-27-
Petitioner paid salaries to its officers from fiscal year
1982 to fiscal year 1989 as follows:
Fiscal Sherwood
year E.S. Gustafson G.J. Gustafson Gustafson
1982 $275,000 $140,000 $60,000
1983 275,000 140,000 60,000
1984 275,000 140,000 60,000
1985 400,000 140,000 135,000
1986 450,000 145,000 265,000
1987 450,000 140,000 270,000
1988 450,000 140,000 305,000
1989 400,000 140,000 325,000
Petitioner's net available current assets (i.e., current
assets plus liquid assets held in petitioner's fund in the Super
Trust10 less current liabilities) were as follows:
Current Net liquid
Fiscal year Current assets liabilities assets
1982 $7,358,893 $2,380,061 $4,978,832
1983 7,665,571 3,081,937 4,583,634
1984 6,892,987 2,129,431 4,763,556
1985 11,272,122 4,139,044 7,133,078
1986 11,089,919 2,857,557 8,232,362
1987 12,049,090 2,759,589 9,289,501
1988 12,916,884 2,775,775 10,141,109
10 Petitioner concedes that amounts it held in the Super
Trust are liquid assets available to it for purposes of this
case.
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