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mathematical errors are the result of respondent's rounding off
various amounts.
The following is respondent's computation of petitioners'
increase in net worth plus personal living expenses for 1989:
12/31/88 12/31/89
Assets
Bank account balances
Cash on hand $ 0.00 $ 0.00
Sunwest - 180-0090126 0.00 15,506.99
Sun World - 27-02180 0.00 8,226.29
Surety Savings - 55-46374 15,619.47 0.00
Surety Savings - 59-40245 1,648.17 0.00
Sun World - 27-02236 0.00 1,754.74
Sun World - 62-00931 0.00 1,717.29
$ 17,267.64 $ 27,205.31
Inventory $270,000.00 $ 272,797.00
Personal property
Store equipment $ 378.00 $ 378.00
Steel gate 140.00 140.00
Improvements 888.00 888.00
1982 Chevrolet van 11,629.00 11,629.00
Display case 600.00 600.00
Fixtures 5,406.00 5,406.00
Cash register 0.00 1,188.00
1989 Isuzu 0.00 13,317.00
1988 Cadillac 0.00 19,973.80
$ 19,041.00 $ 53,519.80
Real property
515 S. Stanton $ 0.00 $ 447,000.00
519 S. Stanton 0.00 450,000.00
413 E. 8th Street 0.00 300,000.00
$ 0.00 $1,197,000.00
Other assets
Deposits $ 530.00 530.00
Passive loss carryover 0.00 63,413.00
$ 530.00 $ 63,943.00
Total assets $306,838.64 $1,614,465.11
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Last modified: May 25, 2011