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Item 1985 1986 1987 1988 1989
Interest $66,606.75 $44,317.57 $135,924.00 --- ---
income
Capital --- --- 10,000.00 --- ---
gains
Schedule E --- 3,844.61 --- --- ---
income
Schedule F1,706,646.901,971,310.402,210,649.00 $2,049,090.00 $2,650,964.00
sales
Schedule F1,709,159.901,973,223.402,211,563.002,051,565.002,696,214.00
gross
income
Schedule F (88,292.14) (77,901.58)(345,272.00)(146,926.00)(140,465.00)
net income
Net (38,201.08) (25,225.39) --- --- (401,239.00)
operating
loss
Adjusted (59,886.47) (54,964.79)(199,348.00)(146,926.00)(541,704.00)
gross
income
Fuel 1,913.00 914.00 2,475.45 3,400.00 2,677.00
credit
Refund 9,913.00 914.00 2,475.45 3,400.00 2,677.00
The nursery's labor and transportation expenses as
determined by respondent were:
Labor Transportation
Percentage Percentage
of Sched. F of Sched. F
Year Dollars Gross Income Dollars Gross Income
1985 $356,607.96 16.46 $245,962.96 11.35
1986 482,581.18 19.40 218,518.61 8.78
1987 717,487.00 27.71 321,173.00 12.40
1988 751,363.00 32.90 262,931.00 11.51
1989 927,436.00 31.02 269,088.00 9.00
The following table summarizes information relating to the time
of filing of petitioners' tax returns:
1985 1986 1987 1988 1989
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