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Table 2
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)
Anticipated Accumulation
Increase Working Beyond
In Earnings Net Capital Total Excess Investment Loans Reasonable
Accumulated & Profits Liquid Needs Anticipated Reasonable Liquid Unrelated Unrelated Needs
Earnings & Over Prior Assets For One Extraordinary Needs Assets To To (3)+(8)
TYE Profits Year Available Cycle Needs (4)+(5) (3)-(6) Business Business +(9)-(6)
8/31/88 268,371
8/31/89 701,548 433,177 429,814 339,943 -0- 339,943 89,871 -0- -0- 89,871
8/31/90 1,432,338 730,790 520,156 301,753 352,000 653,753 (133,597) -0- 702,000 568,403
8/31/91 1,766,319 333,981 759,240 247,580 352,000 599,580 159,660 -0- 306,000 465,660
8/31/92 1,825,985 59,666 397,422 352,793 >44,629 >397,422 -0- -0- -0- -0-
TYE 8/31/89 TYE 8/31/90 TYE 8/31/91 TYE 8/31/92
(1) Assets in columns (3)+(8)+(9) 429,814 1,222,156 1,065,240 397,422
(2) Less current earnings and profits retained433,177 730,790 333,981 59,666
(3) Prior accumulation available for reasonable-0- 491,366 731,259 337,756
needs
(4) Reasonable needs 339,943 653,753 599,580 >397,422
(5) Current earnings and profits retained for
reasonable needs (4)-(3) sec. 535(c)(1) 339,943 162,387 -0- 59,666
(6) Accumulated taxable income (2)-(5)
sec. 535(a) 93,234 568,403 333,981 -0-
Accumulated earnings tax sec. 531 26,105 159,153 93,515 -0-
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