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Fargo Plaza <br />Profit and Loss Analysis (2019-2021) <br />Income Statement Jan-Dec 2019 Jan-Dec 2020 Jan-Dec 2021 <br />Net Ordinary Income $343,705 $306,945 $295,831 <br />Amortization Expense (add back} $5,939 $10,181 $10,181 <br />Depreciation Expense (add back} $90,564 $90,564 $90,564 <br />Interest Expense-Mortgage (add back) $86,803 $167,829 $163,721 <br />Net Operating Income $527,011 $575,519 $560,298 <br />Cap rate 8.00% 8.00% 8.00% <br />Indicated Value $6,588,000 $7,194,000 $7,004,000 <br />Page 34