Loren F. Paullus and Donna Paullus - Page 21

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          Golf           Golf                                                         
               Fiscal    Operating      Operating        Golf                         
               Yearend    Revenue     Cost of Sales   Gross Income                    
               1977      $433,052       $460,242       ($27,190)                      
               1978      465,827        404,665        61,162                         
               1979      461,287        500,717        (39,430)                       
               1980      758,853        708,625        50,228                         
               1981      1,263,595      1,101,881      161,714                        
               1982      1,386,201      1,154,674      231,527                        
               1983      1,813,201      1,446,022      367,179                        
               1984      2,189,645      2,133,112      56,533                         
               1985      2,419,178      2,279,223      139,955                        
               1986      2,520,139      2,253,109      267,030                        
               1987      3,131,939      2,535,181      596,758                        
               1988      3,239,153      2,737,566      501,587                        
               1989     3,149,241      2,885,885       263,356                        
               Total  23,231,311     20,600,902     2,630,409                         

          Ridgemark’s operating revenue, costs of sales, and gross income             
          for its real estate operations were:                                        
          Real Estate                                                                 
          Fiscal    Operating      Real Estate     Real Estate                        
          Yearend    Revenue      Cost of Sales        Gross Income                   
               1977     $1,015,183      $493,010       $522,173                       
               1978      344,291        220,121        124,170                        
               1979      257,506        169,666        87,840                         
               1980      -0-            -0-                 -0-                       
               1981      -0-            -0-                 -0-                       
               1982      305,409        21,656         283,753                        
               1983      363,350        107,592        255,758                        
               1984      16,504         14,187         2,317                          
               1985      1,043,797      273,270        770,527                        
               1986      1,747,094      386,014        1,361,080                      
               1987      2,194,609      432,086        1,762,523                      
               1988      1,743,924      319,629        1,424,295                      
               1989      1,502,664       307,855        1,194,809                     
               Total  10,534,331     2,745,086         7,789,245                      
               Ridgemark’s total gross operating revenue, cost of sales,              
          and gross income were $33,765,642, $23,345,988, and $10,419,654,            
          respectively, for the years between 1977 and 1989.                          



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