Jack J. Kramer - Page 74

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                                                         Table 14                                                                       
                                             Schedule C Reconstruction--1987                                                            
      Bank Deposits                   Amount                            Explanation                                                     
      Barnett joint checking       $204,595.34                          Table 13.                                                       
      Barnett money market            4,175.00                          Table 12.                                                       
      Safra Bank                        400.00                          Table 11.                                                       
      209,170.34                                                                                                                        
      Petitioner's Explanations                                                                                                         
      Safra Bank                        - 0 -                             1. Table 11.                                                  
      Barnett money market            4,175.00                            2. To account for the balance carried                         
                                                                          forward from 1986, $8,475.93 allocated to                     
                                                                          1986 (the amount that exceeds 1987                            
                                                                          deposits).  The rest is allocated to 1987.                    
      Barnett joint checking        150,000.00         3. Table 13.                                                                     
      (154,175.00)                                                                                                                      
      Unexplained Bank Deposits                       54,995.34                                                                         
      (Without taking into                                                                                                              
      account stipulated                                                                                                                
      sources of income)                                                                                                                
      Wages                          17,000.00                                                                                          
                                                                                                                                       
      Less withholding               (3,077.00)                                                                                         
      Less FICA                      (1,215.00)                                                                                         
      Net Wages                                    (12,708.00)                                                                          
      Other Sources of Income                                                                                                           
      Interest income                    388.00         (388.00)                                                                        
      Net unexplained deposits                      41,899.34             1. Respondent and petitioner stipulated                       
                                                                          that the unexplained bank deposits for                        
                                                                          1987 were $36,088.  The record supports                       



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