice, seehsIructions

## rorForm 11208. 

### EEA % 

# 671107 Final K-1 Amended K-1 OMB No 1545-0130 

# IPartHI 

# I Shareholder's Share of Current Year Income, Deductions, Credits, and Other Items 1 

# I Ordinary busine;

### ~e**~~ss)** 13 Credits
2 

# I Net rental real estate income (loss) 

## I 3 Other net rental income (loss)
.( ,Interest income 

# I Sa 

# I Ordinary dividends
! 5b Qualified dividends 14 Foreign transactions
6 Royalties
7 

# I Netshort-term caprral gain (loss)
Sa Net long-term capital gain (loss)
8b Co8ectibles (28%) gain (loss) 

### ! Be Unrecaptured section 1250 gain
9 Net section 1231 gain (loss)
10 Otherincome (loss) lS Alternative minimum tax (AMT) rrems 

## A (470)

11 Section 179 deduction 16 Items affecting shareholder basis 

### i 

## 24 465 C 854 12 Other deductions

17 Other information

• See attached statement for additional information, Sd1eduIe K-1 (Form 112(8)2007

# ... 27-Dec-10 5:10:21 PM 

# Marceco Ltd Page: 1
*** 

## INCOME STATEMENT *** 

## As of 30-Nov-10

MONTH-TO-DATE QUARTER-TO-DATE YEAR-TO-DATE 

### $ % 

### Sales 

### $ % 

### Sales 

### $ % 

### Sales Gross Sales #Pin SaleS#
- Use 41100 0.00 51.87 61.30 Sales 6,747,579.63 96.8 13,778,809.55 97.0 69,593,986.35 96.6 Total Gross Sales 

### $ 6,747,579.63 96.8 

### $ 13,778,861.42 97.0 

### $ 69,594,047.65 96.6 Interest Income Total Interest Income 

### $ 0.00 

### $ 0.00 

### $ 0.00 Other Income (Expense) Shipping Charged on Sales 238.75 459.00 2,678.36 Consulting Income 0.00 0.00 0.00 Installation/Programming Income 0.00 0.00 0.00 Commission Income 222,599.10 3.2 431,677.19 3.0 2,457,137.16 3.4 Terminal Income 10.00 80.00 447.89 Returned Funds Charged 3,024.96 6,112.96 33,148.33 Reimbursed Expenses Income 0.00 0.00 (265.28) Misc. Income 0.00 0.00 140.00 Total Other Income (Expense) 

### $ 225,872.81 3.2 

### $ 438,329.15 3.1 

### $ 2,493,286.46 3.5 TOTAL REVENUE 

### $ 6,973,452.44 100.0 

### $ 14,217,190.57 100.0 

### $ 72,087,334.11 100.0



# -- -- --

## 27-0ec-10 5:10:21PM 

# Marceco Ltd Page: 2
*** 

## INCOME STATEMENT *** 

## As of 30-Nov-10

MONTH-TO-DATE QUARTER-TO-DATE YEAR-TO-DATE 

### $ 

### % Sales 

### $ 

### % Sales 

### $ % 

### Sales Cost of Goods Sold Cost of Goods Sold 6,490,207.09 93.1 13,297,186.49 93.6 66,994,353.01 93.0 Total Cost of Goods Sold 

### $ 6,490,207.09 93.1 

### $ 13,297,186.49 93.6 

### $ 66,994,353.01 93.0 GROSS PROFIT 

### $ 483,245.35 6.9 

### $ 920,004.08 6.5 

### $ 5,092,981.10 7.1



# -- -- -- Direct Operating Expense Business Tax Expense 0.00 50.00 6,685.00 Bad Debt Expense 5,674.65 0.1 5,675.02 15,758.60 Bank Charges Expense 3,451.88 6,904.98 34,887.10 Commission Expense 102,608.82 1.5 206,000.70 1.4 1,184,376.01 1.6 Freight on Purchases 3,403.83 9,242.33 0.1 54,429.57 0.1 Auto Star Support Payments 0.00 0.00 0.00 Processor Fee Expense 1,555.24 11,166.61 0.1 89,463.28 0.1 Supplies
- Shipping 1,518.33 2,634.74 10,553.71 Shipping Expense 1,899.49 12,944.33 0.1 87,301.91 0.1 Supplies
- Technical 1,928.07 1,984.46 10,470.11 Taxes (280.30) (236.95) 145,051.90 0.2 Total Direct Operating Expense 

### $ 121,760.01 1.7 

### $ 256,366.22 1.8 

### $ 1,638,977.19 2.3 Indirect Operating Expense Depreciation Expense 0.00 0.00 109,339.18 0.2 Property Tax 0.00 18,393.25 0.1 18,393.25 #Telephone Expense - Land Line# - Use 0.00 70.62 70.62 82365 #Travel - Airfare# - Use 82384 0.00 0.00 20.00 #Unallocated ExpenseS#
- Use 82319 680.00 680.00 680.00 Advertising & Marketing Expenses 1,563.65 2,298.29 (49,343.54) (0.1) Accounting 1,220.00 2,215.00 7,838.51 Automotive Expense - Fuel 7,890.78 0.1 14,760.42 0.1 50,504.75 0.1 Automotive Expense 1,044.57 5,970.55 10,525.84 Regular Maintenance Expense 24,210.77 0.3 27,679.96 0.2 45,562.84 0.1 Aeronautic Expense 2,250.91 2,250.91 12,358.71 Training Expense 22.50 22.50 1,455.23 Computer Expense 2,798.70 6,971.52 48,104.09 0.1 Consulting Expense 6,373.31 0.1 13,452.15 0.1 83,136.72 0.1 Contract Labor Expense 5,932.50 0.1 32,687.33 0.2 97,715.95 0.1 Gift/Flower Expense 66.78 276.78 4,477.18 Medical Expense 1,995.00 2,575.45 10,059.72 Insurance Expense - Medical 368.72 368.72 7,978.72 Insurance Expense - Liability 11,072.79 0.2 15,572.06 0.1 18,525.76 Lease Expense 746.46 1,344.29 4,241.93 Legal Expense 19,075.00 0.3 44,526.44 0.3 75,201.70 0.1 Mileage Expense 24.00 24.00 283.56 Miscellaneous Expense 1,039.11 1,381.19 3,443.48 Postage Expense 446.72 555.35 2,716.29 Telecommunication Services 6,809.42 0.1 13,328.85 0.1 57,846.64 0.1• -it 

## 27-Dec-10 5:10:21PM 

# Marceco Ltd Page: 3
*** 

## INCOME STATEMENT *** 

## As of 30-Nov-10

MONTH-TO-DATE QUARTER-TO-DATE YEAR-TO-DATE 

### $ % Sales 

### $ % Sales 

### $ % Sales Rent Expense 21,358.82 0.3 45,638.69 0.3 174,242.89 0.2 Security Expense 3,238.71 3,525.99 7,620.35 Supplies
- Office 11,084.28 0.2 18,070.97 0.1 52,110.91 0.1 Supplies
- Office Furniture 0.00 0.00 3,676.13 Staff Development Expense 6.99 345.31 7,637.77 Travel Expense 3,931.96 0.1 7,189.63 0.1 42,788.88 0.1 Travel - Meals & 

### Entertainment 1,877.56 3,518.63 16,526.51 Utilities Expense 2,885.71 4,552.81 24,866.75 Inventory Shrinkage 0.00 0.00 2,727.38 Lease Expense - Employee 138,260.38 2.0 251,851.10 1.8 1,196,357.28 1.7 Total Indirect Operating Expense 

### $ 278,276.10 4.0 

### $ 542,098.76 3.8 

### $ 2,149,691.98 3.0 OPERATING INCOME (LOSS) 

### $ 83,209.24 1.2 

### $ 121,539.10 0.9 

### $ 1,304,311.93 1.8



# -- 

# -- -- Other Revenues and Expenses Discount (Taken) 0.00 0.00 0.00 Discount Given 766.25 2,074.75 3,068.29 Total Other Revenues and Expenses 

### $ 766.25 

### $ 2,074.75 

### $ 3,068.29 Interest Expense Interest Expense 0.00 0.00 13,472.55 Total Interest Expense 

### $ 0.00 

### $ 0.00 

### $ 13,472.55 Gain/Loss on Asset Disposal Total Gain/Loss on Asset Disposal 

### $ 0.00 

### $ 0.00 

### $ 0.00 INCOME (LOSS) BEFORE TAXES 

### $ 82,442.99 1.2 

### $ 119,464.35 0.8 

### $ 1,287,771.09 1.8



# -- -- 

# -- Income Tax Expense Income Tax Expense 68.79 68.79 68.79 Total Income Tax Expense 

### $ 68.79 

### $ 68.79 

### $ 68.79
TOTAL EXPENSES 

### $ 6,891,078.24 98.9 

### $ 14,097,795.01 99.2 

### $ 70,799,631.81 98.3



# -- -- 

# --

NET INCOME (LOSS) 

### $ 82,374.20 1.2 

### $ 119,395.56 0.8 

### $ 1,287,702.30 1.8



# -- -- --

## 2/-Dec-1'0 5:13:21PM

ASSETS Cash #Petty Cash
- MN# PNC (4539) #Cash & Check Receipts - MN# - Use 11130.10.200 #MasterCard#

Mercantile Business Account Temporary Banking Guaranty Bank TCF Bank (4131) U.S. Bank Petty Cash Mercantile Bank (4949) PNC Bank Wells Fargo - Mercantile Payroll Account TCF Bank (4924) Cash and Check Receipts Cash on Hand Credit Card Receipts Total Cash Accounts Receivable

Accounts Receivable - Trade Total Accounts Receivable Other Receivables Employee Advance Receivable

Boost Co-op Notes Receivable - Kanan Mustafa Notes Receivable - Neal Young Notes Receivable - Bill Repovz Notes Receivable - Randy Miles Notes Receivable - Alejandro Mesa Notes Receivable - Frogtown Wireless Notes Receivable - Dennis Kaminski Notes Receivable - Kyle Powers Notes Receivable - Tony Singh Notes Receivable - Future Comm Notes Receivable - American Communications Notes Receivable - Casey Christofaris Notes Receivable - Marceco Detroit Notes Receivable - Marceco Milwaukee Notes Receivable - Tawfiq 

### *** 

# Marceco Ltd
BALANCE SHEET (As of 30-Nov-10)

372.50 2,627.86 (1,242.84) 8,926.57

400.00 

### ***

10,684.09 149,990.51

15,096.31 45,579.73 10,099.44 4,095.00 93.95 (173,942.97)

12,330.90 10,172.00 0.00 28,501.20 43,612.69 10,423.59 (10,994.34)

0.00 1,233,077.46

400.00 134,112.80 0.00 (12,313.71) 0.00 22.25

0.00 0.00 0.00 0.00 0.00 60.00 27.60 3,032.83 0.00 7,421.45 0.00 

### Page: 1

155,742.10

1,233,077.46

## 27-Dec-1'O 5:13:21 

## PM

Total Other Receivables Inventory
Inventory Inventory Variance Total Inventory Other CurrentAssets Property Escrow Total Other CurrentAssets TOTAL CURRENTASSETS Property, Plant & Equipment Office Furniture Tenminals Computer Equipment Phone Equipment Automobile Airplane Goodwill Leasehold Improvements Total Property, Plant 

### &Equipment Accumulated Depreciation Accumulated Depreciation Total Accumulated Depreciation OtherAssets Opening Balance Security Deposits Total OtherAssets
TOTALASSETS 

# Marceco Ltd
*** 

## BALANCE SHEET *** 

## (As of 30-Nov-10) Page: 2

132,763.22

0.00 899,168.42

(3,909.90) 895,258.52
2,000.00 2,000.00 2,418,841.30
84,491.07 549,344.67

95,736.69 21,944.00 83,696.96 828,177.50

39,500.00 103,887.15 1,806,778.04 (399,620.18) (399,620.18)

91,253.26

4,195.00 95,448.26 3,921,447.42

## 2?-Dec-1"O 5:13:21PM 

# Marceco Ltd Page: 3
*** 

## BALANCE SHEET *** 

## (As of 30-Nov-10)
LIABILITIES AND EQUITY Accounts Payable Accounts Payable 2,019,353.28 Total Accounts Payable 2,019,353.28 Notes Payable Mercantile Line of Credit 215,000.00 215,000.00 Notes Payable - Airplane 0.00 Notes Payable - Accounting Software (300.40) Total Notes Payable 214,699.60 OtherAccrual of Payables 0.00 Accrued Payables (138,871.60) Accrued Freight 709.87 Total OtherAccrual of Payables (138,161.73) Other Current Liabilities Workers Compensation Payable (486.00) (486.00) Notes Payable - Computer Lease 6,269.70 American Express 59,583.58 MasterCard
- MBNAWorld Points 0.00 MasterCard
- Chase (129.00) Discover (44.00) State Income Tax Payable 3,139.59 FICA Payable (2,879.82) FUTA Payable 277.91 SUTA Payable 2,280.33 Employees' Local Tax Payable 599.59 Local Sales Tax Payable 3,172.25 Michigan State Sales Tax Payable (3,610.28) Minnesota State Sales Tax Payable 3,094.99 Wisconsin State Sales Tax Payable 2,892.22 Visa - National City 0.00 Mastercard - Frontier 12,953.86 Visa - Bank ofAmerica 1,031.72 Mastercard - Citibank 43.41 Visa - Capital One 4,840.75 American Express - Detta 288.57 Total Other Current Liabilities 93,319.37 Long Term Debt Notes Payable - TIm Schuler 500.00 500.00

## 21-0ec-10 5:13:21PM

Notes Payable - Automobile Notes Payable - Equipment Lease Notes Payable - Phone System Lease Notes Payable - Touch Tone Wireless Total Long Term Debt TOTAL LIABILITIES Equity 00 - Dave 00 - Mark 00 - Ruth 00- Jamal Common Stock Issued Retained Earnings Current Earnings Total Equity
TOTAL LIABILITIESAND EQUITY 

### *** 

# Marceco Ltd BALANCE SHEET *** 

## (As of 30-Nov-10) (393.90) (423.95) (4,357.35)

824.47

(357,215.85) (205,060.39) (196,113.76) (310,574.42)

78,331.00 1,439,018.75 1,287,702.30 

## Page: 4

(3,850.73) 2,185,359.79

1,736,087.63 3,921,447.42

# Attachment G

# Income Projections Round Trip Hourly Rate One Way Hourly Rate Dead Hourly Rate Pilot Wait Time Total Flight Hours $350.00 Flights $600.00 Heads $99.00 $50.00 Income January 12 $4,200.00 8 $4,800.00 3 $297.00 $1,200.00 $10,497.00 February 12 $4,200.00 8 $4,800.00 

## 3 $297.00 $1,200.00 $10,497.00 March 12 $4,200.00 8 $4,800.00 3 $297.00 $1,200.00 $10,497.00 April 12 $4,200.00 8 $4,800.00 3 $297.00 $1,200.00 $10,497.00 May 12 $4,200.00 8 $4,800.00 3 $297.00 $1,200.00 $10,497.00 June 12 $4,200.00 12 $7,200.00 3 $297.00 $1,200.00 $12,897.00 July 12 $4,200.00 12 $7,200.00 

## 3 $297.00 $1,200.00 $12,897.00 August 12 $4,200.00 12 $7,200.00 3 $297.00 $1,200.00 $12,897.00 September 12 $4,200.00 8 $4,800.00 3 $297.00 $1,200.00 $10,497.00 October 12 $4,200.00 8 $4,800.00 3 $297.00 $1,200.00 $10,497.00 November 12 $4,200.00 8 $4,800.00 

## 3 $297.00 $1,200.00 $10,497.00 December 12 $4,200.00 8 $4,800.00 3 $297.00 $1,200.00 $10,497.00 $133,164.00



# Notes: 1) The applicant projects a slight increase in one way flights during the summer months due to leisure travel demand 2) This is a single entity company 3) The proposed geographic area is the Lower 48 Continental States

# Expense Projections Total Flight Hourly Cost Pilot Indirect Total Monthly Profit From Hours $150.00 Expense Expense Operating Cost Operations (4) January 28 $4,200.00 $1,600.00 $200.00 $6,000.00 $4,497.00 February 28 $4,200.00 $1,600.00 $200.00 $6,000.00 $4,497.00 March 28 $4,200.00 $1,600.00 $200.00 $6,000.00 $4,497.00 April 28 $4,200.00 $1,600.00 $200.00 $6,000.00 $4,497.00 May 28 $4,200.00 $1,600.00 $200.00 $6,000.00 $4,497.00 June 32 $4,800.00 $1,600.00 $200.00 $6,600.00 $6,297.00 July 32 $4,800.00 $1,600.00 $200.00 $6,600.00 $6,297.00 August 32 $4,800.00 $1,600.00 $200.00 $6,600.00 $6,297.00 September 28 $4,200.00 $1,600.00 $200.00 $6,000.00 $4,497.00 October 28 $4,200.00 $1,600.00 $200.00 $6,000.00 $4,497.00 November 28 $4,200.00 $1,600.00 $200.00 $6,000.00 $4,497.00 December 28 $4,200.00 $1,600.00 $200.00 $6,000.00 $4,497.00 $73,800.00 $59,364.00 

# Notes: 1) The applicantprojects that the pilot will be devoting approximately halfofhis time to the charter services. 2) Indirect expenses are an approximation ofthe additional time from applicants existing employees that will be used to run the charter services 3) The increased expenses during the summermonths reflects additional seasonal demand for leisure charters 4) See income projectionsto calculate ProfitFrom Operations