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Cemetery Income $36,030.36 $126,710.40
The total interest income (interest on maintenance and
preservation funds) for the above periods in 1989 was as follows:
Jan. 1-Mar. 14, 1989 Mar. 15-Nov. 17, 1989
Interest Income $7,262.19 $22,779.55
The total cost of the Phase II mausoleum was $313,869,
which, when divided by the number of crypt spaces--324--yields a
per-unit cost of $968.73.
The allocated cost of goods with regard to 1987 and 1988
sales of crypts in the Phase II mausoleum and Phase IIIA
mausoleum (full payment made) was $217,124.12, computed as
follows:
224 Phase II units at $968.73 $216,995.52
4 Phase IIIA units at $32.15 128.60
Total 217,124.12
The above amounts were based upon total construction costs
incurred as of November 17, 1989.
The remaining cost of the assets shown on the books of
Woodbine--cash, grave and mausoleum inventories, building
improvements and equipment, less depreciation (Howard Berger's
original cost was $100,000)--as of November 17, 1989, was
$75,945. This included $5,000 of purchased goodwill, which had
not been assigned any value in the American Cemetery Consultants
appraisal. In addition, the face amount of the receivables of
Woodbine on that date was $429,371.
Alice Berger's accountant signed, and timely filed on behalf
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