Jung K. Yoon and Hee S. Yoon - Page 10

                                       - 10 -                                         
               Liabilities                                                            
               Loans and mortgages                                                    
                    515 S. Stanton - Baca   $  346,685.42   $  342,209.68             
                    519 S. Stanton - Samaniego  194,072.70       182,811.21           
                    413 E. 8th - Okubo       261,723.45     219,407.65                
                    Note payable - Sunwest   100,000.00     0.00                      
                    Note payable - Ford Motor   10,012.61             0.00            
                    Note payable - Cadillac  16,676.89      10,840.33                 
                    Note payable - Han       60,000.00       60,000.00                
                    Note payable - Gilpin        80,000.00   71,100.00                
                                        $1,069,171.07       $  886,368.87             
               Accumulated depreciation                                               
                    515 S. Stanton      $    9,978.00    $   22,581.00                
                    519 S. Stanton           7,937.00       20,635.00                 
                    413 E. 8th               5,159.00       13,413.00                 
                    Store equipment               266.00         0.00                 
                    Steel gate                    99.00          0.00                 
                    Improvements                  631.00         0.00                 
                    1982 Chevrolet van       8,615.00            0.00                 
                    Display case                  420.00         0.00                 
                    Fixtures                 3,235.00            0.00                 
                    Cash register            1,188.00            0.00                 
                    1989 Isuzu              2,660.00         0.00                     
                                        $   40,188.00       $   56,629.00             
               Total liabilities        $1,109,359.00 $  942,998.00                   
               Net worth                $  505,106.00       $  629,844.00             
               Beginning net worth                           (505,106.00)             
               Change in net worth                          $  124,738.00             
               Personal living expenses                     138,810.00                
               Cash withdrawal from JKY capital account      (18,000.00)              
               Adjusted gross income as corrected           $  245,548.00             
               Adjusted gross income per return              (37,287.00)              
               Unidentified income                          $  208,261.00             
               The following is respondent's computation of petitioners'              
          increase in net worth plus personal living expenses for 1991:               




Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  Next

Last modified: May 25, 2011