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50-percent equity interest in Auker Homes.2 See the appendix for
a chart of the relationships between the various entities and the
Trust. The assets, liabilities, and net worth of these entities,
at the values stipulated by the parties without regard to market
absorption discounts, were as follows on the date of the
decedent's death (the applicable valuation date):3
Auker Investments, Inc.
Assets
25.57% Interest in Eldon L. Auker Enterprises
$512,000
Total 512,000
Liabilities
Total -0-
Net Worth
Total 512,000
Grand Pointe, Inc.
Assets
Cash $3,607
Accounts and notes receivable 41,137
Receivables--other 55,425
Commercial rental property--Fenton Hill Shopping Center525,000
1040 Hill Road, Grand Blanc
Land under development--held for sale 2,660,000
Equipment and/or vehicles 773
Total 3,285,942
Liabilities
Total 2,258,664
Net Worth
Total 1,027,278
K.A.A., Inc.
2 Each remaining equity interest in all of the entities
mentioned above was owned by a member of the Auker family,
either directly or indirectly.
3 To the extent that a real estate interest listed below as
an asset does not reference a street address, we are unable to
determine the specifics of the parcel or parcels of real estate
that relate to that interest.
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Last modified: May 25, 2011