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Churchill Financial Members’ Equity Statement

Churchill Financial Members’ Equity Statement — page 1

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Chuichill Financial, LLC

Statement of Changes in Members' Equity

Forthe Year Ended December 31,2018

Balance, beginning of year

Net income

Distributions

Balance, end of year

$

4 0 1 , 1 0 7

701,451

See accompanying notes.

5

Churchill Financial Members’ Equity Statement

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