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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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