- 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