Henry Peter Novick and Carolyn S. Novick - Page 4

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                                       TEXAS RENTAL                                                    
            1989                1990                1991                                               
                  Reported  Allowed   Reported  Allowed    Reported   Allowed                          
            Income           $2,268    $2,268    $3,767    $3,767     $2,344     $2,344                
            (Rent & royalty)                                                                           
            Advertising         220         0       405         0          0          0                
            Auto/travel       2,654         0         0     1,211      2,832          0                
            Cleaning/           210         0       920         0        345          0                
            maintenance                                                                                
            Repairs             244       322       284         0        428      1,170                
            Supplies            141         0       792         0        695          0                
            Taxes               145       145       310       140        164         78                
            Utilities             0         0       156         0          0          0                
            Association fee       0         0     2,889         0          0          0                
            Paint                 0         0       255         0        112          0                
            Gardening &         360       360       674         0        420          0                
            landscaping                                                                                
            Licenses            108         0       111         0         25          0                
            Management fees     220         0       235         0        320          0                
            Pest Control         82         0       100         0        622          0                
            Security & safety    42         0       223         0          0          0                
            Telephone           190         0       217         0        318          0                
            Oil prod exp         48         0       108         0      1,700          0                
            Depletion             0         0         0         0        269        269                
            Fence                 0         0         0         0        478          0                
                                                                                                      
            Net Profit       (2,396)    1,441    (3,912)    2,2731    (6,384)       827                
            Pre-Pals                                                                                   

            1  No explanation was given for the mathematical discrepancy.                              

                                        TAHOE RENTAL                                                   
            1989                1990                1991                                               
            Reported  Allowed   Reported   Allowed    Reported   Allowed                               
            Income          $ 1,140   $ 1,140   $   980    $   980   $   220   $  220                  
            (Rent & royalty)                                                                           
            Advertising         480        0        695          0       113        0                  
            Auto/travel         681      357      1,520      1,372         0        0                  
            Cleaning/           204      230        511        130       490        0                  
            maintenance                                                                                
            Insurance           484      484        502        493       505       84                  
            Legal and other     100        0      2,157          0       859        0                  
            professional fees                                                                          
            Repairs           1,548    1,287      2,168        573       984      298                  
            Supplies          1,236      104      1,173          0     1,082        0                  
            Taxes             2,123      212      2,344      2,286       855      312                  
            Utilities         1,228      741      1,330      1,120       746      636                  
            Security              0      312          0          0         0        0                  
            Telephone           632      172        541          0       681       67                  







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Last modified: May 25, 2011