Ted W. Gleave - Page 16

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          gross receipts          $1,019,499.60   $945,481.27   $938,881.27           
          Less: Increase                                                              
          in purchases               553,080.81    557,014.91    589,531.60           
          Net                        466,418.79    388,466.36    349,349.67           
          Less: increased                                                             
          depreciation                 3,793.00      3,793.00      3,793.00           
          Taxable income                                                              
          omitted                    462,625.79    384,673.36    345,556.67           
          1  See supra table 3, note 1,                                               
               Table 5 shows the components and amounts of our calculations           
          of Kenmore’s increase in gross receipts.                                    
                                       Table 5                                        
          Item                       Fiscal 1981     Fiscal 1982                      
          Total deposits to                                                           
          Kenmore’s Account        $1,433,985.73    $2,712,461.27                     
          Less:  nontaxable                                                           
          deposits1                     65,187.62        58,844.00                    
          Total taxable                                                               
          deposits                 1,368,798.11     2,653,617.27                      
          Accounts                                                                    
          receivable--end                                                             
          of year2                      11,574.00         7,055.00                    


          Less: accounts                                                              
          receivable--start                                                           
          of year2                    3,984.00        11,574.00                       
          Gross operating                                                             
          receipts                   1,376,388.11     2,589,098.27                    
          Less: gross                                                                 
          receipts reported           391,070.00     1,710,217.00                     
          Increase in gross                                                           

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