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4. Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)
12 Months Ended
Dec. 31, 2012
Tables/Schedules  
Schedule of Effective Income Tax Rate Reconciliation

 

 

 

2012

2011

 

 

 

 

Amount computed using the statutory rate

 

$       17,683

$    (47,663)

Non-deductible permanent differences

 

2,787

-

Income tax credits

 

(8,026)

-

Effect of graduated rate

 

(12,444)

-

Change in deferred tax assets

 

26,400

(9,800)

Provision (benefit) for federal income taxes

 

$       26,400

$    (57,463)