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Liabilities
Loans and mortgages
515 S. Stanton - Baca $ 0.00 $ 346,685.42
519 S. Stanton - Samaniego 0.00 194,072.70
413 E. 8th - Okubo 0.00 261,723.45
Note payable - Sunwest 0.00 100,000.00
Note payable - Autos 0.00 10,012.62
Mortgage payable - Gilpin 0.00 80,000.00
Note payable - Cadillac 0.00 16,676.89
Note payable - Han 0.00 60,000.00
$ 0.00 $1,069,171.08
Accumulated depreciation
515 S. Stanton $ 0.00 $ 9,978.00
519 S. Stanton 0.00 7,937.00
413 E. 8th 0.00 5,159.00
Store equipment 190.00 266.00
Steel gate 70.00 99.00
Improvements 445.00 631.00
1982 Chevrolet van 3,815.00 8,615.00
Display case 300.00 420.00
Fixtures 2,366.00 3,235.00
Cash register 0.00 1,188.00
1989 Isuzu 0.00 2,660.00
$ 7,186.00 $ 40,188.00
Total liabilities $ 7,186.00 $1,109,359.00
Net worth $299,653.00 1$ 505,106.00
Beginning net worth (299,653.00)
Change in net worth $ 205,453.00
Personal living expenses 124,929.00
Adjusted gross income as corrected $ 330,382.00
Adjusted gross income per return (172,216.00)
Unidentified Income $ 158,166.00
1Respondent has conceded that this amount should be reduced
by $800, the trade-in value of a 1980 Buick traded in on the
purchase of the 1989 Isuzu.
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Last modified: May 25, 2011