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Winery, with payments occurring periodically during the year, but
with full payment for actual sales during a year being made no
later than the quarter following the year's end.
The following table summarizes the amount of Winery's grape
purchases from, and payments to, Vineyards for grapes from 1982
through 1990:
Year Amount of Purchase Amount of Payment
1982 $140,079 $0
1983 252,665 0
1984 246,252 40,563
1985 334,738 208,746
1986 310,156 41,514
1987 308,319 425,536
1988 447,752 360,930
1989 734,432 321,968
1990 714,083 435,313
The amounts owed to Vineyards by Winery for grapes at the
end of each calendar year from 1982 through 1990 are as follows:
Year Account Receivable
1982 $140,079
1983 392,744
1984 598,444
1985 724,435
1986 993,077
1987 875,859
1988 962,681
1989 1,375,145
1990 1,653,915
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