- 8 -
Total 797,588
Net Worth
Total 3,080,956
1We recognize that the total value of these assets is $3,877,914. The parties
have stipulated that the total value is $3,878,544, and they have not explained the
difference between their stipulated value and the actual value. We proceed using
the stipulated value.
Auker Homes
Assets
Cash
$4,942
Escrow account--sales in process
93,123
Inventory-supplies
14,290
Accounts and notes receivable
13,026
Receivable--Kings Pointe Enterprises
960,124
Receivable--Grand Pointe, Inc.
1,532,150
Mortgage receivable--Kings Pointe Enterprises
500,000
Accrued interest on receivables
228,758
Land contracts receivable
353,906
Commercial rental property--Victoria Square Shopping Mall
775,000
4501 Hill Road, Grand Blanc
Commercial rental property--Kingsley Square
600,000
6070 Fenton Road, Flint
Commercial rental property--Ponderosa
515,000
1030 Hill Road, Grand Blanc
Commercial rental property--Richfield Road Medical Center
140,000
5529 Richfield Road, Flint
Residential rental properties
263,930
Sage Lake Property
475,000
Developed residential lots held for sale
370,170
Tri-Park development costs
145,240
Land held for sale
283,200
Equipment and/or vehicles
19,536
Total
17,242,395
Liabilities
Total
1,986,238
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Last modified: May 25, 2011