EXHIBIT 99.2
CITATION CORPORATION AND SUBSIDIARIES
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS
for the years ending September 28, 1997, September 29, 1996, and October 1, 1995
Additions
Balance at --------------------
Beginning of Charged to Charged to Balance at
Description Period Expense Assets Deductions End of Period
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1997
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Allowance for doubtful accounts $1,421,027 $ 63,766 $ 319,216 $ (437,317) $1,366,692
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Reserve for obsolete inventory 490,988 397,543 300,000 (216,988) 971,543
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Reserve for sales returns 1,075,236 3,009,944 439,846 (3,458,509) 1,066,517
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Deferred tax asset valuation allowance 370,000 918,000 (370,000) 918,000
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Total $3,357,251 $4,389,253 $1,059,062 $(4,482,814) $4,322,752
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1996
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Allowance for doubtful accounts $ 770,672 $ 583,539 $ 208,519 $ (141,703) $1,421,027
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Reserve for obsolete inventory 267,890 259,922 217,455 (254,279) 490,988
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Reserve for sales returns 1,020,939 643,731 281,060 (870,494) 1,075,236
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Deferred tax asset valuation allowance
-- 370,000 -- -- 370,000
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Total $2,059,501 $1,857,192 $ 707,034 $(1,266,476) $3,357,251
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1995
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Allowance for doubtful accounts $ 949,564 $ 460,840 $ 36,431 $ (676,163) $ 770,672
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Reserve for obsolete inventory 15,000 4,640 248,250 -- 267,890
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Reserve for sales returns 137,611 176,126 910,698 (203,496) 1,020,939
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Deferred tax asset valuation allowance
-- -- -- -- --
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Total $1,102,175 $ 641,606 $1,195,379 $ (879,659) $2,059,501
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